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e-bay_clone_1v1-2.mq4 - Expert Advisor for Forex Trading
Enhance your trading experience with the e-bay_clone_1v1-2.mq4 Expert Advisor (EA), a powerful Forex robot designed for optimal performance. This EA operates seamlessly on various brokers, including LQDFX and FXOpen, ensuring flexibility for your trading preferences. Unlock the potential of automated trading with this reliable Forex EA, providing advanced strategies and consistent results. Elevate your trading strategy with the e-bay_clone_1v1-2.mq4 EA today.
ebay_cone.mq4 5.05 kb, 38 downloads since 2015-04-29
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raselpro wrote:
Here e-bay_clone_1v1-2.mq4 and its free forex robot. You can download, test it and let us know how work is for you.
We have tested many EA on Fxpro you can test with that broker also.
apakah ada penjelasannya ya gan darking tentang EA yg agan sahre ini
About ebay_cone.mq4
https://mt4talk.com/viewtopic.php?pid=17170#p17170
The EA employs a strategy based on Doji candlestick patterns.
The EA's strategy revolves around identifying Doji candlestick patterns on price charts. A Doji pattern occurs when the open and close prices are nearly identical, resulting in a small or non-existent body with long upper and lower shadows. This pattern represents market indecision.
After spotting a Doji, the EA checks the closing price of the candle immediately before the Doji. If the previous candle closed above the Doji's high, it suggests a bullish direction. Conversely, if the previous candle closed below the Doji's low, it indicates a bearish direction. This directional assessment helps it decide whether to go long (buy) or short (sell).
Once the direction is determined, the EA enters the trade at an optimal price. If the Doji indicates a bullish direction, it enters a buy trade, and if it's bearish, it enters a sell trade. This feature aims to get you into trades with a good chance of success.
The EA includes risk management to safeguard your trading account. You can adjust parameters like Lots, MaximumRisk, and DecreaseFactor to control the level of risk. It's important to set these parameters according to your risk tolerance and trading goals.
The EA is suitable for traders who want a simplified and systematic approach to Forex trading. Here are some scenarios where it can be particularly handy:
New Traders: If you're new to Forex trading, the EA can be a great starting point. It takes the guesswork out of trading by relying on a clear candlestick pattern, making it easier for beginners to understand and use effectively.
Trend Reversals: Doji candlesticks often appear at points where market sentiment might shift. The EA is well-suited for identifying potential trend reversals and profiting from them.
Intraday Trading: With the default settings, the EA is optimized for intraday trading. It can help you capture short-term price movements within a trading session.
Risk-Averse Trading: If you prefer a conservative approach to trading, you can adjust the risk settings to minimize potential losses. The MaximumRisk and DecreaseFactor parameters allow you to tailor the EA's risk management to your comfort level.
EUR/USD Pair: While the EA can be used with various currency pairs, it's particularly well-suited for EUR/USD due to its liquidity and popularity. Starting with this pair is a good idea for beginners.
1-Hour Time Frame (H1): The 1-hour time frame is a balanced choice that offers enough price data for accurate Doji pattern recognition without being too short-term. It provides a good compromise between accuracy and trade frequency.
Risk-Averse Traders: The risk management features of the EA make it appealing to traders who prioritize capital preservation and controlled risk.
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