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Bogie Hedgehog V3e Forex EA - Proven Results, Universal Compatibility!
Unleash the power of the Bogie Hedgehog V3e Expert Advisor (EA) for unparalleled trading precision. This Forex Robot optimizes trading strategies to maximize profits without the need for constant manual monitoring. Compatible with any broker, this EA has been rigorously tested on LQDFX and FXOpen, ensuring reliability across diverse trading environments. Elevate your trading experience with the Bogie Hedgehog V3e.mq4 file extension - your key to efficient and profitable forex trading.
bogie-hedgehog-v3e.mq4 27.17 kb, 32 downloads since 2015-04-29
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The Bogie-HedgeHog-v3e Expert Advisor focuses on a simple yet effective strategy based on moving averages and price action. It's suitable for traders who prefer a straightforward approach to trading.
https://mt4talk.com/viewtopic.php?pid=17203#p17203
This EA uses moving averages (MAs) to identify potential trading signals. It calculates two MAs: the current and previous. When the current MA crosses above the previous one, it generates a "BUY" signal, indicating a potential upward trend. Conversely, when the current MA crosses below the previous one, it generates a "SELL" signal, suggesting a potential downward trend.
The EA also checks for a price condition to confirm the signal. For a "BUY" signal, it confirms if the current ask price is below the previous close price (indicating a potential buying opportunity). For a "SELL" signal, it confirms if the current bid price is above the previous close price (indicating a potential selling opportunity).
The EA includes money management options. You can choose between fixed lot sizes or dynamic lot sizing based on your account balance and risk tolerance. It also allows you to set a maximum number of open orders, a stop loss, and a trailing stop.
You can customize the time frame on which the EA operates, from 1-minute to daily charts, depending on your preferred trading style.
The EA can manage multiple trades simultaneously.
Setting Up and Downloading:
Download the mq4 file for "Bogie-HedgeHog-v3e."
In your MT4 platform, click on "File" > "Open Data Folder."
Navigate to "MQL4" > "Experts."
Copy the downloaded mq4 file into the "Experts" folder.
Restart your MT4 platform.
Adjustable Parameters:
DaysOpen: This parameter sets the number of days the EA will keep trades open.
StopLoss2: It defines the maximum loss limit before closing trades.
step: The percentage change in price that triggers trades.
BarPeriod: Choose the timeframe for trade signals.
MATrendPeriod: The number of bars used for the moving average trend.
MA_Mode: Select the type of moving average (SMA, EMA, SMMA, or LWMA).
MA_Price: Choose the price used in the moving average calculation.
Lots: The initial lot size for trades.
multiply: Factor to increase lot size from the initial trade.
MaxTrades: Maximum number of open orders.
StopLoss: The maximum loss allowed for each trade.
TrailingStop: The distance in pips for trailing the stop loss.
mm: Enable (1) or disable (0) money management.
risk: Set the risk percentage for calculating lot size when money management is enabled.
When to Use:
Trend Following: This EA is suitable for traders who want to follow trends in the market. It can be used to identify and capitalize on potential upward or downward trends.
Simple Approach: If you prefer a straightforward trading strategy without the complexity of numerous indicators and parameters, this EA can be a good choice.
Risk Management: The EA's money management options allow you to control your risk by adjusting lot sizes and setting stop loss levels.
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