100 Pips a Day Perky Mod21 EA for MT4 - Forex Robot, Expert Advisor

Experience consistent gains with the 100 Pips a Day Perky Mod21 Forex EA. This expert advisor (EA) is designed for MetaTrader 4, delivering automated trading with precision. Achieve daily profits effortlessly as the EA navigates the dynamic Forex market. Tested successfully on LQDFX and FXOpen, this Forex robot ensures optimal performance. Elevate your trading strategy with the 100 Pips a Day Perky Mod21.mq4 EA - your key to efficient and profitable Forex trading.

Elevate Your Trading Game with 100 Pips a Day Perky Mod21 EA!

100 Pips a Day Perky Mod21 EA uses a combination of moving averages and custom indicators to determine the optimal points for entering and exiting trades. The focus is on securing steady, consistent gains, with an emphasis on managing risk through predefined stop losses and take profits.

How this EA works:

Market Analysis: The EA analyzes market trends using moving averages and a custom indicator "lswpr_angleexp".
Trade Execution: When the conditions align (for example, the price is below the moving average and the custom indicator suggests an upward trend), the EA initiates a buy order. Conversely, sell orders are placed when opposite conditions are met.
Risk Management: It incorporates stop losses and take profits to manage risks effectively. The EA also employs trailing stops to protect profits.
Closing Orders: Orders are closed based on the custom indicator's signals, ensuring exits at potentially profitable moments.

Setup Guidance:
Download the mq4 file for the100 Pips a Day Perky Mod21 EA.
Place it in your MetaTrader 4 (MT4) 'Experts' folder.
Restart MT4 and attach the EA to your preferred chart.

Configure the parameters:

timeframe: Defines the chart timeframe on which the EA operates.
stopLoss: Sets the stop loss level in points. This is the level at which a trade will be closed if it's going against the trader's position to limit losses.
lTakeProfit: Specifies the take profit level for long (buy) positions in points. When the price reaches this level, the trade closes to secure profits.
sTakeProfit: Determines the take profit level for short (sell) positions in points, similar to lTakeProfit but for sell orders.
lTrailingStop: Sets the trailing stop distance for long positions. This feature adjusts the stop loss level as the trade moves in favor, locking in profits.
sTrailingStop: Similar to lTrailingStop but for short positions, setting the trailing stop distance for sell orders.
clOpenBuy: Determines the color of the marker or line for opening buy positions on the chart.
clCloseBuy: Specifies the color for closing buy positions on the chart.
clOpenSell: Sets the color for opening sell positions.
clCloseSell: Defines the color for closing sell positions.
clModiBuy: Chooses the color for modifications in buy orders.
clModiSell: Sets the color for modifications in sell orders.
Name_Expert: A string parameter to name the Expert Advisor, used for identification purposes.
Slippage: Defines the maximum allowable slippage in points when executing orders. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed.
UseSound: A boolean parameter to enable or disable sound notifications for certain EA actions.
NameFileSound: Specifies the file name of the sound to be played for notifications, if UseSound is enabled.
Lots: Determines the size of the trade in lots. This is the amount of currency being traded.
Additional Slippage Parameter: Another slippage parameter, similar to Slippage, offering further control over order execution conditions.

Suggested Winning Strategy Settings:

Currency Pair: EUR/USD
Minimum Balance: $500
Timeframe: 15 minutes

Stop Loss: 500 points
Long Take Profit: 500 points
Short Take Profit: 500 points
Long Trailing Stop: 50 points
Short Trailing Stop: 50 points
Color Open Buy: Lime
Color Close Buy: Green
Color Open Sell: Magenta
Color Close Sell: Red
Color Modify Buy: Light Blue
Color Modify Sell: Orange
Name_Expert: "100PipsWinner"
Slippage: 3
Use Sound: true
NameFileSound: "alert.wav"
Lots: 0.05
Additional Slippage: 2

Explanation for the Winning Strategy Settings:

Currency Pair - EUR/USD: This pair is chosen for its high liquidity and lower spreads. It's one of the most traded pairs, offering more predictable movements and better opportunities for implementing the EA's strategy.
Minimum Balance - $500: This balance is sufficient to handle the potential drawdowns and margin requirements for a lot size of 0.05. It provides enough cushion to absorb market fluctuations without risking a significant portion of the capital on a single trade.
Timeframe - 15 minutes: A 15-minute timeframe is a good balance between short-term and medium-term trading. It filters out some of the 'noise' seen in shorter timeframes, providing more reliable signals for the EA's strategy while still allowing for multiple trading opportunities in a day.
Stop Loss - 500 points & Take Profit - 500 points (both long and short): These settings aim to strike a balance between risk and reward. A 500-point stop loss and take profit ensure that the trades have enough room to breathe and are not stopped out prematurely, while still locking in profits at reasonable levels.
Trailing Stop - 50 points (both long and short): Trailing stops are set to protect gains as the trade moves in favor. A 50-point trailing stop is tight enough to lock in profits during quick market moves, yet allows some space for the trade to develop.
Lot Size - 0.05: This is a conservative lot size, suitable for a $500 account. It limits the risk per trade while still allowing for meaningful profit potential.
Slippage - 3 and Additional Slippage - 2: These settings help ensure that trades are executed close to the desired price points, even in fast-moving markets, reducing the risk of significant price deviations at the moment of execution.
Use Sound - true & NameFileSound - "alert.wav": Enabling sound alerts with a specific sound file helps in staying informed about the EA's activities without constantly monitoring the screen.
Color Settings for Buy/Sell Orders: The specific color settings for opening and closing buy and sell orders, as well as for modifications, provide clear visual cues on the trading chart, making it easier to track and analyze trades.

This strategy overall aims to utilize the strengths of the EUR/USD pair within a 15-minute timeframe, balancing risk management with profit potential, suited for a moderately funded account.

100 Pips a Day Perky Mod21 EA is your go-to tool for disciplined, trend-following trading. With its smart analysis and risk management features, it's ideal for traders aiming for steady gains in the forex market. Try it with the recommended settings on EUR/USD and see the difference it makes in your trading strategy!

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