100 Pips a Day Forex Robot - Perky Mod EA (MT4)

Achieve consistent gains with the 100 Pips a Day_perky_mod.mq4 Expert Advisor (EA) for MetaTrader 4. This Forex Robot is designed to capitalize on market opportunities, delivering optimal results in various trading conditions. Tested on LQDFX and FXOpen, this EA is compatible with any broker. Elevate your trading experience with the 100 Pips a Day_perky_mod.mq4 EA - your key to successful automated trading.

Grab the 100 pips a day_perky_mod.mq4 and download it.

This EA is designed to help you potentially make 100 pips (a unit of measurement in Forex trading) a day by automating your trading decisions. It primarily focuses on two key strategies: buying when market conditions are favorable for an uptrend and selling when conditions suggest a downtrend. It's a popular choice among Forex traders due to its simplicity and potential profitability.

How It Works:

The 100 Pips a Day EA uses a combination of technical indicators and price movements to make trading decisions.

It relies on two moving averages (MA) – a 7-period Simple Moving Average (SMA) and a 6-period SMA. These indicators help identify trends in the market.
The EA also uses a custom indicator called "lswpr_angleexp" to determine market momentum. It checks if the indicator is positive (indicating an uptrend) or negative (indicating a downtrend).

When the EA identifies an uptrend (diClose0 below diMA1 and lshist is positive), it triggers a buy signal. Conversely, when it identifies a downtrend (diClose2 above diMA3 and lshist is negative), it triggers a sell signal.

The EA incorporates risk management by allowing you to set parameters like stop loss and take profit levels. It also offers a trailing stop feature to protect your profits.

You can enable sound alerts to notify you when trades are executed.

To set up the EA, follow these steps:

Install the EA in your MetaTrader 4 platform.
Set the timeframe for trading. The default is 5 minutes, but you can adjust it based on your preference.
Define your risk parameters, such as stop loss and take profit levels. You can also specify the lot size (trade size).
Enable or disable sound alerts as desired.
Ensure you have sufficient free margin in your trading account to cover potential losses.

You can set up these parameters:

Timeframe: This setting determines the chart timeframe that the EA will use for trading. The default is set to 5 minutes, but you can adjust it to your preferred timeframe, such as 15 minutes or 1 hour.
Stop Loss: Stop loss is a risk management tool that specifies the maximum amount of loss (in pips) that you are willing to tolerate on a trade before it's automatically closed.
Long Take Profit: This parameter sets the take profit level (in pips) for buy (long) trades. It represents the desired profit target for your buy positions.
Short Take Profit: Similar to the long take profit, this parameter sets the take profit level (in pips) for sell (short) trades. It represents the desired profit target for your sell positions.
Long Trailing Stop: Trailing stop is a feature that allows you to automatically adjust the stop loss level as the price moves in your favor for buy (long) trades.
Short Trailing Stop: This is the trailing stop level (in pips) for sell (short) trades. It serves the same purpose as the long trailing stop but for sell positions.
Lot Size: Lot size refers to the volume or trade size of your positions. It determines how much of a currency pair you are buying or selling in each trade. A lot size of 0.1 represents a mini lot, which is 10,000 units of the base currency.
Slippage: Slippage is the maximum allowable difference (in pips) between the expected price at which a trade is requested and the actual price at which it's executed. It helps prevent trades from being executed at significantly worse prices.
Use Sound: This parameter allows you to enable or disable sound alerts. When enabled, the EA will play a sound (specified by the "Sound File" parameter) when trades are executed.
Sound File: If "Use Sound" is enabled, this setting specifies the sound file that the EA will play when trades are executed. The default is "shotgun.wav," but you can choose your preferred sound file.

For a balanced approach, you can consider these settings:

Timeframe: 5 minutes
Stop Loss: 1000 pips
Long Take Profit: 20 pips
Short Take Profit: 15 pips
Long Trailing Stop: 10 pips
Short Trailing Stop: 10 pips
Lot Size: 0.1
Slippage: 2 pips
Use Sound: Enabled
Sound File: "shotgun.wav"

Consider setting a maximum daily profit or loss limit to manage risk.
Regularly monitor your trading account, especially in the early stages of using the EA.
Be cautious about changing settings too frequently; it's essential to give the EA time to adapt to market conditions.

Share

Facebook Twitter Print Pinterest Gmail Email App