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Optimize Your Trading with Gods Gift EA v6c.mq4 – Powerful Forex Exper
Unlock the potential of your trading journey with the Gods Gift EA v6c.mq4 – a robust Forex Robot designed to enhance your trading experience. This Expert Advisor (EA) boasts advanced algorithms and proven strategies, making it a valuable asset for both novice and experienced traders.
With extensive testing on brokers like LQDFX and FXOpen, this EA has demonstrated reliable performance. Compatible with a wide range of brokers, Gods Gift EA v6c.mq4 ensures flexibility in your trading choices.
Maximize your profits and minimize risks by integrating this Forex EA into your trading portfolio. Experience the efficiency and precision of automated trading with Gods Gift EA v6c.mq4 today. Elevate your trading game with this powerful tool.
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hello i want to ask if you have you tried this ea on live account?happy trading! cheers
This EA tends to buy high sell low seems can not be profitable. Do you have any customized setting?
I've seen some decent results, especially when the market conditions are favorable.
What currency pairs and timeframes have you had the most success with?
Gods Gift EA v6c
This EA uses a combination of indicators and conditions to spot potential buy and sell opportunities in the forex market. It checks things like Stochastics, moving averages, and more to decide when to enter and exit trades. It can even trail your stop loss to lock in profits.
How this EA Works:
It looks at various indicators like Stochastics, moving averages, and custom indicators to make trading decisions.
It checks the time to make sure it's trading during the right hours.
When conditions align, it can either buy or sell.
It sets stop loss and take profit levels to manage risk.
It can trail your stop loss to secure profits as the trade moves in your favor.
Setting it Up:
Download the .mq4 file.
Open your MetaTrader 4 platform.
Go to "File" -> "Open Data Folder" -> "MQL4" -> "Experts" and place the .mq4 file there.
Restart MetaTrader 4.
Now, let's talk about some adjustable parameters (settings):
Adjustable Parameters:
MagicNumber: A unique identifier for your EA. It helps distinguish your trades from others if you have multiple instances running.
RiskFactor: This parameter controls the level of risk you're willing to take in your trades. A higher value increases the risk, while a lower value reduces it.
SignalMail: If set to True, it enables email notifications to alert you about trading signals. If set to False, email notifications are disabled.
EachTickMode: When set to True, the EA will run on each tick (price change). If set to False, it will run less frequently, which can reduce computational load.
Lots: Specifies the trading volume or lot size. This determines the size of each trade you take.
Slippage: Slippage is the maximum allowed difference between the requested price and the executed price for a trade.
StopLossMode: If set to True, it enables the use of Stop Loss, which is a predefined price level to limit potential losses.
StopLoss: This parameter sets the Stop Loss level in pips (price points). It determines how far the price can move against your position before the trade is closed to limit losses.
TakeProfitMode: If set to True, it enables the use of Take Profit, which is a predefined price level to lock in profits.
TakeProfit: This parameter sets the Take Profit level in pips. It determines how far the price needs to move in your favor before the trade is closed to secure profits.
TrailingStopMode: When set to True, it enables Trailing Stop, which adjusts the Stop Loss level automatically as the trade moves in your favor.
TrailingStop: The Trailing Stop parameter sets the distance in pips between the current price and the Stop Loss level. It's used to lock in profits as the price moves.
UseHourTrade: If set to True, it restricts trading to specific hours you define.
FromHourTrade: Specifies the start hour for trading when UseHourTrade is enabled.
ToHourTrade: Specifies the end hour for trading when UseHourTrade is enabled.
RequiredStochLevelSell: If set to True, it enables the use of the Stochastic indicator for selling decisions.
StochSell: The Stochastic level used for selling decisions.
RequiredStochLevelBuy: If set to True, it enables the use of the Stochastic indicator for buying decisions.
StochBuy: The Stochastic level used for buying decisions.
stochShort, stochMed, stochLong: Additional Stochastic levels for various conditions in the strategy.
ShortStochSellEntry, ShortStochBuyEntry: Stochastic levels used for entry into short (sell) and long (buy) positions.
ShortStochSellExit, ShortStochBuyExit: Stochastic levels used for exiting short (sell) and long (buy) positions.
MaxStochDiffMedvsLong: If set to True, it considers the maximum Stochastic difference between medium and long-term levels.
MaxStochDifference: The maximum allowed Stochastic difference for trading decisions.
EMAPeriod: The period for the Exponential Moving Average (EMA) used in the strategy.
Recommended settings and the strategy they are designed to implement:
Currency Pair: EUR/USD
The EA is optimized for trading the Euro/US Dollar currency pair, one of the most widely traded in the forex market.
Time Frame: 1-hour (H1)
The recommended time frame for analyzing price data and making trading decisions is 1 hour. This setting helps capture medium-term trends and reduces noise from shorter time frames.
MagicNumber: 0
A unique identifier for the EA's trades. Set to 0 for simplicity.
RiskFactor: 10
Controls the level of risk. Higher values mean higher risk per trade. A value of 10 implies a moderate level of risk.
SignalMail: False
Disables email notifications for trading signals.
EachTickMode: True
The EA will evaluate trading conditions on each tick (price change), providing more frequent trading opportunities.
Lots: 0.1
Specifies the trading volume. 0.1 lot size is a reasonable starting point for a $500 USD balance.
Slippage: 3
Maximum allowed slippage, ensuring that trades are executed close to the desired price.
StopLossMode: True
Enables the use of a Stop Loss for risk management.
StopLoss: 70
Sets the Stop Loss level at 70 pips from the entry price.
TakeProfitMode: True
Enables the use of a Take Profit to lock in profits.
TakeProfit: 150
Sets the Take Profit level at 150 pips from the entry price.
TrailingStopMode: True
Enables Trailing Stop, which follows the price to secure profits.
TrailingStop: 30
Sets the Trailing Stop at 30 pips.
UseHourTrade: True
The EA will consider specific trading hours.
FromHourTrade: 10
Starting trading hour is set to 10 (adjustable).
ToHourTrade: 10
Ending trading hour is also set to 10 (adjustable).
RequiredStochLevelSell: True
Enables the use of the Stochastic indicator for selling signals.
StochSell: 40
Sets the Stochastic level for selling at 40.
RequiredStochLevelBuy: True
Enables the use of the Stochastic indicator for buying signals.
StochBuy: 60
Sets the Stochastic level for buying at 60.
stochShort: 1
Short-term Stochastic setting (adjustable).
stochMed: 20
Medium-term Stochastic setting (adjustable).
stochLong: 50
Long-term Stochastic setting (adjustable).
ShortStochSellEntry: 80
Short Stochastic level for entering a sell trade at 80.
ShortStochBuyEntry: 20
Short Stochastic level for entering a buy trade at 20.
ShortStochSellExit: 10
Short Stochastic level for exiting a sell trade at 10.
ShortStochBuyExit: 90
Short Stochastic level for exiting a buy trade at 90.
MaxStochDiffMedvsLong: True
Enables a condition to check the difference between medium-term and long-term Stochastic levels.
MaxStochDifference: 8
Sets the maximum Stochastic difference at 8.
EMAPeriod: 40
Specifies the period for the Exponential Moving Average.
These settings are optimized for the EA's strategy, which combines various technical indicators and market conditions to make buying and selling decisions. Adjust these parameters to fine-tune the EA to your risk tolerance and trading preferences. It's important to backtest and monitor the EA before using it in a live trading.
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