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High-Performance Forex EA - 35x20 Buy7l200sl.mq4
Unlock the potential of your trading with our expert advisor, 35x20 Buy7l200sl.mq4. This forex robot is designed to optimize your trading experience, offering advanced features for enhanced performance. Tested on reputable brokers such as LQDFX and FXOpen, it seamlessly adapts to any broker, ensuring flexibility in your trading choices. Elevate your strategy with this powerful tool – your gateway to efficient and reliable trading. Download the EA now and experience the difference.
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Deciding on the best MetaTrader 4 expert advisor is a personal thing and you need to develop a trading strategy first.
Let's break the 35x20 Buy7l200sl EA down for you.
The 35x20 Buy7l200sl EA designed to help you make informed trading decisions based on Stochastic indicators. This EA can automatically open and manage trades for you, potentially maximizing your profit opportunities.
How this EA Works:
It analyzes the Stochastic indicator, which measures the momentum of price movements. It monitors key parameters like K_Period, D_Period, Slow_Period, and Stoch_TF. Based on these indicators, it decides whether to enter a Buy or Sell trade.
Setting it Up:
Download the provided mq4 file.
Open your MetaTrader 4 platform.
Go to 'File' -> 'Open Data Folder' -> 'MQL4' -> 'Experts' and paste the downloaded file there.
Restart your MetaTrader 4 platform.
Now, let's talk about the adjustable parameters to set up your winning strategy:
K_Period: The period setting for the %K line in the Stochastic oscillator.
D_Period: The period setting for the %D line in the Stochastic oscillator.
Slow_Period: The period setting for the slow Stochastic oscillator.
Stoch_TF: The timeframe used for Stochastic calculations.
H_level: The overbought level for the Stochastic oscillator. When the Stochastic indicator crosses above this level, it may be considered overbought.
L_level: The oversold level for the Stochastic oscillator. When the Stochastic indicator crosses below this level, it may be considered oversold.
ChooseLineMode: Allows you to choose between the main and signal line of the Stochastic indicator (1 for main, 2 for signal).
stochlinemode: Specifies the mode for the Stochastic indicator's line (1 for SMA, 2 for LWMA, 3 for EMA).
ChooseeMAMode: Allows you to choose the moving average type for the Stochastic indicator (1 for SMA, 2 for LWMA, 3 for EMA).
ChoosePriceMode: Specifies the price used in Stochastic calculations (0 for High/Low, 1 for Close/Close).
ExitWithSTOCH: When set to True, the EA will exit open positions when the Stochastic indicator generates another signal.
Lots: The initial lot size used for trading.
TakeProfit: The profit goal for the latest order opened.
MyMoneyProfitTarget: If set to True, the EA will close all orders and stop trading when a specified profit target is reached.
My_Money_Profit_Target: The target profit amount to trigger closing orders (used when MyMoneyProfitTarget is True).
multiply: A multiplier used for lot size adjustment.
MaxTrades: The maximum number of orders the EA can open.
Pips: The distance in pips between each order when multiple orders are opened.
StopLoss: The stop-loss level for orders.
TrailingStop: The trailing stop value in pips.
MM: Money management setting (enables lot size adjustment based on account size).
MMSwicth: Specifies whether money management is enabled (1 for enabled, 0 for disabled).
riskset: Risk setting for lot size calculation when money management is enabled.
risk: The risk percentage used for lot size calculation when money management is enabled.
accounttypes: Specifies the type of account (0 for Normal Lots, 1 for mini lots, 2 for micro lots).
MagicNumber: The magic number assigned to the orders placed by the EA.
SecureProfitProtection: When set to True, the EA will close orders if the total profit exceeds a specified threshold.
SecureProfit: The profit threshold for closing orders when SecureProfitProtection is True.
OrderstoProtect: The number of orders to enable account protection.
AllSymbolsProtect: If set to True, the EA will check profit from all symbols; if set to False, it will only consider the current symbol.
EquityProtection: When set to True, the EA will protect the account equity to the specified percentage.
AccountEquityPercentProtection: The percentage of account equity to protect when EquityProtection is True.
AccountMoneyProtection: If set to True, the EA will use money protection based on a specified USD value.
AccountMoneyProtectionValue: The USD value used for money protection when AccountMoneyProtection is True.
UseHourTrade: If set to True, the EA will only open orders within a specified time range.
FromHourTrade: The starting hour for trading if UseHourTrade is enabled.
ToHourTrade: The ending hour for trading if UseHourTrade is enabled.
UseTradingHours: If set to True, the EA will only trade during specified trading hours.
TradeAsianMarket: If True, the EA will trade during Asian market hours.
StartHour1: The start time for trading during Asian market hours.
StopHour1: The stop time for trading during Asian market hours.
TradeEuropeanMarket: If True, the EA will trade during European market hours.
StartHour2: The start time for trading during European market hours.
StopHour2: The stop time for trading during European market hours.
TradeNewYorkMarket: If True, the EA will trade.
K_Period: 14
D_Period: 3
Slow_Period: 3
Stoch_TF: 60
H_level: 80
L_level: 20
ChooseLineMode: 1
stochlinemode: 1
ChooseeMAMode: 1
ChoosePriceMode: 1
ExitWithSTOCH: True
Lots: 0.1
TakeProfit: 30
MyMoneyProfitTarget: False
My_Money_Profit_Target: 100
multiply: 1
MaxTrades: 5
Pips: 10
StopLoss: 20
TrailingStop: 10
MM: True
MMSwicth: 1
riskset: 1
risk: 2
accounttypes: 0
MagicNumber: 12345
SecureProfitProtection: True
SecureProfit: 50
OrderstoProtect: 3
AllSymbolsProtect: False
EquityProtection: True
AccountEquityPercentProtection: 10
AccountMoneyProtection: False
AccountMoneyProtectionValue: 1000
UseHourTrade: False
FromHourTrade: 0
ToHourTrade: 0
UseTradingHours: False
TradeAsianMarket: False
StartHour1: 0
StopHour1: 0
TradeEuropeanMarket: False
StartHour2: 0
StopHour2: 0
TradeNewYorkMarket: False
Optimal Settings for Winning Strategy:
Currency Pair: EUR/USD
Minimal Balance: $1,000
Time Frame: 1-hour (H1)
The EA works best on the EUR/USD pair with a minimum balance of $1,000, using a 1-hour time frame (H1). Stick to these settings to increase your chances of success.
Remember, it's important to have a solid understanding of Forex trading and risk management before using any trading tool.
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