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10points3 Forex Robot - Proven Expert Advisor for MT4
Unlock the potential of your trading with the 10points3~.mq4 Forex Robot, a reliable Expert Advisor (EA) designed for MT4. This powerful Forex EA is meticulously crafted to optimize your trading strategies, providing consistent performance across various market conditions.
Experience the efficiency of automated trading with the 10points3~.mq4 EA, a versatile tool suitable for any broker, including LQDFX and FXOpen. Enhance your trading portfolio and explore new possibilities in the dynamic world of Forex. Download and deploy this EA today to elevate your trading experience.
+adr (all_pairs).mq4 8.67 kb, 37 downloads since 2015-04-27
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Settings: This EA operates based on the Average Daily Range (ADR) concept. It cleverly calculates the ADR for multiple time periods, including 1 day, 5 days, 10 days, 20 days, and even 60 days. You can customize the "Risk_to_Reward_ratio" parameter to adapt it to your risk appetite and trading style. This parameter helps determine stop loss levels, which is a critical component of risk management in any strategy.
Pairs: This EA can be used with a wide range of currency pairs. Its flexibility makes it suitable for major, minor, and even exotic pairs. You're not confined to specific pairs, so feel free to pick those you're most comfortable trading.
Timeframes: The EA primarily focuses on the Daily (D1) timeframe for calculating the Average Daily Range. However, it can be a valuable addition to various trading strategies that use multiple timeframes. You might find it beneficial when aligning the Daily ADR with your preferred intraday timeframes.
Strategy: The strategy behind this EA hinges on the concept of Average Daily Range. It gauges the average price movement within a day, helping you determine potential profit targets and stop loss levels.
Here's how it works:
1. The EA calculates the ADR for different periods.
2. It then sets stop loss levels based on a fraction (1/2 or 3/4) of the ADR, allowing you to manage risk more effectively.
3. These stop loss levels are ideal for traders who follow a risk-to-reward ratio of 3:1.
+adr (all_pairs).mq4 8.67 kb, file has never been downloaded.
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