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CrazyCrab.mq4 - Powerful Forex EA for Consistent Profits
Unlock the potential of your trading journey with CrazyCrab.mq4, an expert advisor (EA) designed to navigate the dynamic forex market. This forex robot employs advanced algorithms to analyze market trends and execute strategic trades, ensuring optimal results. Tested on renowned platforms like LQDFX and FXOpen, CrazyCrab.mq4 adapts seamlessly to various brokers, providing versatility for traders. Elevate your trading experience with this reliable and efficient forex EA, maximizing your potential for financial success.
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Let's explore the CrazyCrab EA
https://mt4talk.com/viewtopic.php?pid=17157#p17157
CrazyCrab aims for steady, low-risk trading. It uses a combination of technical indicators to find the best entry and exit points, with a focus on preserving your capital. The trailing stop-loss ensures profits are locked in as trades move favorably.
CrazyCrab trades on EURUSD, 1M timeframe.
It offers options for high and low-risk trading.
Utilizes maximum loss and yield settings to manage risks.
Combines various indicators like MACD, Stochastic, SAR, and Moving Averages for decision-making.
Employs trailing stops for profit maximization.
Closes positions automatically upon reaching set profit or loss thresholds.
Uses pivot points and Fibonacci levels for extra trading insights.
Alerts you about significant market movements.
Setting up CrazyCrab
Download the mq4 file of CrazyCrab.
Open MT4, click on "File" -> "Open Data Folder".
Navigate to MQL4 -> Experts, and paste the mq4 file.
Restart MT4, and you'll find CrazyCrab under 'Expert Advisors'.
Adjustable Parameters
HighRisk (bool): This parameter lets you choose if you want to engage in high-risk trading. Setting it to true will activate a trading strategy with potentially higher profits but also higher risks.
LowRisk (bool): Opposite to HighRisk, this parameter allows for low-risk trading when set to true. It's designed for more conservative trading, focusing on capital preservation.
maxLoss (double): This sets the maximum loss you're willing to tolerate, expressed as a percentage of your account balance. The EA will close positions once this threshold is reached to prevent further losses.
maxYield (double): Similar to maxLoss, but this is the profit goal. Once the EA achieves this percentage gain on your account, it will close positions to secure profits.
lTakeProfit, sTakeProfit, takeProfit (double): These parameters set the profit targets (in pips) for long (lTakeProfit), short (sTakeProfit), and general (takeProfit) positions. When a trade reaches these values, the EA will close the position to lock in profits.
pr (double): This is a profit-related setting for specific market conditions, such as sideways markets.
stopLoss, sStopLoss, lStopLoss (double): These are the stop-loss settings for general, short, and long positions, respectively. They determine the maximum amount of pips you're willing to lose on a trade. If a trade goes against you by this amount, the position is automatically closed.
magicEA (int): A unique identifier for the EA. If you run multiple EAs or multiple instances of the same EA, this number helps to distinguish among them.
lTrailingStop, sTrailingStop (double): These are the trailing stop loss settings for long and short positions. A trailing stop moves with the price and locks in profits by closing the position if the market turns by a specified number of pips.
Slippage (int): This value sets the maximum allowable slippage in pips. Slippage is the difference between the expected price of a trade and the price at which the trade is executed.
Lots (double): This determines the size of the trade. More lots mean a larger trade, increasing both potential profit and potential risk.
Color parameters (color): These parameters (like clOpenBuy, clCloseBuy, etc.) set the colors for various types of trade markers on the charts, helping you visually distinguish between different types of trades.
Alerts (bool), GMTshift, LabelShift, LineShift: These settings are related to the display and management of alerts and graphical elements on the trading chart, like pivot points and lines.
Pivot, Cams, Fibs, StandardPivots, MidPivots (bool): These parameters turn on/off the display of various technical analysis tools like pivot points, Camarilla levels, Fibonacci levels, standard pivots, and mid pivots.
Font and Style Settings: Parameters like PivotFontSize, PivotColor, FibColor, etc., allow customization of the visual aspects of the indicators on the chart.
Optimal Settings for Winning Strategy
Currency Pair: EURUSD
Minimal Balance: $1000
Time Frame: 1M
HighRisk: false
LowRisk: true
maxLoss: 3%
maxYield: 1%
lTakeProfit, sTakeProfit, takeProfit: 20
pr: 25
stopLoss, sStopLoss, lStopLoss: 100
lTrailingStop, sTrailingStop: 3
Slippage: 3
Lots: 0.25 (if balance is $1000)
CrazyCrab aims for steady, low-risk trading. It uses a combination of technical indicators to find the best entry and exit points, with a focus on preserving your capital. The trailing stop-loss ensures profits are locked in as trades move favorably.
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