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ORDER MANAGEMENT FOR EA DEVELOPMENT
THIS IS THE LAST VERSION of ARD ORDER MANAGEMENT for EA DEVELOPMENT
ARD_ORDER_MANAGEMENT_(1).mq4 8.69 kb, 30 downloads since 2014-10-08
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About ARD_ORDER_MANAGEMENT EA
https://mt4talk.com/misc.php?action=pun … download=1
When the EA spots a good chance to make money, it takes action. It can either buy or sell currency pairs, depending on what's best at that moment. Plus, it's smart - it knows when to change its mind and adjust its orders to stay profitable.
It keeps an eye on the market in real-time.
When it spots a promising opportunity, it calculates the best entry point, stop loss, and take profit levels.
The EA can also modify existing orders to adapt to changing market conditions.
If you want to close a position, it's got your back there too.
Adjustable Parameters:
Slippage: This is like a safety buffer for price differences during order execution. Keep it at 4 for normal conditions.
Magic Number: This helps you keep track of your trades. Set it to any number you like.
Lots Digit: It's about how many decimal places your lot size has. Typically, it's 1.
Stop Loss (sl): This is how much you're willing to lose before the trade closes automatically.
Take Profit (tp): It's the target profit level where your trade closes.
Initial Lot Size: This sets the size of your initial trade.
Modified Stop Loss (m_sl): If you want to change your stop loss, use this.
Modified Take Profit (m_tp): Similarly, this changes your take profit.
Additional Parameter (pp): We don't know what this does; it's not explained.
Maximum Lot Size (lotmax): Sets the upper limit for your trade size.
Comment: You can add notes to your orders if you want.
Getting started is a breeze. Just download the file and load it into your trading software.
ARD_ORDER_MANAGEMENT EA makes trading decisions based on real-time market conditions, so you don't have to do all the analysis yourself.
It sets stop loss and take profit levels to manage risk, so you don't lose too much if a trade goes against you.
If things change in the market, it can modify your existing orders to adapt - this is super handy.
It can also close your trades when it's time to take your profits or cut your losses.
The EA helps you make smart moves without all the complex analysis. Plus, it knows when to adapt and when to lock in your profits. It's easy to set up, so even if you're new to Forex trading, it's a great tool to start with. Just remember to use it wisely.
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