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BronzeW_Pan.mq4 - Expert Advisor for Forex Trading
Enhance your trading with BronzeW_Pan.mq4, a powerful Forex robot designed to optimize your trading strategies. This Expert Advisor (EA) offers precision and efficiency, making it a reliable choice for traders. Tested on LQDFX and FXOpen, BronzeW_Pan.mq4 delivers consistent results, ensuring a seamless trading experience. Elevate your trading journey with this advanced Forex EA today!
BronzeW_Pan.mq4 6.92 kb, 34 downloads since 2015-04-23
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Elevate Your Trading with BronzeW_Pan EA!
The EA focuses on identifying momentum-based trading opportunities using a combination of indicators such as Day Impulse, Williams’ Percent Range (WPR), and the Commodity Channel Index (CCI). The strategy revolves around recognizing strong market trends and capitalizing on these movements with precise entry and exit points. It's well-suited for traders looking to leverage market volatility in their favor.
How this EA works:
The EA uses a unique Magic Number (6290102) for trade identification.
It calculates trading decisions based on various indicators like Day Impulse, WPR, and CCI.
Positions are opened based on the momentum and direction of the market trend, detected through indicator values.
It includes features for managing trades, like dynamic stop loss and take profit, which can be set to 0 for flexibility.
The EA also incorporates conditions to close trades based on profitability or loss thresholds (variables like porog for profit and sliv for loss).
It manages multiple open trades and adjusts strategies based on the current portfolio and market conditions.
Setup Guidance:
Download the mq4 file and install it in your MT4 platform.
Adjust the following parameters:
MagicNumber: Unique identifier for trades (default: 6290102).
Lots: Trading volume (default: 0.1).
Slippage: Maximum price slippage for buy/sell orders (default: 3).
lTakeProfit and sTakeProfit: Long and short take profit levels.
lStopLoss and sStopLoss: Long and short stop loss levels.
Additional parameters like FrMarg, porog, per, d, test, workb, works, pred, sliv, mm control various aspects of trade management and strategy.
Start the EA in your MT4 platform.
Suggested Winning Strategy Settings:
MagicNumber: 6290102
Lots: 0.1
Slippage: 3
lTakeProfit: 50
sTakeProfit: 50
lStopLoss: 50
sStopLoss: 50
lTrailingStop: 20
sTrailingStop: 20
FrMarg: 3000
porog: 500
per: 14
d: 3
test: 0
workb: -50
works: 50
pred: 100
sliv: -2000
mm: 30
Currency: EUR/USD
Timeframe: H1
Minimal balance: $5000
Explanation of Winning Strategy Settings:
The suggested settings aim to optimize trade entry and exit for EUR/USD on an hourly timeframe, with a minimal balance of $5000. The stop loss and take profit settings are balanced to mitigate risk while capturing reasonable profits. Trailing stops further protect profits. The specific values for workb and works ensure trades are initiated under favorable market conditions as indicated by the EA's internal indicators. The balance requirement ensures that the account can withstand market fluctuations.
The EA is a dynamic and adaptable trading tool, it intelligently combines various indicators to identify high-probability trading opportunities, making it an excellent choice for traders looking to automate their strategy with a focus on momentum trading.
BronzeW_Pan.mq4 6.92 kb, 7 downloads since 2023-11-14
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