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100 Pips EA - Powerful Forex Robot for Consistent Profits
Unlock the potential of your trading with the 100 Pips EA.mq4, an expert advisor designed to optimize your Forex experience. This Forex robot combines advanced algorithms and strategic analysis to deliver consistent results, making it an invaluable addition to your trading arsenal.
With the 100 Pips EA, you can automate your trading strategy and capitalize on market opportunities 24/5. This EA has been rigorously tested on brokers like LQDFX and FXOpen, ensuring compatibility with a range of platforms. However, its versatility extends beyond these tested brokers, making it suitable for use with any other broker of your choice.
Experience the efficiency of an expert advisor that prioritizes performance without the need for ownership claims. Elevate your trading game with the 100 Pips EA.mq4, your key to unlocking profitable trades in the dynamic world of Forex.
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Image of the EA
100 pips EA.mq4 4.34 kb, 40 downloads since 2015-04-19
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This Expert Advisor, 100 pips a day, follows a strategy that aims to capture 100 pips (price movement points) a day. It uses a combination of moving averages and price action to make trading decisions. It has settings that allow you to configure various parameters, including take profit levels, trailing stops, colors for different actions, and more.
Setting It Up:
Download and install MetaTrader 4.
Open the platform and go to the "File" menu, then select "Open Data Folder."
In the "MQL4" folder, create a new folder called "Experts" and place the EA code in that folder.
Restart MetaTrader 4 to load the EA.
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The EA's strategy is based on the following principles:Take Profit Levels: You can set the take profit levels for both long (buy) and short (sell) positions. In the code provided, the default values are 31 pips for buy positions and 35 pips for sell positions.
Trailing Stop: The EA implements a trailing stop strategy. When a trade is in profit, it will adjust the stop-loss level to lock in gains as the price moves in the desired direction.
Moving Averages: It uses moving averages to determine trade entry points. For buy positions, it checks if the current close price is below a short-term moving average (diClose0 < diMA1). For sell positions, it checks if the close price is above another short-term moving average (diClose2 > diMA3).
Money Management: The EA checks if there's enough free margin in the trading account to open a trade. If not, it won't open any new positions.
Sound Alerts: You can configure the EA to play a sound when it takes a trading action.How to Use It:
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Set the parameters to your desired values. The code includes options for adjusting the take profit, trailing stop, lot size, and more.
Attach the EA to a chart of the currency pair you want to trade.
Ensure that automated trading is enabled on your MetaTrader platform.
The EA will execute buy and sell orders based on its strategy.
100 pips EA.mq4 4.34 kb, 7 downloads since 2023-11-06
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