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Enhance Robot with SL: Need Help!
this robot is also very good, however it lacks a sl if someone can put in it, please.
mpm-1_8.mq4 16.4 kb, 35 downloads since 2015-07-31
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About mpm-1_8.mq4:
MPM is a virtual trading assistant, making decisions based on a set of predefined rules and conditions. Traders can use it to execute trades, manage risk, and potentially capitalize on market movements.
How It Works:
MPM's strategy identifys specific candlestick patterns and market conditions to generate buy or sell signals. It aims to capture favorable market movements by entering and exiting positions at the right time.
Adjustable Parameters:
TradeComment: A comment for labeling trades.
MAGIC: A unique identifier for the EA's trades.
StartHour: Trading starts at this hour.
SignalStartHour and SignalEndHour: Define trading hours for signal generation.
MarginUsage: Control how much margin the EA utilizes.
ProfitPerLot: Set the desired profit per lot.
BreakEvenPerLot: Determine the breakeven point per lot.
InitiateLossPerLot: Establish a loss limit per lot.
LossPerLot: Set the maximum allowable loss per lot.
RunTime: Specify the maximum time a trade can run.
StopRatio: Define the stop loss ratio.
ProgressiveCandles: Number of candles considered for a signal.
ProgressiveSize: Size of progressive candles.
BreakSize: Size for triggering break-even.
ATRPeriod: Period for the ATR indicator.
ReverseRatio: Ratio for initiating reverse trades.
InitiateReversePerLot: Set the limit for initiating reverse trades.
ReverseProfitPerLot: Define the profit limit for reverse trades.
MPM is well-suited for traders who appreciate automation and want to follow a specific candlestick-based trading strategy. Traders who are interested in candlestick patterns and want an EA to help them execute trades based on these patterns. MPM includes risk management features like stop loss and take profit, making it suitable for traders focused on managing risk. Traders who prefer shorter time frames (e.g., H1) and like to capture intraday market movements may find MPM particularly useful. MPM's adjustable parameters allow traders to fine-tune the EA's behavior to align with their risk tolerance and trading goals. Those looking to initiate reverse trades when the market turns against their initial position may benefit from MPM's reverse trade functionality.
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