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God's Gift EA v4c ProfitLock.mq4 - Powerful Forex Expert Advisor
Discover the potential of the God's Gift EA v4c ProfitLock.mq4 - a robust and reliable Forex robot designed to enhance your trading experience. This expert advisor (EA) is engineered to deliver consistent results across various brokers, including LQDFX and FXOpen. Unlock the full capabilities of automated trading with this advanced Forex EA. Elevate your trading strategy today!
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do you tested this expert? if yes please tell us what is the result.
Thanks,
What is the strategy of this profilock as well as the settings? What number of pips or can you change the?
About God's Gift EA v4c ProfitLock.mq4
https://mt4talk.com/viewtopic.php?pid=17318#p17318
It uses a combination of technical indicators and price patterns to make buy and sell decisions.
The EA looks at various indicators like Stochastic Oscillator and Moving Averages to identify potential buy and sell signals.
It also checks the time of day to ensure trading only occurs during specific hours, as set by the user.
The EA can apply a stop loss and take profit to manage risk and lock in profits.
It can also trail the stop loss to protect gains as the trade moves in your favor.
Optionally, you can use a profit-locking feature to secure profits when a certain level is reached.
The EA includes additional filters like a Keltner Channel to improve the accuracy of signals.
Adjustable Parameters:
Magic Number: A unique identifier assigned to each trade placed by the EA. It helps differentiate trades initiated by this EA from other EAs or manual trades.
User Input: Integer (e.g., 12345)
SignalMail: Enables or disables email notifications for trading signals generated by the EA. When set to "True," it sends email alerts; when set to "False," it does not.
User Input: True/False
EachTickMode: When set to "True," the EA evaluates trading conditions on every tick (price change). When set to "False," it evaluates conditions once per bar/candlestick.
User Input: True/False
Lots: The lot size used for trading. It determines the volume of the position opened by the EA.
User Input: Double (e.g., 0.1)
Slippage: The maximum allowed slippage in pips for executing a trade. Slippage occurs when the entry price differs from the expected price.
User Input: Integer (e.g., 3)
StopLossMode: Enables or disables the use of a stop loss for trades. When set to "True," the EA uses a stop loss; when set to "False," it does not.
User Input: True/False
StopLoss: The distance in pips from the entry price at which the EA will place the stop loss. It helps limit potential losses on a trade.
User Input: Integer (e.g., 60)
TakeProfitMode: Enables or disables the use of a take profit level for trades. When set to "True," the EA uses take profit; when set to "False," it does not.
User Input: True/False
TakeProfit: The distance in pips from the entry price at which the EA will place the take profit level. It helps secure profits when a trade moves in the desired direction.
User Input: Integer (e.g., 100)
TrailingStopMode: Enables or disables the trailing stop feature. When set to "True," the EA will adjust the stop loss to lock in profits as the trade progresses.
User Input: True/False
TrailingStop: The trailing stop distance in pips. It specifies how far away from the current price the stop loss should be adjusted to lock in profits.
User Input: Integer (e.g., 30)
UseHourTrade: Enables or disables trading within specific hours of the day as defined by the "FromHourTrade" and "ToHourTrade" parameters.
User Input: True/False
FromHourTrade: The starting hour for trading when "UseHourTrade" is enabled. Trades will be considered only during or after this hour.
User Input: Integer (e.g., 17)
ToHourTrade: The ending hour for trading when "UseHourTrade" is enabled. Trades will be considered only until this hour.
User Input: Integer (e.g., 10)
RequiredStochLevelSell: Enables or disables the requirement for specific Stochastic Oscillator levels when generating sell signals.
User Input: True/False
StochSell: The Stochastic Oscillator level that must be met for generating sell signals when "RequiredStochLevelSell" is enabled.
User Input: Integer (e.g., 40)
RequiredStochLevelBuy: Enables or disables the requirement for specific Stochastic Oscillator levels when generating buy signals.
User Input: True/False
StochBuy: The Stochastic Oscillator level that must be met for generating buy signals when "RequiredStochLevelBuy" is enabled.
User Input: Integer (e.g., 60)
stochShort, stochMed, stochLong: These parameters define the settings for the Stochastic Oscillator, including the periods and methods used for calculation.
User Input: Integers (e.g., 1, 20, 50)
ShortStochSellEntry, ShortStochBuyEntry: These parameters set the entry levels for sell and buy signals based on the Stochastic Oscillator.
User Input: Integers (e.g., 80, 20)
MaxStochDiffMedvsLong: Enables or disables the maximum difference check between the medium and long-term Stochastic Oscillator levels.
User Input: True/False
MaxStochDifference: Specifies the maximum allowable difference between the medium and long-term Stochastic Oscillator levels when "MaxStochDiffMedvsLong" is enabled.
User Input: Integer (e.g., 8)
AdditionalTimeFilter: Enables or disables an additional time filter based on the "hour" parameter.
User Input: True/False
hour: Specifies an additional time filter, allowing or disallowing trades during specific hours.
User Input: Integer (e.g., 18)
EMAPeriod: The period used for the Exponential Moving Average (EMA) indicator.
User Input: Integer (e.g., 40)
UseProfitLockStop: Enables or disables the profit-locking feature, which locks in profits when a certain level is reached.
User Input: True/False
ProfitLockTriggerLevel: The profit level at which the EA triggers the profit-locking mechanism.
User Input: Integer (e.g., 20)
ProfitLockStopLevel: The number of pips in profit required to place the profit lock, which can be 0, 1, or more.
User Input: Integer (e.g., 3)
These adjustable parameters allows you to customize the EA's behavior and trading strategy to your preferences and market conditions. It's essential to carefully configure these parameters and backtest different settings to find the most suitable setup for your trading goals.
This EA is likely to work best under the following conditions:
Trending Markets: The EA is designed to identify buy and sell signals based on technical indicators. It's more likely to perform well in markets that exhibit clear trends, either upward (bullish) or downward (bearish). In sideways or ranging markets, it may generate more false signals.
Volatility: Forex markets with moderate to high volatility are suitable for this EA. Volatile markets often have larger price movements, which can lead to more significant profit opportunities when the EA captures the right trends.
Adherence to Trading Hours: If you've set specific trading hours using the "UseHourTrade," "FromHourTrade," and "ToHourTrade" parameters, the EA will work best when the selected time window aligns with the market's most active and liquid hours. For example, the overlap of the London and New York sessions often provides better trading conditions.
Optimal Parameter Settings: The performance of this EA depends heavily on the parameter settings. The suggested settings provided earlier, including the Stochastic Oscillator levels, time frames, and currency pairs, are a good starting point. However, it's essential to backtest different parameter combinations to find the settings that work best for your specific trading style and risk tolerance.
Avoid News Events: High-impact news events can introduce sudden and unpredictable volatility into the forex market. It's advisable to either disable the EA during major news releases or use a separate news filter to prevent trades during these times.
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