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Bogie V9 Pivot Forex EA - Proven Results, Consistent Profits
Unlock the power of the Bogie V9 Pivot Expert Advisor (EA), a reliable Forex robot designed for consistent performance. Tested on reputable brokers like LQDFX and FXOpen, this EA excels across various trading environments. Download the file 'bogie+v9-pivot.mq4' now for optimized trading strategies. Elevate your Forex experience with this versatile EA, ensuring success in your trading endeavors.
bogie+v9-pivot.mq4 6.94 kb, 34 downloads since 2015-04-28
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Let's talk about what makes this EA tick and discuss its potential in the dynamic world of Forex trading.
Money Management: This EA offers a nifty feature in the form of money management. You can choose between fixed lot sizes (if you're feeling traditional) or let the EA dynamically calculate the lot size based on your account equity and risk tolerance. This means you can fine-tune your risk management strategy.
Pivot Points: One of the standout elements is the use of pivot points. The robot calculates a pivot point based on the previous day's high, low, and close, combined with today's open. Pivot points can be invaluable for identifying potential reversal and breakout points.
Time-Based Trading: The EA provides an option to enter the market at specific times. You can set a starting hour and minute, allowing you to align your trades with key market openings, enhancing your chances of catching profitable moves.
Take Profit and Stop Loss: The robot incorporates a take profit and stop-loss mechanism. You can specify a trailing stop distance or disable it if that's your preference. These features are crucial for safeguarding profits and managing risk.
Trades Triggered by Price Gaps: It opens positions when a price gap occurs. This is particularly interesting as it indicates a strategy that capitalizes on price volatility and seeks to capture potential price movements after the market opens.
Risk Management: Risk is a crucial aspect of trading, and this EA takes it seriously. By setting the risk as a percentage of your account equity, you can maintain a consistent approach to risk across various trades.
Remember, the success of this strategy depends on your understanding and correct configuration of these parameters. It's not just about having the right tool; it's about knowing how to use it effectively.
In conclusion, this Forex robot appears to offer a solid strategy foundation, combining pivot points, time-based trading, and risk management. It's a versatile tool that could potentially enhance your trading performance.
bogie+v9-pivot.mq4 6.94 kb, file has never been downloaded.
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