Print
Pinterest
Gmail
Email App
Pinterest
Pinterest
Pinterest
Log in or register to download unlimited Forex robots!
Enhanced Daily Open Strategy: Download Now!
this is made on using of assortment of indicator. its try to predict the general direction of next day.If it thinks the day will be bearish, it puts up a sell pending only.
Daily_Opening_EA_v2.mq4 2.94 kb, 40 downloads since 2014-10-08
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
Check Out Daily_Opening_EA_v2!
https://mt4talk.com/viewtopic.php?pid=1704#p1704
Daily Opening EA v2 is a technical indicator-based trading EA that helps you make trading decisions based on the RSI, CCI, and MACD indicators. You can customize its parameters to match your risk preferences, and it's optimized for trading the EUR/USD pair on a 1-hour chart with a recommended minimal balance of $500.
Daily Opening EA v2 primarily relies on technical indicators to make trading decisions.
It monitors three key indicators: RSI (Relative Strength Index), CCI (Commodity Channel Index), and MACD (Moving Average Convergence Divergence).
The EA looks for specific conditions in these indicators to determine whether to go long (buy) or short (sell).
Here's how it works step by step:
The EA calculates the values of RSI, CCI, and MACD for the current market conditions.
Conditions for Going Long (Buy):
CCI is greater than 0 (indicating an upward trend).
RSI is above 50 (showing strength in the market).
MACD is positive (indicating bullish momentum).
Conditions for Going Short (Sell):
CCI is less than 0 (indicating a downward trend).
RSI is below 50 (showing weakness in the market).
MACD is negative (indicating bearish momentum).
The EA calculates the lot size based on your account equity and the risk percentage you've set.
It sets your Stop Loss (SL) and Take Profit (TP) levels to manage risk. SL limits potential losses, and TP locks in profits.
The EA places pending buy or sell orders at the appropriate price levels to enter the market when the conditions align.
Adjustable Parameters:
SL (Stop Loss): This is the maximum loss you're willing to tolerate on a trade. It's set at 100 by default but can be adjusted to match your risk tolerance.
TP (Take Profit): This is the level at which the EA closes the trade to secure profits. It's also set at 100 by default but can be customized.
Lots: The lot size represents the trade volume. Daily Opening EA v2 calculates it based on your account equity and risk percentage. The default is 0.01 lots, but you can change it.
Risk Percentage: This parameter determines what percentage of your account equity you're willing to risk on a trade. It's set at 0.02 (2%) by default, but you can adjust it to suit your risk appetite.
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
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.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.