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Console 2002 EA-2: Top Forex Robot for LQDFX and FXOpen
Unleash the power of automated trading with Console_2002_ea-2.mq4, the expert advisor (EA) designed for peak performance in the Forex market. Elevate your trading experience with this cutting-edge Forex EA, meticulously crafted to deliver optimal results on LQDFX and FXOpen platforms. Stay ahead in the world of automated trading - Console 2002 EA-2 is your key to unlocking success. Download now and let your profits soar.
console.mq4 22.9 kb, 41 downloads since 2015-04-23
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Console EA - Your Forex Game Changer!
The EA employs a unique currency strength strategy. It analyzes the strength of the GBP against the USD, using a sophisticated metering system to identify optimal trading conditions. The strategy is designed to open buy or sell orders based on the relative strength of these two currencies, combined with specific trading conditions like spread limits.
How It Works:
This EA calculates the strength of GBP and USD using a currency strength meter. It opens a buy order when GBP strength is high and USD strength is low, and vice versa for sell orders. It considers current spread and predefined levels for trading decisions and manages orders with a trailing stop for profit optimization.
Setting Up the EA:
Save the downloaded console.mq4 file into the MQL4/Experts folder of your MT4 platform.
Restart MT4 to load the EA.
Attach the EA to the GBP/USD chart.
Adjustable Parameters:
Lot: Lot size for each trade.
TakeProfit: Desired profit level in pips.
TrailingStop: Pips to trail the stop loss.
StopLoss: Loss threshold in pips.
Slippage: Maximum price slippage for orders.
HighLevel/LowLevel: Threshold levels for GBP and USD strength.
MaxSpread: Maximum spread acceptable for trade execution.
AccountType: Account type selector (0=normal, 1=mini, 2=micro).
ManagedLotSize: Enables dynamic lot size based on account balance.
Risk: Risk percentage for dynamic lot sizing.
Optimal Settings:
Currency Pair: GBP/USD.
Time Frame: H1 or higher.
Minimum Budget: $1000 for standard, $100 for mini, $10 for micro accounts.
Winning Strategy Settings:
Lot: 0.1
TakeProfit: 100
TrailingStop: 20
StopLoss: 70
Slippage: 2
HighLevel: 6.0
LowLevel: 2.5
MaxSpread: 3
AccountType: 0 (standard)
ManagedLotSize: true
Risk: 2
console.mq4 22.9 kb, 10 downloads since 2023-11-12
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