Try the robots at https://mt4talk.com/viewforum.php?id=236

Share

Facebook Twitter Print Pinterest Gmail Email App

The Hardprofit EA focuses on breakout and trend trading, aiming to buy when the price breaks above certain levels and sell when it breaks below. This EA also comes with money management features to help you control risk and maximize your potential gains.

How this EA works:

It identifies potential breakout points in the market based on a specified period.
It evaluates the trend by calculating moving averages.
When the conditions are right (breakout and trend alignment), it triggers buy or sell signals.
The EA comes with various adjustable parameters, allowing you to customize your trading strategy.
Now, let's get you started on using this awesome tool:

Getting Started:

Download the "hardprofit.mq4" file.
Install it in your MetaTrader 4 platform.
Set up the EA with your preferred settings (see below).

Adjustable Parameters:

Breakout Period: Set the period for breakout detection.
Trend Period: Choose the period for trend analysis.
Only Short: Enable if you want to trade only in a bearish market.
Only Long: Enable if you want to trade only in a bullish market.
Stop Loss: Set your desired stop loss level.
Break Even: Define the break-even point.
Partial Take Profits: Customize partial profit-taking levels.
Take Profit: Set your overall take profit level.
Slippage: Define the allowable slippage.
Max Spread: Limit the maximum spread for trading.
Magic Number: Assign a unique identifier for your trades.
Money Management Type: Choose from fixed, geometrical, proportional, smart, or TSSF.
Lots: Specify your trading lot size.
Decrease Factor: Adjust the factor for lot size reduction.
TSSF Triggers: Set triggers for dynamic lot sizing.
Last X Trades: Determine the number of trades to consider for calculations.
Debug Mode: Enable for debugging information.

Optimal Settings:

Currency Pair: EUR/USD
Minimum Balance: $1,000
Time Frame: 1-Hour
Breakout Period: 1 (Keep it at 1 for the 1-hour time frame for precise breakout detection.)
Trend Period: 3 (This setting works well for capturing short to medium-term trends.)
Only Short: Disabled (Set to 'false' to allow both buy and sell signals.)
Only Long: Disabled (Set to 'false' to allow both buy and sell signals.)
MaxTradesPerBar: 1 (Limit the number of trades per candle to prevent overtrading.)
Stop Loss: 40 pips (Use this as your safety net to limit potential losses.)
Break Even: 30 pips (Protect your profits by setting a break-even point.)
SeuilSL: 330 (Increase the stop loss when the specified threshold is reached to reduce Array.)
Partial Take Profit 1: 55 pips (Take partial profits at this level if you wish.)
Partial Ratio 1: 30% (Close 30% of your position at Partial Take Profit 1.)
Partial Take Profit 2: 110 pips (Another option for partial profit-taking.)
Partial Ratio 2: 70% (Close 70% of your position at Partial Take Profit 2.)
Take Profit: 150 pips (Set your overall profit target.)
Slippage: 30 pips (Allow for a small price variation when executing trades.)
Max Spread: 22 pips (Avoid trading if the spread is wider than this.)
Magic Number: 12387 (Assign a unique identifier for your trades.)
Money Management Type: 3 (Proportional Risk - Based on your account equity.)
Lots: Automatically calculated based on your account equity and risk.
Last X Trades: 10 (Consider the last 10 trades for money management calculations.)
Decrease Factor: 2 (Reduce lot size after consecutive losses.)
TSSF Trigger 1: 1 (For dynamic lot sizing, consider this trigger.)
TSSF Ratio 1: 50% (Set the corresponding ratio for TSSF Trigger 1.)
TSSF Trigger 2: 2 (Another trigger for dynamic lot sizing.)
TSSF Ratio 2: 75% (Set the corresponding ratio for TSSF Trigger 2.)
TSSF Trigger 3: 3 (A third trigger for dynamic lot sizing.)
TSSF Ratio 3: 100% (Set the corresponding ratio for TSSF Trigger 3.)
Debug Mode: Disabled (Set to 'false' unless you want detailed debugging information.)

These settings are optimized for trading the EUR/USD currency pair on a 1-hour time frame with a minimum balance of $1,000. However, please remember that forex trading carries risks, and it's essential to monitor your trades and adapt your settings as market conditions change.

Share

Facebook Twitter Print Pinterest Gmail Email App