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GordagoElder Forex Robot | Expert Advisor for MT4
Discover the power of GordagoElder.mq4, an advanced Forex EA designed to optimize your trading experience. This expert advisor brings efficiency and precision to your trades, ensuring a strategic approach to the dynamic Forex market. Tested on brokers like LQDFX and FXOpen, it seamlessly integrates with any broker, offering versatility and reliability. Elevate your trading with GordagoElder - your key to automated success in the Forex arena.
GordagoElder.mq4 4.18 kb, 42 downloads since 2015-04-22
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GordagoElder.mq4 Forex EA
This EA looks at a few indicators and conditions to decide when to buy or sell a currency pair. It checks things like the MACD (Moving Average Convergence Divergence) and Stochastic indicators and compares them to specific values. When it sees the right conditions, it either opens a buy order or a sell order.
Let's break it down step by step:
MACD Indicator: It looks at the MACD indicator for two different periods, and it checks whether the current MACD value is higher or lower than the previous one.
Stochastic Indicator: It also uses the Stochastic indicator, and it checks if it's above or below certain levels.
Close and High/Low Prices: It looks at the closing price and the highest and lowest prices for the currency pair.
Now, for the specifics:
Buy Condition: If the current MACD is higher than the previous one, the MACD is below zero, the Stochastic is below a certain value, and the closing price is higher than the highest price, it opens a buy order.
Sell Condition: If the current MACD is lower than the previous one, the MACD is above zero, the Stochastic is above a certain value, and the closing price is lower than the lowest price, it opens a sell order.
There are a few more things to know:
It won't open a new order if there's already an open one.
It sets a stop loss for each order to limit potential losses.
It uses a trailing stop to lock in profits if the price moves in your favor.
It checks if you have enough margin in your account to open a trade.
Now, when you want to use this EA, you should set it up in your trading platform. You'll need to adjust some settings, like the stop loss, trailing stop, and the lot size (which determines how much you're trading). Make sure you have enough funds in your account to cover your trading size.
GordagoElder.mq4 4.18 kb, 5 downloads since 2023-11-08
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