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Cobra EA
Martingal sistem:
Buy limit/ Sell limit
Target Profit : 10% to more than 30% a Month
Cobra 1.1.rar 407.53 kb, 120 downloads since 2017-04-28
Dive into Cobra ver 1.1:
https://mt4talk.com/misc.php?action=pun … download=1
Cobra ver 1.1 primarily relies on a Moving Average (MA) indicator, which is like a trend-following compass. When the EA spots that the market is likely to go up, it sets up "Buy Limit" orders. Conversely, when it anticipates a downward trend, it places "Sell Limit" orders. These orders are like traps set at strategic points in the market to capture potential price movements.
It's got a dynamic lot size feature, meaning it adapts to your account balance and market conditions, ensuring you don't risk too much.
Cobra ver 1.1 also has some smart exit strategies. If your profits reach a certain level, it closes out your trades to secure your gains.
How to set it up:
Download the Cobra ver 1.1 mq4 or ex4 file from the provided source.
Open your MetaTrader 4 platform.
Navigate to 'File' -> 'Open Data Folder,' and then go to 'MQL4' -> 'Experts.' Drop the mq4 file here.
Restart your MetaTrader 4 platform.
Adjustable Parameters:
Dinamic_lot: This parameter controls the percentage of your account balance you're willing to risk on a trade. You can adjust it based on your risk tolerance.
lim_step: It determines the stop level for your limit orders. It's like setting a safety distance from the current market price.
lim_setup: This is the maximum number of limit orders that can be placed simultaneously. You can set it based on your trading strategy.
Op_step: It's the step for adjusting the opening price of limit orders. Think of it as fine-tuning the entry points.
period: This sets the period for the Moving Average. You can change it to adapt to different market conditions.
MagicNumber: It's like a unique ID for your trades, allowing the EA to manage them efficiently.
Cobra ver 1.1 is user-friendly and doesn't require you to be a trading expert. You can set it up and let it do the work for you.
Risk Management: It has a feature that adjusts the lot size (the amount you're trading) based on your account balance. This helps you manage risk, ensuring you don't bet too much on a single trade.
Smart Exits: The EA has built-in exit strategies. If your trades start making profits, it closes them at certain levels to secure your gains. This prevents you from getting too greedy or losing what you've earned.
Cobra ver 1.1 is user-friendly and doesn't require you to be a trading expert. You can set it up and let it do the work for you.
It has a feature that adjusts the lot size (the amount you're trading) based on your account balance. This helps you manage risk, ensuring you don't bet too much on a single trade.
The EA has built-in exit strategies. If your trades start making profits, it closes them at certain levels to secure your gains. This prevents you from getting too greedy or losing what you've earned.
In my opinion, Cobra ver 1.1 is a good EA for those who are new to Forex trading or prefer a more hands-off approach. Its strategy is straightforward and can help traders make informed decisions while managing risk.
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