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mtp_1.81.mq4 - Advanced Forex Expert Advisor for Consistent Trading
Unlock the full potential of your trading with the mtp_1.81.mq4 Expert Advisor, a powerful Forex robot designed for optimal performance. This EA leverages cutting-edge algorithms to analyze market trends, execute precise trades, and maximize your trading efficiency.
With extensive testing on brokers like LQDFX and FXOpen, mtp_1.81.mq4 proves its adaptability to various trading environments. Seamlessly integrate this Forex EA into your strategy, benefit from its advanced features, and elevate your trading experience.
Experience the difference with an Expert Advisor that prioritizes consistency and results. Download mtp_1.81.mq4 now and take your Forex trading to new heights.
mtp_1.81.mq4 11.28 kb, 48 downloads since 2015-04-23
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Let's Dive into MTP 1.81 EA!
https://mt4talk.com/misc.php?action=pun … download=1
MTP 1.81 is all about managing your trades effectively. It does this by setting up different levels for taking profits and stopping losses. Here's how it works:
Take Profits (TP): MTP lets you set three TP levels - First, Second, and Third TP. Each TP level is a specific number of pips away from your entry point. These are like your profit targets. When the price moves in your favor and reaches one of these levels, MTP can automatically close a portion of your trade to lock in profits.
Stop Loss (SL): You also have three fixed SL levels - First, Second, and Third SL. These are set at varying distances from your entry point to manage risk. If the market goes against you, MTP can close your trade to limit your losses.
Trailing Stop: MTP has a feature that allows you to trail your profits. After your last fixed SL is in place, MTP can adjust your SL to follow the price as it moves in your favor. This helps you capture more profits while still protecting your gains.
Close Method: You can choose how you want to close your trades. Method 1 closes a part of your trade at each TP level. Method 2, on the other hand, increases the amount you close with each TP level, allowing you to lock in more profits.
Max Loss: To keep things safe, MTP lets you set a maximum loss. If your losses reach this limit, MTP can close your trade to prevent further damage.
Alerts and Notifications: Stay informed with email and sound alerts that keep you updated on your trade status.
Adjustable Parameters: Now, let's talk about the adjustable settings in MTP 1.81:
PreSet_Name: This is like a nickname for your settings.
First, Second, and Third TP: These are the levels where you want to take profits.
TP_Increment: It's the step size for your TP levels.
Close_Lots: This determines how much of your trade you want to close at each TP level.
Close_Method: You can choose between Method 1 and Method 2 for closing your trades.
First, Second, and Third SL: These are your stop-loss levels, acting as safety nets.
Trail_Stop_By: This sets when your trailing stop kicks in.
Max_Loss: The maximum loss you're willing to tolerate.
Alert_Sound and Alert_Email: Decide if you want alerts for your trades.
Magic_Number: If you're using different EAs, this helps identify your MTP trades.
MTP 1.81 is excellent because it combines these adjustable parameters to create a strategy that suits your trading style. Whether you're a risk-taker or prefer a more conservative approach, MTP can adapt to your needs. It helps you lock in profits and limit losses, making it a valuable tool for any trader.
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