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FarhadHill1 Forex EA - Expert Advisor for MT4
Unlock the potential of your trading with FarhadHill1.mq4, a powerful Forex Robot designed for MT4. This Expert Advisor (EA) utilizes advanced algorithms to analyze market trends and make strategic trading decisions. Tested on LQDFX and FXOpen, it seamlessly adapts to any broker environment. Elevate your trading experience with FarhadHill1 - your key to automated Forex success.
FarhadHill1.mq4 29.56 kb, 31 downloads since 2015-04-30
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Check out FarhadHill1 Forex EA!
FarhadHill1 Forex EA tailored for the GBP/JPY currency pair, but you can optimize it for other pairs too. This EA aims to achieve at least 70% monthly returns, making it an attractive option for traders looking for high profitability.
How this EA works:
FarhadHill1 Forex EA relies on several indicators and conditions to execute trades. It considers factors like Moving Average Convergence Divergence (MACD), Stochastic Oscillator, Parabolic SAR, and Momentum to identify potential entry and exit points in the market. It also offers features like trailing stops to maximize profits and minimize losses.
Getting Started:
Download the ".mq4" file.
Open your MetaTrader 4 platform.
Go to "File" -> "Open Data Folder" -> "MQL4" -> "Experts."
Place the downloaded "FarhadHill1.mq4" file in the "Experts" folder.
Restart your MetaTrader 4 platform.
Adjustable Parameters:
AccountIsMini: Set to true if you're trading a mini account.
MoneyManagement: Enable or disable money management controls.
TradeSizePercent: Define the percentage of equity you want to risk.
Lots: Set the lot size for trading.
MaxLots: Define the maximum lot size.
MACD_Price: Choose the price type for MACD calculations.
UseMA_Cross: Enable or disable Moving Average (MA) crossover checks.
MA_SlowPeriod and MA_FastPeriod: Set the MA periods for slow and fast MAs.
MA_Shift: Shift value for MAs.
MA_Mode: Choose the MA mode (0=sma, 1=ema, 2=smma, 3=lwma, 4=LSMA).
MA_Price: Choose the price type for MA calculations.
MomentumPeriod: Set the period for Momentum calculations.
MomentumPrice: Choose the price type for Momentum calculations.
MomentumHigh and MomentumLow: Define high and low thresholds for Momentum.
Stoch_Mode: Set the Stochastic mode (0 or 1).
StochPrice: Choose the price type for Stochastic calculations.
StochHigh and StochLow: Define high and low thresholds for Stochastic.
SignalCandle and SignalTimeFrame: Configure signal candle and time frame.
StopLoss: Define the maximum pips you're willing to lose per position.
UseTrailingStop: Enable or disable trailing stops.
TrailingStopType: Choose the trailing stop type (1, 2, or 3).
TrailingStop: Set the trailing stop value.
FirstMove, SecondMove, ThirdMove: Define levels for trailing stops.
TakeProfit: Set the maximum profit level.
MarginCutoff: The EA will stop trading if equity falls below this level.
Slippage: Define the allowable slippage.
Winning Strategy Settings:
To optimize this EA for maximum performance, consider these settings
:Currency Pair: GBP/JPY (optimized), but you can experiment with other pairs.
Minimal Balance:Varies depending on lot size and risk tolerance, but a higher balance is recommended for safer trading.
Time Frame: 15 minutes (optimized), but you can test other time frames.
AccountIsMini = false
MoneyManagement = false
TradeSizePercent = 5%
Lots = 0.1
MaxLots = 100
MACD_Price = 1
UseMA_Cross = false
MA_SlowPeriod = 21
MA_FastPeriod = 2
MA_Shift = 1
MA_Mode = 2
MA_Price = 5
MomentumPeriod = 14
MomentumPrice = 1
MomentumHigh = 100
MomentumLow = 100
Stoch_Mode = 0
StochPrice = 0
StochHigh = 60
StochLow = 35
SignalCandle = 0
SignalTimeFrame = 15
StopLoss = 0
UseTrailingStop = true
TrailingStopType = 2
TrailingStop = 15
FirstMove = 20
TrailingStop1 = 20
SecondMove = 30
TrailingStop2 = 20
ThirdMove = 50
TrailingStop3 = 20
TakeProfit = 20
MarginCutoff = 300
Slippage = 3
FarhadHill1.mq4 29.56 kb, 6 downloads since 2023-11-20
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