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TrailMe.mq4 - Tested Forex EA for LQDFX and FXOpen Brokers
Unlock trading potential with TrailMe.mq4, a powerful Expert Advisor (EA) designed for success in the Forex market. This Forex Robot boasts proven performance after rigorous testing on LQDFX and FXOpen platforms. Elevate your trading experience with a reliable and efficient EA. Download now for automated trading excellence!
trailme.mq4 17.05 kb, 36 downloads since 2015-04-19
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Ready to boost your trading game with TrailMe?
Let's break it down:
TrailMe helps you manage your trades by setting stop loss (s/l), take profit (t/p), and trailing stop orders automatically.
How this EA works:
TrailMe checks if you have open trades and adjusts their s/l, t/p, and trailing stops based on your preferences. It can also use the Average Daily Range (ADR) for more precise settings.
Setting it up:
Download the "TrailMe.mq4" file.
Open MetaEditor in MetaTrader 4.
Click on "File" > "Open an Existing Project" and select the "TrailMe.mq4" file.
Compile the code by pressing F7.
Go back to MetaTrader 4, click "Navigator," find "Expert Advisors," and drag "TrailMe" onto your chart.
Adjustable Parameters:
StopLoss.Pips: Initial stop loss in pips.
TakeProfit.Pips: Initial take profit in pips.
Trail.Pips: Trailing stop in pips (set to 0 to disable).
Trail.Starts.After.BreakEven: Trailing starts after reaching a certain profit.
Move.To.BreakEven.at.pips: How many pips of profit trigger moving to breakeven.
Move.To.BreakEven.Lock.pips: Pips to lock in profit after moving to breakeven.
Move.Trail.Every.xx.Pips: Trailing moves every xx pips of profit.
Use.ADR.for.SL.pips: Use the Average Daily Range for stop loss.
tsl.divisor: A factor to adjust the ADR-based stop loss.
Optimal Settings for Winning Strategies: For a winning strategy, you can start with the following settings:
Currency Pair: EUR/USD (or any major pair)
Timeframe: H1 (1-hour chart)
Minimal Budget: $1000
Now, the adjustable parameters:
StopLoss.Pips = 30
TakeProfit.Pips = 60
Trail.Pips = 20
Trail.Starts.After.BreakEven = false
Move.To.BreakEven.at.pips = 0
Move.To.BreakEven.Lock.pips = 1
Move.Trail.Every.xx.Pips = 0
Use.ADR.for.SL.pips = false
tsl.divisor = 0.40
These settings can serve as a good starting point for your winning trading strategy. Adjust them according to your risk tolerance and trading preferences.
trailme.mq4 17.05 kb, 6 downloads since 2023-11-15
AI Forex robot (Trade Executor EA)
NEW AI Forex robot (MT4talk Trade Executor EA)
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