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The Buy-ECN Forex Robot - Tested on LQDFX and FXOpen
Unlock trading potential with Buy ECN, a powerful Expert Advisor (EA) designed for success in the dynamic forex market. This Forex Robot delivers precision and efficiency, ensuring optimal trading performance. Tested on LQDFX and FXOpen, it's ready to enhance your trading experience. Elevate your strategy with Buy_ecn.mq4 - your key to profitable forex trading.
buy_ecn.mq4 6.26 kb, 28 downloads since 2015-04-23
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Revolutionize Your Trading with Buy-ECN Forex Robot!
Buy-ECN Forex Robot focuses on a basic buy strategy with adjustable parameters like Stop Loss, Take Profit, and Money Management. This EA automates your trading decisions, balancing risk and reward effectively, and is suitable for both beginners and experienced traders.
How this EA works:
Money Management: If enabled, it calculates the lot size based on your account balance and risk level.
Stop Loss and Take Profit: Set fixed points away from the entry price to limit losses and secure profits.
Risk Management: Adjust the risk level to control the size of the trade.
The EA operates by opening a BUY order, with the lot size determined by your settings. If Money Management is enabled, it calculates the lot size based on the risk percentage of your account balance. The Stop Loss and Take Profit are set a fixed distance from the opening price, measured in points.
Setup Guidance:
Download the .mq4 file and save it to your MT4 directory under "Experts."
Restart MT4 to load the EA.
Drag the EA onto your desired chart.
Set the parameters:
Slippage: 3
StopLoss: 30 points
TakeProfit: 30 points
MoneyManagement: true/false
Lots: 0.1 (default lot size if Money Management is off)
risk: 2.0% (risk level if Money Management is on)
Suggested Winning Strategy Settings:
Currency: EUR/USD
Timeframe: 1-hour (H1)
Minimal Balance: $1000
Slippage: 3
StopLoss: 30
TakeProfit: 30
MoneyManagement: true
Lots: 0.1
Risk: 2.0
Explanation of Winning Strategy Settings:
Currency & Timeframe: EUR/USD on 1-hour charts balances risk and opportunity.
Minimal Balance: $1000 ensures sufficient capital for risk management.
Slippage: Set at 3 to avoid significant price changes during execution.
StopLoss & TakeProfit: Both set at 30 points to manage risk and secure profits effectively.
MoneyManagement: Enabled to auto-adjust lot size based on account balance and risk.
Lots: Default 0.1, adjusted if Money Management is on.
Risk: 2.0% of the account balance per trade balances profit potential with risk management.
This EA is a powerful tool for automating your MT4 trading, offering a balanced approach to risk and reward with customizable settings. It's suitable for traders who prefer a hands-off approach while maintaining control over their trading strategy.
buy_ecn.mq4 6.26 kb, 6 downloads since 2023-11-14
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