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100 Pips Mod.mq4 - Powerful Forex EA for Consistent Profits
Experience the excellence of the 100 Pips Mod.mq4 expert advisor, a robust Forex robot designed for optimal trading performance. This EA boasts a proven track record of generating consistent profits in various market conditions. Tested on reputable platforms like LQDFX and FXOpen, it seamlessly adapts to any broker environment.
Unlock the potential of automated trading with this expert advisor, ensuring precision and efficiency in your Forex endeavors. Elevate your trading strategy with the 100 Pips Mod.mq4 Forex EA today.
100 pips mod.mq4 4.91 kb, 35 downloads since 2015-04-22
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Download the 100 pips mod.mq4 Forex EA with the recommended winning settings!
100 pips mod.mq4 Forex EA primary goal is to capture 100 pips of profit each day. The strategy of this EA is relatively simple. It aims to identify market trends and open trades in the direction of those trends. When it detects a potential trend reversal, it closes the existing position and looks for new opportunities. The EA employs moving averages to determine the trend direction.
How It Works:
The EA allows you to set two different take profit levels for long (buy) and short (sell) positions. These levels are the target prices at which the EA will close the trades to lock in profits.
You can also set trailing stop values for both long and short positions. A trailing stop moves with the market price, helping you secure profits as the trade moves in your favor.
There is an option to set a fixed stop loss level (Stoploss). If set, this level will limit potential losses on each trade.
The EA uses moving averages to determine the market direction. If the current price is above a moving average, it considers the market in an "UP" trend, and if below, it identifies a "DOWN" trend.
The EA checks your account's free margin to ensure there's enough capital available for trading.
When certain conditions align with the detected trend, the EA will open a buy or sell order with specified lot size (Lots), take profit, and stop loss levels.
The EA also monitors open positions and adjusts trailing stops to protect profits as the market moves.
To set up the "100 pips mod.mq4 Forex EA, follow these steps:
Load the EA into your MetaTrader 4 platform.
Configure the settings according to your preferences: Set your desired take profit and trailing stop values (lTakeProfit, sTakeProfit, lTrailingStop, sTrailingStop).
Decide whether you want to use a fixed stop loss (Stoploss).
Customize the EA's appearance on the chart (colors).
Choose a lot size (Lots).
Adjust slippage (Slippage).
Enable or disable sound alerts (UseSound).
Specify the sound file for alerts (NameFileSound).
Make sure you have sufficient funds in your trading account to meet the EA's margin requirements.
Attach the EA to your preferred currency pair chart in MetaTrader 4.
Ensure auto trading is enabled on your platform.
Monitor the EA's performance and adjust settings as needed.
For a balanced approach, you can start with the following settings:
Take Profit (Long): 100 pips (lTakeProfit = 100)
Take Profit (Short): 100 pips (sTakeProfit = 100)
Trailing Stop (Long): 22 pips (lTrailingStop = 22)
Trailing Stop (Short): 19 pips (sTrailingStop = 19)
Stop Loss: Disabled (Stoploss = 0)
Lot Size: 1 lot (Lots = 1)
Slippage: 2 pips (Slippage = 2)
Sound Alerts: Disabled (UseSound = False)
100 pips mod.mq4 4.91 kb, 5 downloads since 2023-11-09
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