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Goblin Bipolar Forex Robot | Expert Advisor (EA) for MT4
Unlock the potential of your trading with the Goblin Bipolar Forex Robot, a powerful Expert Advisor (EA) designed for MT4. This Forex EA, named "goblin_bipolar_fixedlots_alassio-2.mq4", operates with fixed lots, ensuring consistency in your trades.
Tested on popular brokers like LQDFX and FXOpen, this EA is versatile and compatible with various brokers, enhancing its adaptability to different trading environments. Elevate your trading experience with the Goblin Bipolar Forex Robot - your key to automated success in the dynamic world of forex.
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Meet the Goblin Bipolar Forex Robot , your new trading buddy!
The EA checks out different timeframes to find the perfect trade opportunities. It looks at the 15-minute chart for moving averages, the 5-minute chart for the Laguerre indicator, and the 1-hour chart for the awesome oscillator. It's like having multiple pairs of eyes on the market for you!
Setting Up Your GLAM Trader EA:
Download the EA: First, download the "mq4" file of theGoblin Bipolar Forex Robot.
Install on MT4: Open your MetaTrader 4 platform and click on "File" > "Open Data Folder." Then, find the "MQL4" folder and place the downloaded file in the "Experts" folder.
Attach to Chart: Go back to MT4, and in the "Navigator" panel, find "Experts Advisors." Drag and drop the Goblin Bipolar Forex Robot onto your chart.
Now, here are the adjustable parameters and their optimal settings for the best results:
lStopLoss and sStopLoss: These parameters determine the stop-loss level for long (buy) and short (sell) positions, respectively. They help limit potential losses.
lTakeProfit and sTakeProfit: These parameters set the take-profit level for long and short positions, respectively. Take-profit is the point at which your trade automatically closes with a profit.
lTrailingStop and sTrailingStop: These settings enable trailing stop functionality for long and short positions. Trailing stop moves your stop-loss level as the trade moves in your favor, securing profits.
clOpenBuy and clCloseBuy: These parameters define the colors for opening and closing long positions on your trading chart.
clOpenSell and clCloseSell: Similarly, these parameters specify the colors for opening and closing short positions on your trading chart.
clModiBuy and clModiSell: These colors represent modifications for buy and sell positions. They can be used to visually distinguish modified positions.
Name_Expert: This is a user-friendly name for the EA, allowing you to identify it easily.
Slippage: Slippage refers to the maximum allowable deviation between the requested price and the executed price for a trade.
UseSound: If set to "True," this option enables trading alerts or sounds when certain conditions are met.
NameFileSound: You can specify the name of the sound file that will be played for trading alerts.
Lots: This parameter determines the size of your trading position. It's important to adjust this based on your account balance and risk tolerance.
lStopLoss and sStopLoss: Set both to 20.
lTakeProfit and sTakeProfit: Set both to 50.
lTrailingStop and sTrailingStop: Set both to 15.
clOpenBuy: Blue.
clCloseBuy: Aqua.
clOpenSell: Red.
clCloseSell: Violet.
clModiBuy: Blue.
clModiSell: Red.
Name_Expert: "GLAM Trader."
Slippage: 0 (keep it at zero for now).
UseSound: True (you want those trading alerts!).
NameFileSound: "alert.wav" (your choice of alert sound).
Lots: 0.10 (but adjust based on your balance).
Winning Strategy Settings:
Currency Pair: EUR/USD
Minimal Balance: $1000
Time Frame: 1-hour (H1)
That's it! You're all set to conquer the forex world with the Goblin Bipolar Forex Robot.
The Goblin Bipolar Forex Robot is your secret weapon for smarter trading decisions. It keeps an eye on multiple timeframes, helping you spot winning opportunities. Set it up with the recommended settings, and you're ready to ride the forex wave!
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