a_informer.mq4 - Expert Advisor for Forex Trading

It places Stop Loss and Take Profit at the specified distance. Displays the current status of open orders. For closing of the order it is enough to select and move the label to the left.
In the settings you can set stop loss and take profit levels, trading pair,

if we use this software m5 chart then place 4 pips take place and 10 pips stop loss ths is i think good

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Hello raselpro, and thanks for introducing us to the "a_informer" EA. The functionality you described, where it can place Stop Loss and Take Profit at specified distances and display the current status of open orders, sounds very convenient. The ability to close an order by selecting and moving the label is a user-friendly feature that can save time especially in fast-paced markets.

Now, regarding alihussan's suggestion about using a 4-pip Take Profit and a 10-pip Stop Loss on an M5 chart, it's important to consider the specific trading strategy you're using. Those levels might be suitable for scalping or short-term trades, but it's important to align your settings with your overall trading approach and risk tolerance.

Everybody has varying strategies, timeframes, and risk management rules, so it's not a one-size-fits-all situation.

As a trader, I appreciate the flexibility of this EA, allowing us to customize our Stop Loss and Take Profit levels.

Does anyone else have suggestions for optimal settings with the "a_informer" EA, or perhaps some experiences to share?

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a_informer Expert Advisor!

Here's what you need to know:

This EA is all about automating your trades on the MetaTrader 4 platform. The EA helps you manage your trades efficiently by setting stop loss (SL) and take profit (TP) levels. Plus, it provides real-time profit updates on your chart.

How this EA works:

The EA constantly monitors the forex market, particularly the currency pair you've chosen (e.g., EURUSD). It watches for potential trading opportunities. When the EA identifies a favorable setup, it automatically opens a trade for you. No need for you to manually place orders; it's all done by the EA.

Once the trade is open, the EA quickly sets two crucial levels:

Stop Loss (SL): This is like your safety net. It's the price level at which the EA will automatically sell your trade if it starts moving against you. This helps limit potential losses.
Take Profit (TP): Think of TP as your profit goal. It's the price level at which the EA will automatically close the trade, securing your profits. You set this to lock in gains when the market moves in your favor.

As the trade progresses, the EA keeps a constant eye on it. It tracks the market's every move and makes sure that your SL and TP levels are always in place.

Here's the exciting part, the EA displays your profits right on your trading chart in real-time. Green numbers mean you're winning, while red indicates a loss. It's all there for you to see and celebrate.

If market conditions change, the EA can adjust your SL and TP levels accordingly to maximize profits and minimize losses.

Once your trade hits the TP level, the EA automatically closes the trade. This ensures that you lock in your profits and don't get greedy. Similarly, if the market goes against you and reaches the SL level, the EA will close the trade to limit your losses.

The EA doesn't stop after one trade. It repeats this process over and over, scanning the market, opening trades, and managing them to help you potentially grow your account.

Get Started:

Download the "a_informer.mq4" file.
Open your MetaTrader 4 platform.
Go to "File" > "Open Data Folder."
Open the "MQL4" folder and then the "Experts" folder.
Paste the downloaded "a_informer.mq4" file here.
Restart MetaTrader 4.

Now, let's talk settings. Here's what you can adjust:

Stop: This parameter determines the stop level (in points) for executing the EA.
Take: It sets the take profit level (in points) for executing the EA.
Symbol: This parameter allows you to specify the currency pair you want the EA to trade. By default, it's set to "EURUSD," but you can customize it for your preferred currency pair.
Lot Decimals: You can adjust the number of decimal places for the lot size used in trading.
PPR: This parameter is for setting a value related to trading (customizable).

These adjustable parameters give you the flexibility to tailor the EA's behavior to match your trading preferences and strategy. Remember to choose these settings wisely, as they can significantly impact your trading outcomes.

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