Optimize Your Trading with EveryBar TMagic Ron_v07a Forex EA

Enhance your trading experience with the EveryBar TMagic Ron_v07a Expert Advisor (EA). This powerful Forex Robot is designed to bring efficiency and precision to your trades. Tested on popular brokers such as LQDFX and FXOpen, this EA seamlessly integrates with any broker for a versatile trading experience.

Unlock the potential of automated trading with EveryBar TMagic Ron_v07a EA. Maximize profits and minimize risks with this reliable Forex EA. Download the "everybar_tmagic_ron_v07a.mq4" file now and elevate your trading strategy.

according to whether it is necessary ya agan on trial in a smaller TF in order to be more aggressive

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raselpro wrote:

Here is everybar tmagic ron_v07a .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.

 EAs that handle it well.

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EveryBar TMagic Ron_v07a Forex EA

https://mt4talk.com/misc.php?action=pun … download=1

This EA uses the Commodity Channel Index (CCI) to spot great trading opportunities. The CCI helps us find when the market is super overbought or seriously oversold.
When the CCI goes above 95, it's a sign that the market is overbought, and we might want to consider selling.
If the CCI falls below a certain threshold, it suggests the market is oversold, and we could think about buying.
The EA can also close trades if market conditions change with the CloseOnChange feature.
To get started, download the mq4 file and add it to your MetaTrader 4 platform.

Then, configure these settings:

Lots: This parameter allows you to set the size of each trade. It determines how much of a currency pair you're buying or selling in each trade. Adjusting this value lets you control the trade's size and potential risk.
ProfitMade: ProfitMade is used to track the profitability of your trades. It allows you to monitor the profits generated by the EA as it executes trades. This parameter can help you keep a close eye on your trading performance.
LossLimit: LossLimit sets a maximum limit on the potential losses that the EA can incur in a trade. It's a risk management tool that helps you control your downside risk. If the losses reach this limit, the EA may close the trade to prevent further losses.
BasketProfit: BasketProfit manages profits for a group of trades. It's useful for traders who engage in basket trading, where multiple trades are grouped together and managed collectively. This parameter helps you specify when the combined profits of your trades should trigger actions.
BasketLoss: Similar to BasketProfit, BasketLoss is used to control losses for a group of trades. It sets a limit on the total losses allowed for a basket of trades. If the combined losses reach this limit, the EA may take action to minimize further losses.
BasketTrail: BasketTrail introduces a trailing stop for a group of trades. A trailing stop is a dynamic stop-loss that adjusts as the trade moves in your favor. This parameter lets you set how closely the trailing stop follows the market price.
Slippage: Slippage is the allowed deviation between the expected price at which a trade is executed and the actual price at which it gets filled in the market. It helps you manage the potential impact of price fluctuations during trade execution.
MagicNumber: The Magic Number is a unique identifier assigned to each trade. It's essential when you're running multiple EAs or manual trades on the same trading account. The Magic Number helps the EA distinguish its own trades from others to prevent conflicts.

Optimal settings for winning strategy:

Currency Pair: EUR/USD
Minimal Balance: $1,000
Time Frame: 1-hour chart
You can also try different settings with other currency pairs and time frames.

In my opinion, this EA is best suited for traders who have a good understanding of technical analysis and are comfortable with the risks associated with trading based on overbought and oversold market conditions. It can be particularly effective when used on currency pairs like EUR/USD and on a 1-hour time frame. However, traders should be cautious and perform thorough backtesting before using this EA.

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