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Ovenstone EA - Powerful Forex Robot for Consistent Profits
Unlock the potential of your trading journey with Ovenstone EA, a robust Expert Advisor (EA) designed to optimize your Forex trading experience. This Forex Robot, in the form of "ovenstone_ea.mq4," has undergone rigorous testing on popular platforms like LQDFX and FXOpen, ensuring compatibility with any broker of your choice.
Achieve trading success with this reliable EA, strategically engineered for consistent profits in the dynamic Forex market. Elevate your trading strategy with Ovenstone EA's advanced algorithms and take advantage of its seamless performance. Enhance your financial portfolio by integrating this efficient Forex EA into your trading routine.
Download "ovenstone_ea.mq4" now and experience the transformative power of a top-tier Expert Advisor. Elevate your trading game and unlock the potential for sustained profitability in the Forex market.
ovenstone_ea.mq4 11.66 kb, 45 downloads since 2015-04-20
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Snag the Ovenstone EA along with the recommended winning settings!
The Ovenstone EA follows a trend-following strategy. It identifies trends by analyzing the crossing of two lines and the changing of colors on different timeframes (M30, H1, H4). When specific conditions are met, it executes buy or sell orders to capitalize on potential market movements.
How the Ovenstone EA Works:
The EA determines the trend direction by comparing two lines on different timeframes. The red line represents a downtrend, while the green line signifies an uptrend.
It also analyzes the colors of bars on the charts. Red bars indicate a downtrend, and green bars represent an uptrend.
The EA looks for instances where the red and green lines cross each other or when the colors of bars change.
Based on the analysis, the EA decides whether to buy, sell, or stay out of the market. It considers multiple timeframes to confirm the trend direction.
Traders can set parameters for take profit, stop loss, lot size, and trailing stop to manage risk.
Here's how to set up the Ovenstone EA:
Take Profit: Set your desired profit target in pips.
Stop Loss: Specify your maximum acceptable loss in pips.
Lot Size: Determine the trading volume (lot size) for your positions.
Trailing Stop: Optionally, set a trailing stop value in pips.
Signal Bar: Choose the bar after which the EA will execute trades (e.g., 1 for the next bar).
Bars After Cross: Define how many bars the EA should consider when a crossing event occurs.
Max Active Orders: Limit the maximum number of active orders the EA can open simultaneously.
Play Sound: Decide whether you want the EA to play a sound alert when it opens a trade.
Suggested Settings for the Ovenstone EA that are often associated with a higher chance of success:
Take Profit: 50 pips
Stop Loss: 30 pips
Lot Size: 0.1 (or adjust based on your account size and risk tolerance)
Trailing Stop: 15 pips
Signal Bar: 1 (trade on the next bar)
Bars After Cross: 5 (consider a crossing event within the last 5 bars)
Max Active Orders: 3 (limit the number of active trades)
Play Sound: 1 (enable sound alerts)
Remember that these settings can be adjusted to match your trading preferences and risk tolerance.
By setting up this EA with the suggested parameters, you can potentially improve your trading results and minimize risk.
ovenstone_ea.mq4 11.66 kb, 9 downloads since 2023-11-09
AI Forex robot (Trade Executor EA)
NEW AI Forex robot (MT4talk Trade Executor EA)
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