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Ema Cross 2 Forex EA - Proven Expert Advisor for Consistent Results
Unlock the potential of your trading with the Ema Cross 2 Forex Robot (Ema-cross-2.mq4). This expert advisor (EA) employs advanced algorithms to navigate the dynamic forex market, ensuring optimal performance and reliable results. Compatible with various brokers, including LQDFX and FXOpen, this EA adapts seamlessly to diverse trading environments. Elevate your trading experience with the Ema Cross 2 Forex EA, a trusted tool for achieving success in the forex arena.
ema_cross.mq4 6.11 kb, 32 downloads since 2015-04-23
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Unlock Forex Magic with Ema Cross 2 Forex EA!
The EA focused on managing trades with dynamic stop loss, take profit, and trailing stop settings. The EA employs a pyramiding strategy with linear money management to adjust risk exposure and compound gains. It's tailored to adapt its trading behavior based on your account balance, making it great for both small and large accounts.
How this EA Works
Adjusts lot sizes based on account balance and predefined risk levels.
Enters long (buy) or short (sell) positions based on market conditions and recent price action.
Utilizes trailing stops to lock in profits and minimize losses.
Adjusts the number of simultaneous open positions based on the account balance.
Setting Up and Parameters
Download MQ4 File: Save the script to your computer.
Install on MT4: Open MT4, click on 'File' > 'Open Data Folder' > 'MQL4' > 'Experts'. Paste the file here.
Restart MT4: Close and reopen MT4 to load the EA.
Attach to Chart: Drag and drop the EA onto your preferred chart.
Adjust Parameters:Slippage: Max price slippage for buy or sell orders.
mm (Money Management Mode): 0 for fixed lots, 1 or 2 for dynamic lots based on account balance.
risk: Percentage of account balance risked per trade.
Lots: Default lot size (used if mm is 0).
Stop Loss, Take Profit, Trailing Stop: Self-explanatory trade management settings.
Optimal Settings
Currency Pair: EUR/USD
Timeframe: 1H
Minimal Balance: $1000
Slippage: 3
mm: 1 (Dynamic lot sizing)
risk: 2% per trade
Lots: 0.10 (for mm = 0)
Stop Loss: 25 pips
Take Profit: 100 pips
Trailing Stop: 15 pips
For a balance below $1,000,000, maintain one open position at a time. For higher balances, increase the number of positions proportionally.
Use trailing stops to protect gains and stop loss to limit losses.
Enter trades considering recent price movements and avoid trading during low volatility periods.
Summary
This EA is great for both new and experienced traders. It balances risk and reward by dynamically adjusting trade sizes and managing open positions. With its user-friendly parameters and adaptability, it's an excellent way to automate trading.
ema_cross.mq4 6.11 kb, 14 downloads since 2023-11-14
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