Print
Pinterest
Gmail
Email App
Log in or register to download unlimited Forex robots!
Happy Doji Lucky Hammer Forex EA | Expert Advisor for MT4
Explore the potential of the Happy Doji Lucky Hammer.mq4, a powerful Forex robot designed for MT4. This Expert Advisor (EA) is meticulously crafted to navigate the dynamic currency markets, offering automated trading strategies for enhanced performance. Tested on LQDFX and FXOpen, it seamlessly adapts to various brokers, ensuring flexibility in your trading experience. Unlock the full potential of your trades with this reliable Forex EA.
happy doji lucky hammer.mq4 17.63 kb, 46 downloads since 2015-04-22
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
Boost your trading with the Happy Doji Lucky Hammer Expert Advisor with settings!
This EA identifies and trades specific candlestick patterns, including Doji, Tombstone, Dragonfly, Tweezertop, Tweezerbottom, Shooting Star, and Hammerbottom.
How It Works:
The EA analyzes candlestick patterns on the chart to determine if they match any of the predefined patterns.
When a matching pattern is identified, the EA places a pending order (either BuyStop or SellStop) with specified parameters.
The EA manages risk by calculating the appropriate lot size based on your account balance and risk percentage.
It also uses a trailing stop mechanism to secure profits or limit losses.
The EA can delete pending orders that have not been triggered after a specified amount of time (defined by the DeleteMinutes parameter).
To set up the Happy Doji Lucky Hammer EA, follow these steps:
Open your MetaTrader platform.
Navigate to the "File" menu and select "Open Data Folder."
In the opened folder, go to "MQL4" > "Experts."
Save the provided EA code in this "Experts" folder with a ".mq4" extension.
Restart your MetaTrader platform to compile the EA.
Load a chart of the currency pair you want to trade.
Drag and drop the EA onto the chart. A settings window will appear.
In the settings window, you can adjust parameters such as Take Profit, Stop Loss, Lot size, and others according to your preferences.
Click "OK" to apply the settings.
Ensure that the "Auto Trading" button in the toolbar is enabled (it should be green).
The EA will now start analyzing candlestick patterns and executing trades based on the specified strategy.
Here is a list of adjustable parameters for the Expert Advisor:
Take Profit (TakeProfit): The desired profit level in pips for a trade to automatically close.
Stop Loss (StopLoss): The maximum loss in pips that a trade can incur before being automatically closed.
Lot Size (Lots): The volume of the trading position to open, typically defined in lots (e.g., 0.1 lots).
Maximum Risk (MaximumRisk): The maximum percentage of your account balance that you are willing to risk on a single trade.
Decrease Factor (DecreaseFactor): A factor used to adjust lot sizes based on previous losses. Helps control risk.
Bars to Calculate Take Profit (BarsTP): The number of historical bars used to calculate the Take Profit level.
Bars to Calculate Stop Loss (BarsSL): The number of historical bars used to calculate the Stop Loss level.
Bars to Calculate Trailing Stop (BarsTSL): The number of historical bars used to calculate the Trailing Stop level.
Trailing Stop Period (TrailingPeriod): The time period (e.g., M15) used for calculating the Trailing Stop.
Bar Shift (BarShift): The number of bars to shift the calculations for Take Profit, Stop Loss, and Trailing Stop.
Delete Pending Orders After (DeleteMinutes): The time in minutes after which pending orders that have not been triggered will be deleted.
Slippage (slippage): The acceptable slippage in pips for executing orders.
Recommended Settings:
Currency Pair: EUR/USD
Time Frame: H1
Take Profit (TakeProfit): 50
Stop Loss (StopLoss): 25
Lot Size (Lots): 0.1
Maximum Risk (MaximumRisk): 2%
Decrease Factor (DecreaseFactor): 3
Bars to Calculate Take Profit (BarsTP): 34
Bars to Calculate Stop Loss (BarsSL): 13
Bars to Calculate Trailing Stop (BarsTSL): 6
Trailing Stop Period (TrailingPeriod): M15
Bar Shift (BarShift): 0
Delete Pending Orders After (DeleteMinutes): 60
Slippage (slippage): 0
happy doji lucky hammer.mq4 17.63 kb, 7 downloads since 2023-11-10
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.