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Calpex03All_ver24_210 Expert Advisor for Forex Trading
Experience automated trading with the Calpex03All_ver24_210 Forex Robot, a powerful Expert Advisor (EA) designed to optimize your trading strategy. This EA operates seamlessly on various brokers, including LQDFX and FXOpen, ensuring flexibility for your trading preferences. Elevate your trading game with the efficiency and precision of Calpex03All_ver24_210.mq4. Download now for enhanced Forex trading results.
scalpexp03all_ver24_210.mq4 13.69 kb, 52 downloads since 2015-04-19
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This Scalpexp03all_ver24_210.mq4 Forex EA is to conduct short-term trades within the Forex market.
This EA is mainly tailored for the M15 timeframe, which means it evaluates and makes trading decisions based on 15-minute price data.
The Approach:
Scalpexp03all_ver24_210.mq4 employs a specific strategy to identify short-term price fluctuations in the Forex market and take advantage of them.
It uses a modified MiniMax method to determine trading parameters. It calculates the maximum high (MaxH) and minimum low (MinL) over a defined period (set by the 'per' input parameter). Then, it establishes a midpoint (MidLine) between these high and low points.
The EA aims to profit from price movements around this MidLine.
It sets a Take Profit level ('TakeProfit') and a Stop Loss level ('StopLoss') for each trade.
The lot size for each trade can be adjusted using the 'Lots' input parameter.
There is also an option to use a trailing stop, which adjusts the Stop Loss level as a trade moves in a profitable direction.
Getting Started:
To utilize this EA, you should install it on your MetaTrader 4 platform.
Configure the input parameters, such as 'TakeProfit,' 'StopLoss,' 'Lots,' 'TrailingStop,' and others, to match your trading preferences.
The EA monitors specific price conditions around the MidLine, and when these conditions are met, it opens Buy or Sell orders.
It also applies trailing stops to manage trades when they start to show a profit.
This EA is tailored for scalping, which means it seeks to make quick, small profits from price movements.
The effectiveness of this EA depends on several factors, including the currency pairs you trade, market conditions, and the settings you choose.
scalpexp03all_ver24_210.mq4 13.69 kb, 5 downloads since 2023-11-07
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