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Optimize Your Trading with Fotest Forex EA – Boost Profits Today!
Enhance your trading experience with Fotest.mq4, a powerful Expert Advisor designed for the dynamic forex market. This Forex Robot leverages advanced algorithms to analyze market trends and execute precise trades automatically, saving you time and maximizing your potential profits.
Fotest.mq4 has been rigorously tested on reputable platforms like LQDFX and FXOpen, ensuring reliability and performance. This EA is compatible with a wide range of brokers, offering flexibility in choosing the trading environment that suits your preferences.
Unlock the full potential of your trading strategy with Fotest.mq4 - the Expert Advisor that adapts to market conditions, providing a seamless trading experience. Elevate your trading game today with Fotest.mq4, your key to optimizing forex trading efficiency.
fotest.mq4 8.01 kb, 34 downloads since 2015-04-30
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Let's dive into Fotest EA!
Fotest EA is designed to help you make smart trading decisions. It analyzes the market and looks for trends to either buy or sell.
To get started with this EA, follow these steps:
Download the mq4 file for Fotest EA.
Attach the EA to your MetaTrader 4 (MT4) chart.
Adjust the settings based on your preferences using the following parameters:
Lots: The amount you want to trade (default is 1).
TakeProfit: The profit level at which you want to close a trade (default is 150 pips).
StopLoss: The maximum loss you're willing to accept (default is 20 pips).
TrailingStop: A trailing stop to protect your profits (default is 15 pips).
TP: Enable or disable Take Profit (default is disabled).
TS: Enable or disable Trailing Stop (default is enabled).
Shave: A parameter for fine-tuning (default is 5).
Slippage: The maximum allowable price difference for trade execution (default is 2).
ProfitMade: The desired profit level to close a trade (default is 7 pips).
Optimal settings for winning strategies:
Currency: Any major currency pair (e.g., EUR/USD, GBP/USD).
Timeframe: 1-hour (H1) or 4-hour (H4) charts.
Minimal balance: $500 or more.
Currency Pair: EUR/USD
Timeframe: 1-hour (H1)
Minimal Balance: $500
Parameter Settings:
Lots: 1
TakeProfit: 150 pips
StopLoss: 20 pips
TrailingStop: 15 pips
TP (Take Profit): Disabled
TS (Trailing Stop): Enabled
Shave: 5
Slippage: 2
ProfitMade: 7 pips
Additional Settings (for variation): Currency Pair: GBP/USD
Timeframe: 4-hour (H4)
Minimal Balance: $800
Parameter Settings:
Lots: 2
TakeProfit: 200 pips
StopLoss: 25 pips
TrailingStop: 20 pips
TP (Take Profit): Enabled
TS (Trailing Stop): Disabled
Shave: 6
Slippage: 3
ProfitMade: 10 pips
Feel free to experiment with these settings and currency pairs to find the strategy that works best for you.
Winning strategy settings explained:
Start with a balance of at least $500, trade major currency pairs on 1-hour or 4-hour charts, and use the default parameters. If you want to take profits early, enable Take Profit, and if you prefer a trailing stop to protect your gains, keep Trailing Stop enabled.
Fotest is an EA that helps you trade forex by identifying trends and providing options to manage your trades. Customize the settings to match your trading style and start making informed decisions in the forex market. Happy trading!
fotest.mq4 8.01 kb, 8 downloads since 2023-11-17
Hey seanb, got something for ya! I'm hooking you up with the missing "ForexOFFTrend v1.ex4" file. Give it a try with this file added to your setup. Just drop it into the 'Indicators' folder of your MetaTrader 4, and you should be good to go. Fingers crossed this solves the problem! Let me know how it goes, alright?
ForexOFFTrend v1.ex4 11.18 kb, 6 downloads since 2023-11-23
Here is a setting for leverage 1:100 with a starting balance of $100. It uses a fixed lot size of 0.01. You can apply this setting to multiple charts.
Forest EA - $100 starting balance - Leverage 100 - setting.set 113 b, 6 downloads since 2023-11-23
Can the Fotest EA be used for trading cryptocurrencies as well as forex? Given that it's designed for forex markets, I'm curious if anyone has tried adapting it for crypto trading. Are there any specific settings or tweaks needed to make it work with cryptocurrencies?
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Latest profit posts from the Trade Executor EA users.
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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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