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Rhythm.mq4 - Expert Advisor for Forex Trading on LQDFX and FXOpen
Unlock new possibilities with Rhythm.mq4, a powerful Forex robot designed for seamless trading experiences. This Expert Advisor (EA) optimizes your trading on leading platforms like LQDFX and FXOpen, ensuring precision and profitability.
Discover the efficiency of Rhythm.mq4, your trusted Forex EA. Boost your trading strategies with this advanced tool, enhancing your overall performance in the dynamic Forex market. Elevate your trading game today with Rhythm.mq4, the ultimate Forex Robot for success.
rhythm.mq4 10.58 kb, 37 downloads since 2015-04-19
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Rhythm EA: Simplify your trading with automated Stop & Reverse strategy
Rhythm EA is a simple Stop & Reverse system that can be used with various currency pairs. It is designed for daily and weekly trading. The key feature of this EA is that when a trade is initiated, both a stop loss and a reversal order are placed simultaneously. For example, if the stop loss is set at 40 PIPs, the reversal order will also be placed at 40 PIPs. This means that when the stop loss is triggered, the reversal is automatically activated.
How It Works:
Rhythm operates based on a set of parameters and rules:
Overrule Direction: This setting allows you to decide whether the EA should make the next day's trade decision based on the previous day's trend. If set to True, the EA will analyze the previous day's price movement and open a "Buy" market order if the previous day's open/close was positive or a "Sell" market order if it was negative.
Direction Long: This setting allows you to manually choose whether to go long (Buy) or short (Sell) for your opening trade. If using this variable, Overrule Direction should be set to True.
Entry Time Hour: Specify the hour at which the entry trade will be executed, ranging from 00:00 to 23:00.
Exit Time Hour: Set the hour at which the exit trade will be executed, ranging from 00:00 to 23:00. The exit will occur on the open of the preceding bar from the exit hour chosen.
Max Trades: You can set this variable to limit the number of whipsaws (reversal trades) you want in a day or week. The EA will not take any more trades once this limit is reached.
TrailStop Once: If set to True, the Stop and Reverse order will move positively one time at the value of the Stop Loss variable. This means that if the price advances positively, the Stop and Reverse orders will move up by the specified number of pips once.
Trailing Stop: If set to True, the Stop and Reverse order will move every time the price moves positively by the value of the Stop Loss variable.
Stop Loss: This is a critical parameter and represents the value that all Stop orders will use. It is the level at which the EA will exit a trade to limit potential losses.
Profit Target: You can set a Profit Target value. If this value is greater than 0, the trade will remain open until the profit target is reached.
Lots: This setting specifies the lot size for your trades.
Suggested Settings:
Currency Pair: EUR/USD Time Frame: 1-hour (H1) Minimum Budget: $1,000
EA Settings:
Overrule Direction: True
Direction Long: True
Entry Time Hour: 08:00
Exit Time Hour: 16:00
Max Trades: 0
TrailStop Once: False
Trailing Stop: False
Stop Loss: 30 PIPs
Profit Target: 60 PIPs
Lots: 0.1
rhythm.mq4 10.58 kb, 1 downloads since 2023-11-10
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