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Lost 30% of the account in ONE (!!!) trade today with the recommned setting from the author in Gold! Would be better named Bad(!)man - very angry! Using ECN-Broker and VPS service with ultrahigh Performance (under 2ms latency)
raselpro wrote:
This EA is Based On BAT Strategy With some Modifications. It will Enter Position on Breaks of Lows and Highs, If the break was correct then we'll see our TP, If Not it will try to add Offset Depending on Orders input parameter, on every breaking of a low or high it will close all positions, so we don't need to set a stop loss, it will close all by changing the side.
gracias
Get Ahead with Batman V1.0. EA indicator!
Batman V1.0. EA helps you identify potential entry and exit points in the forex market. It uses the Average True Range (ATR) indicator to set dynamic stop levels that trail your trade, optimizing your chances of locking in profits while minimizing losses.
Batman V1.0. EA is not designed to make trades on its own. It is an indicator-based tool that helps traders identify potential entry and exit points in the forex market by plotting support and resistance lines based on the Average True Range (ATR) indicator. Traders can use the information provided by this EA to make informed trading decisions, but it does not execute trades automatically. It is meant to assist traders in managing their trades and implementing their trading strategies effectively.
How this EA Works:
The EA calculates the ATR of your chosen currency pair over a specified period (ATRPeriod) and multiplies it by a factor (Factor) that you can adjust. Based on this calculation, it sets two lines on your chart - a support line and a resistance line.
When the market price is above the resistance line, it suggests a bullish trend, and when it's below the support line, it indicates a bearish trend. The EA adjusts these lines as the market moves, helping you ride trends and secure profits.
Download and Setup:
Download the mq4 file for the Batman V1.0. EA.
Open your MetaTrader 4 platform.
Go to 'File' > 'Open Data Folder.'
Open the 'MQL4' folder, then 'Experts.'
Copy and paste the downloaded mq4 file into the 'Experts' folder.
Restart your MetaTrader 4 platform.
Find the EA in the 'Navigator' panel under 'Expert Advisors.'
Drag and drop it onto your chart.
Adjust the settings as needed.
Adjustable Parameters:
BackPeriod: This parameter determines the number of bars used to calculate the Average True Range (ATR) indicator. A higher value will consider a longer historical period for ATR calculations.
ATRPeriod: It sets the period for calculating the ATR indicator. A higher value will result in a smoother ATR line, while a lower value will make it more responsive to short-term price movements.
Factor: This parameter acts as a multiplier applied to the ATR value. It determines the distance between the support and resistance lines. A higher Factor will widen the gap between the lines, while a lower Factor will narrow it.
TypicalPrice: If set to 'true', the EA will use the typical price (average of high, low, and close) for calculations. If set to 'false', it will use the closing price only.
BAT(1).mq4 3.73 kb, 1 downloads since 2023-11-22
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