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100 Pips v3.1.mq4 - A Reliable Forex Expert Advisor (EA)
Experience consistent gains with the 100 Pips Mod v3.1.mq4 Expert Advisor, a powerful Forex robot designed for optimal trading performance. This EA employs advanced algorithms to analyze market trends and execute precise trades, ensuring the potential for profitable outcomes.
Tested on reputable platforms such as LQDFX and FXOpen, this Forex EA is versatile and compatible with a wide range of brokers. Achieve your trading goals with the 100 Pips Mod v3.1.mq4, a reliable solution for navigating the dynamic Forex market. Download now and enhance your trading strategy with this efficient Expert Advisor.
100 pips v3.1.mq4 5.16 kb, 38 downloads since 2015-04-22
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Grab the 100 pips a day EA and download it with the recommended winning settings!
The strategy of this EA is relatively simple. It attempts to capture 100 pips of profit in a day by trading based on moving averages.
Here's how it works:
If the current closing price is below a 7-period simple moving average (SMA), and there are no open positions, it opens a long (buy) position.
If the current closing price is above a 6-period SMA, and there are no open positions, it opens a short (sell) position.
It uses trailing stops to protect profits and modify stop loss levels as the trade moves in the desired direction.
It calculates the lot size based on your account balance and risk settings.
Adjustable parameters:
Timeframe: You can choose a timeframe for the EA to operate on. The default is 5 minutes, but you can change it according to your preference.
Stop Loss: You can set the stop loss for your trades. The default is 1000 points (pips).
Long Take Profit: This is the take profit level for long (buy) trades, set at 20 pips by default.
Short Take Profit: This is the take profit level for short (sell) trades, set at 15 pips by default.
Long Trailing Stop: Trailing stop for long trades, set at 10 pips by default.
Short Trailing Stop: Trailing stop for short trades, also set at 10 pips by default.
Colors: You can customize the colors for various aspects of the EA, such as buy and sell indicators.
Name Expert: You can name the expert advisor here.
Slippage: Slippage is the maximum difference between the requested price and the actual price. It's set at 2 pips by default.
Use Sound: You can enable or disable sound alerts for this EA.
Name File Sound: If you choose to use sound alerts, you can specify the sound file.
Maximum Risk: This sets the maximum risk percentage of your account balance for each trade. The default is 0.02, which means 2% of your account balance.
Decrease Factor: If you experience multiple losses in a row, this factor allows you to decrease the lot size for subsequent trades. The default is 3.
Lot.Margin: This parameter is refers to the lot size calculation. It's set at 1000 by default.
Recommended settings:
Timeframe: 5
Stop Loss: 1000
Long Take Profit: 20
Short Take Profit: 15
Long Trailing Stop: 10
Short Trailing Stop: 10
Colors: Default (Blue, Aqua, Red, Violet, Blue, Red)
Name Expert: "100 pips"
Slippage: 2
Use Sound: True
Name File Sound: "shotgun.wav"
Maximum Risk: 0.02
Decrease Factor: 3
Lot.Margin: 1000
100 pips v3.1.mq4 5.16 kb, 1 downloads since 2023-11-09
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