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Optimize Your Trading with the Bogie Hedgehog V3B Forex EA
Unlock the potential of your trading strategy with the Bogie Hedgehog V3B Expert Advisor (EA). This Forex Robot is designed to enhance your trading experience by providing automated solutions for better results. Tested on LQDFX and FXOpen, this versatile EA is compatible with any broker. Elevate your trading game with the Bogie Hedgehog V3B.mq4 file extension - your key to efficient and effective trading.
bogie-hedgehog-v3b.mq4 26.42 kb, 30 downloads since 2015-05-01
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I've seen some wins with this EA, but it's essential to keep an eye on it and adjust parameters if needed. Forex market conditions can change quickly, so it's wise to monitor your trades and intervene when necessary.
An advice of mine: Use proper risk management, and don't just go all-in. Start with a demo account to get a feel for how it operates. That way, you can maximize the learning curve and avoid unnecessary losses.
This EA is called Bogie-HedgeHog-v3b.
How this EA Works:
The EA keeps an eye on the daily price movements (D1) of your chosen currency pairs.
This EA uses two daily moving averages to spot trends. When the shorter moving average crosses above the longer one, it's a "BUY" signal. And when it crosses below, it's a "SELL" signal.
Once a signal is triggered, the EA waits for the perfect entry point. It won't jump in too early.
The EA has a built-in money management system. You can set your risk level, and it calculates the optimal lot size for each trade. Plus, it can adjust your lot size based on your account balance.
You can set your stop loss and take profit levels to manage your risk and lock in profits automatically. No need to babysit your trades!
If you want to let your profits run, the EA can also trail your stop loss, so you don't miss out on potential gains.
Each EA instance has a unique "magic number" to help you keep track of your trades.
If you're using this EA in a backtest or a demo, it can record important trade data for you, making it easier to analyze your performance.
Now, let's set up this EA for success:
EA Setup:
Download the EA: First, download the "Bogie-HedgeHog-v3b" EA file (mq4) to your MetaTrader 4 platform.
Adjust Parameters:
Here are the adjustable parameters you can configure:
DaysOpen: Set how many days the EA should keep trades open.
StopLoss2: Determine when the EA closes trades based on stop loss limits.
step: Set the percentage price change needed to execute trades.
BarPeriod: Choose your preferred time frame (e.g., H1, H4, D1).
MATrendPeriod: Define the number of bars for daily moving averages.
MA_Mode and MA_Price: Customize moving average types and prices.
Lots: Start with this lot size for your trades.
multiply: Factor to increase lot size for subsequent trades.
MaxTrades: Limit the maximum number of open orders.
StopLoss and TrailingStop: Set stop loss and trailing stop values.
MM and MMSwitch: Enable or disable money management.
riskset and risk: Define the risk percentage for lot size calculation.
AccountType: Choose account type (Normal, Mini, Micro).
BrokerIsIBFX and BrokerPermitsFractionalLots: Broker-specific settings.
MagicNumber: Assign a unique identifier to your EA instance.
RecordData: Enable recording of trade open time and MaxDD.
BacktestSpread: Adjust backtest spread for accurate results.
ArrowsColor: Choose the color for order arrows.
Optimal Settings: For the winning strategy, consider these settings:
Currency Pair: Choose a major or popular currency pair (e.g., EUR/USD).
Minimal Balance: Start with a moderate balance to manage risk effectively.
Time Frame: Stick to the daily (D1) time frame for reliable signals.
Remember to test it on a demo account first and monitor its performance. Trade smart, and let the EA do the heavy lifting for you.
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