Print
Pinterest
Gmail
Email App
Pinterest
Pinterest
Pinterest
Pinterest
Log in or register to download unlimited Forex robots!
price action ea
try this price action ea and show us your great resuts >>> Enjoyyyyyy
price_action_trader.mq4 10.13 kb, 56 downloads since 2017-04-07
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
sorry I do not see the file of the ea i had attached i will try to upload it again
price_action_trader.mq4 10.13 kb, 16 downloads since 2017-04-07
we need backtests please, and what TF? Pairs? is it a scalper? i d like to know
thanks
Jeff
This EA operates on the MetaTrader 4 (MT4) platform, and it's not tied to a specific time frame or currency pair. That's one of its strengths; it provides flexibility to adapt to various market conditions. In terms of its strategy, it's not a scalper in the traditional sense, but it does aim to capture smaller price movements.
Here's a high-level overview of how it works:
Fixed Lot Size: The EA starts with a predefined lot size (0.01 in this case).
Distance Between Orders: It places orders at a certain distance from the current market price (200 pips away). This keeps things spaced out and reduces the risk of overtrading.
Secure Stop Loss: After an order is placed and the market moves in a favorable direction (45 pips in this case), it locks in profits by setting a protective stop loss (sl) closer to the current price (30 pips). This helps secure gains and minimize potential losses.
Profit Target: The EA also has a profit target, which, when reached, closes all open orders and starts anew. In this case, it's set at $5.
Magic Number: The EA uses a unique identifier (magic number) to distinguish its orders from other EAs or manual trades.
Basket Dollars: It keeps track of the total profit/loss of all open orders (sell and buy) and compares it to the predefined basket dollars ($5). When the target is met, it closes all orders.
Customizable Parameters: The EA provides customization options, so you can fine-tune these settings to match your risk tolerance and trading style.
price_action_trader.mq4 10.13 kb, 8 downloads since 2023-11-07
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.