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EMA_CROSS-2 Forex Robot: Expert Advisor for MT4 Trading
Experience automated trading with the EMA_CROSS-2 Forex Robot, a powerful Expert Advisor (EA) designed for MetaTrader 4. This Forex EA utilizes advanced algorithms to identify profitable trading opportunities based on exponential moving average crossovers. Tested on reputable brokers like LQDFX and FXOpen, this EA ensures optimal performance across various trading environments. Enhance your trading strategy with the EMA_CROSS-2.mq4 file extension and take advantage of its versatility on any MT4-compatible broker. Elevate your trading experience with this reliable and efficient Forex Robot.
EMA_CROSS_2.mq4 17.05 kb, 27 downloads since 2015-04-28
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The Expert Advisor (EA) implements a robust trading strategy based on the crossover of two Exponential Moving Averages (EMAs). This powerful Forex robot is designed to optimize your trading experience. Here's how the strategy works:
- Moving Averages: The EA relies on two EMAs, a short EMA, and a long EMA. You have the flexibility to customize the EMA periods using the ShortEma and LongEma parameters to suit your trading preferences.
- Buy Signal: When the short EMA crosses above the long EMA, it generates a compelling buy signal. This indicates a potential upward trend in the market, and the EA will consider opening a long position to capture potential gains.
- Sell Signal: Conversely, when the short EMA crosses below the long EMA, it triggers a strong sell signal. This suggests a possible downward trend, and the EA may initiate a short position to profit from market declines.
- Take Profit and Stop Loss: You have precise control over your trades with the ability to set specific levels for taking profits and limiting losses. Use the TakeProfit and StopLoss parameters to define your desired profit targets and risk management thresholds.
- Trailing Stop: The EA incorporates a dynamic trailing stop feature, which is essential for locking in profits as the market moves in your favor. The TrailingStopType parameter allows you to select your preferred trailing stop method for maximizing returns.
- Money Management: Tailor your risk management strategy with the option to enable or disable money management controls. When activated, the EA calculates the position size based on a percentage of your equity, as specified by the TradeSizePercent parameter. This safeguards your capital by dynamically adjusting position sizes according to your account balance.
- EMA Angle Confirmation: The strategy employs EMA angle confirmation to validate trade signals, ensuring a higher probability of success. The UseEMAAngle and AngleTreshold parameters enable you to fine-tune this aspect of the strategy.
- Exit on Reverse Signal: The EA offers the choice to exit trades when there's a reverse EMA crossover or cross signal. This additional filter can enhance your trading strategy by helping you avoid potential losses in the event of a trend reversal.
This comprehensive trading strategy is designed to identify and capitalize on market trends with precision. The EMAs play a pivotal role in determining the prevailing market direction, allowing you to execute well-informed trades. The ability to configure stop loss, take profit levels, and employ trailing stops adds a crucial layer of risk management to your trading approach, increasing your potential for profit.
EMA_CROSS_2.mq4 17.05 kb, file has never been downloaded.
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