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Powerful Forex Robot - Bogie Hedgehog V4a EA for MT4
Discover the effectiveness of the Bogie Hedgehog V4a Expert Advisor (EA) for MetaTrader 4. This Forex Robot is designed to optimize trading strategies and enhance overall performance. Tested on brokers like LQDFX and FXOpen, it seamlessly adapts to any broker environment. Elevate your trading experience with this advanced EA - a reliable tool for maximizing your trading potential. Download the "bogie-hedgehog-v4a.mq4" file extension now and unlock new possibilities in the world of Forex trading.
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Thank you.
But do you have any simple description rules on how it works?
I am intrested.
Download this EA! Strategy & parameters explained + recommended setting!
Strategy Overview: The Bogie-HedgeHog-v4a EA is designed to operate in the ever-evolving Forex market, offering traders a valuable tool for their trading journey. Its strategy is centered around the concept of adapting to market conditions, allowing traders to make informed decisions.
Key Features:
DaysOpen and StopLoss2: The EA will close all trades when the predefined limits of DaysOpen and StopLoss2 are exceeded. This feature helps manage risk.
Customizable Parameters: The indicator allows traders to fine-tune various parameters, catering to individual trading preferences. Customization is a powerful aspect of this EA.
Moving Average Trend Analysis: The EA uses a moving average (MA) to analyze daily price data. You can set the MA period and choose from different MA types, such as SMA, EMA, SMMA, or LWMA.
Money Management: Traders can choose between fixed lot sizes or adjust lot size based on their account balance and risk tolerance. The 'AccountType' parameter lets you pick from normal, mini, or micro lots.
Market Orders: The EA can open market orders (buy or sell) based on specific conditions, taking advantage of market price movements.
Recommendations:
For those who prefer a more cautious approach, consider starting with a small lot size (e.g., 0.01) to minimize risk.
Experiment with different MA periods and types to find the settings that match your trading style. MATrendPeriod, MA_Mode, and MA_Price are your friends in this regard.
Adjust your risk management settings. The 'risk' parameter, when 'mm' is enabled, calculates the lot size based on your account balance and risk percentage.
Keep an eye on the 'DaysOpen' and 'StopLoss2' settings. These are essential for controlling your trades and avoiding excessive exposure.
Monitor the 'MaxTrades' parameter. It sets a cap on the number of orders to open, helping you maintain control over your trading activity.
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