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JK_BullP_AutoTrader2.mq4 - Powerful Forex Expert Advisor (EA)
The Expert Adviser JK_BullP_AutoTrader is built on Bulls Power indicator. The Expert Adviser is used on H1 timeframe. It was tested on "Every ticks" model. its very powerful and automatic trading system..
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JK_BullP_AutoTrader2.mq4 4.01 kb, 48 downloads since 2015-01-13
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The Expert Adviser JK_BullP_AutoTrader is built on Bulls Power indicator. The Expert Adviser is used on H1 timeframe. It was tested on "Every ticks" model. its very powerful and automatic trading system..
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I see your post about JK_BullP_AutoTrader EA for MT4. This EA, is made with the Bulls Power indicator. This indicator helps to find out the strength of buyers in the market.
It works on the H1 timeframe, which means it looks at one-hour price changes. That's kinda short-term trading.
The EA was tested using the "Every ticks" model. This means it's been carefully tested on all the little price movements, making sure it works well.
People say it's very strong and does trading automatically. It uses the Bulls Power indicator to make decisions and tries to find good trading chances.
JK BullP AutoTrader2 EA
The JK BullP AutoTrader2 helps you make informed trading decisions without the need for constant monitoring. This Expert Advisor (EA) uses the Bulls Power and Bears Power indicators to identify potential buying and selling opportunities. When the conditions are right, it automatically executes trades for you.
How this EA Works:
The EA calculates the Bulls Power and Bears Power indicators based on the last two closing prices.
It scans your open orders and checks if any adjustments are needed, like trailing stops.
If the Bulls Power is greater than the Bears Power and both are positive, it suggests a SELL trade.
If the Bears Power is negative, it suggests a BUY trade.
It automatically sets stop loss and take profit levels based on your input parameters.
Setting Up the JK BullP AutoTrader2:
To get started, follow these steps:
Download the "JK_BullP_AutoTrader2.mq4" file.
Place the file in the "Experts" folder of your MetaTrader 4 platform.
Restart or refresh your MetaTrader 4 platform.
Attach the EA to a chart of your desired currency pair and time frame.
Adjust the following parameters to your preference:
TakeProfit: 500
Lots: 8.5
StopLoss: 20
TrailingStop: 10
Patr: 1
Prange: 1
Kstop: 0.1
kts: 2
Vts: 2
Suggested Settings: For optimal performance, consider the following:
Currency Pair: EUR/USD
Minimum Balance: $1,000
Time Frame: H1 (1-hour chart)
TakeProfit: This parameter represents the desired profit level at which the EA will close a trade.
Lots: The "Lots" parameter determines the size of your trading position, specifying how many lots you want to trade.
StopLoss: This parameter sets the maximum loss you're willing to tolerate for each trade.
TrailingStop: It defines the distance at which the stop loss will follow the market price when activated.
Patr: An advanced setting used to fine-tune the strategy. The specific function of this parameter may require additional context from the EA's documentation or the developer.
Prange: Similar to "Patr," this parameter likely serves an advanced function within the strategy.
Kstop: Another advanced setting that plays a role in optimizing the EA's trading behavior.
kts: This parameter is likely an advanced setting related to trailing stops.
Vts: Like the other advanced parameters, "Vts" likely has a specific function within the EA's strategy.
Strategy Settings:
TakeProfit: The desired profit level to close a trade.
Lots: The size of your trading position.
StopLoss: The maximum loss you're willing to tolerate.
TrailingStop: The distance at which the stop loss follows the market.
Patr, Prange, Kstop, kts, Vts: Advanced settings for fine-tuning your strategy.
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