FarhadCrab61.1.mq4 - Advanced Forex Expert Advisor (EA) for MT4

Explore the potential of FarhadCrab61.1.mq4, a powerful Forex Robot designed for MT4. This Expert Advisor (EA) employs sophisticated algorithms to navigate the dynamic forex market, making it an ideal choice for traders seeking automation. Tested on brokers like LQDFX and FXOpen, it seamlessly adapts to various trading environments. Enhance your trading strategy with this reliable Forex EA, unlocking new possibilities in your trading journey.

Hi Peter, yes, the lot sizes are only large now. They started at a normal size and grew with the account as the EA has built in money management.

A large margin is not required.

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In my experience, the FarhadCrab61.1 EA has proven to be efficient and user-friendly. It's a suitable choice for traders, whether you're a seasoned pro or just starting out in the forex world. I'd recommend giving it a try, especially if you're looking for an easy-to-use EA. Keep in mind that results may vary, but it's certainly worth testing.

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FarhadCrab61.1.mq4

FarhadCrab61.1.mq4 is designed to make trading decisions based on market conditions, manage risk through hedging and stop-loss mechanisms, and secure profits with trailing stops and account balance considerations.

How this EA works:

The EA starts by analyzing the market conditions on the 1-minute timeframe for the EURUSD currency pair.
The EA checks if the specified Take Profit values are greater than 1. If not, it displays a warning.
The EA looks at various market conditions to decide whether to enter a trade.
It checks if the long-term moving average (MA) is less than the current price (indicating a downward trend).
It also checks if the Relative Strength Index (RSI) is below 30 (indicating an oversold condition).
If the market conditions align (MA in a downward direction and RSI below 30), and there are no existing Buy positions, the EA triggers a Buy order.
It calculates the lot size based on your account balance and other factors.
It sets a dynamic Take Profit based on market conditions or a fixed Take Profit if the RSI is below 25.
If there's an existing Sell position (hedge) and no active Buy position, the EA opens a Buy order to hedge against potential losses.
If the market conditions favor a Sell trade (MA in an upward direction and RSI above 70), and there are no existing Sell positions, the EA triggers a Sell order.
Like with Buy orders, it calculates the lot size and sets a dynamic Take Profit or a fixed Take Profit depending on market conditions.
If there's an existing Buy position (hedge) and no active Sell position, the EA opens a Sell order to hedge against potential losses.
The EA continuously monitors open positions and adjusts the stop-loss (Trailing Stop) for Buy and Sell orders.
If the price moves in favor of the trade, the EA will trail the stop loss to lock in profits.
If your overall account is in profit, the EA closes all Buy and Sell positions to secure gains.
If any position is opened within 500 seconds of the EA's execution, it remains open to avoid unnecessary trading.
The EA implements a lot-sizing strategy based on your account balance, aiming to avoid excessive risk.
It checks if there's enough free margin to continue trading. If not, it stops trading.

Getting Started:

Download the mq4 file: First, get your hands on the FarhadCrab61.1 EA file.
Set it up: Install it on your MetaTrader 4 platform.

Adjust the parameters:

Customize the settings according to your preferences. Here's what you can tweak:

Take Profit (lTakeProfit, sTakeProfit, takeProfit, pr): Keep this in check, not more than 20.
Stop Loss (stopLoss): Set it if you want to limit potential losses.
Trailing Stop (lTrailingStop, sTrailingStop): A dynamic stop-loss that moves as your trade becomes profitable.
Magic EA Identifier (magicEA): Lets you run multiple EAs with different settings.
Slippage (Slippage): This deals with price execution differences.
EA Name (nameEA): Helps you identify this specific EA in your trades.

Optimal Settings for Winning Strategy:

For a winning strategy on EURUSD with a minimal balance and 1-minute timeframe, consider these settings:

Take Profit: 20 (for quick gains)
Stop Loss: 0 (no safety net)
Trailing Stop: 10 (to lock in profits)
Magic EA Identifier: 124 (for easy tracking)
Slippage: 3 (for smoother execution)

Remember, these settings are just a starting point. You can experiment and adjust them to suit your risk tolerance and trading style.

The EA is designed for quick action on EURUSD, so if you're into fast-paced trading, this EA could be your new best friend.

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