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EA Based on Laptrend and Some Other Indicators
The EA was developed on the basis of the guide by Sergey Kovalev.
Fisher_Yur4ik_Alert.mq4 2.26 kb, 32 downloads since 2014-10-26
Inform.mq4 967 b, 29 downloads since 2014-10-26
labtrend1_v2_1.mq4 8 kb, 31 downloads since 2014-10-26
Laptrend_1.mq4 25.03 kb, 29 downloads since 2014-10-26
Inform.mq4 967 b, 29 downloads since 2014-10-26
labtrend1_v2_1.mq4 8 kb, 31 downloads since 2014-10-26
Laptrend_1.mq4 25.03 kb, 29 downloads since 2014-10-26
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The EA was developed on the basis of the guide by Sergey Kovalev.
It's great to see your post about the EA based on Laptrend and some other indicators. Let's break down what these indicators and functions can bring to the table:
Laptrend Indicator: Laptrend is known for identifying trends in the market. It's great for determining the direction in which a currency pair is moving. Using it in your EA could be a smart move.
Fisher_Yur4ik_Alert Indicator: This indicator provides alerts when there's a potential change in market sentiment. Alerts can be crucial for traders to make timely decisions.
Inform Indicator: While it's relatively small in size, the Inform indicator can serve as an information source to provide context to your EA's trading decisions.
Sergey Kovalev's Guide: The fact that you've developed your EA based on this guide is a positive sign. It means you've followed a structured approach, which is always a good practice in forex trading.
Now, regarding what else could be good functions to have:
Risk Management Features: Implement risk management tools like stop-loss and take-profit levels to protect your capital.
Backtesting Capabilities: It's crucial to have the ability to backtest your EA thoroughly to see how it would have performed in historical data.
Customizable Parameters: Allow users to tweak settings like entry and exit criteria, time frames, and more to adapt the EA to their specific trading preferences.
Remember, trading is all about continuous learning and adaptation. It's fantastic that you've shared your EA here, and I hope it proves to be a valuable addition to the trading toolkit. Happy trading!
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