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I am working on a "crab plus" which adds 0.01 lot every trade 1400 times a day or stops adding at any point you set. 9 variants all testing...
How is this one working so far, since you have been woing with this one a couple weeks?
FarhadCrab1!
FarhadCrab1 works its magic on the GBP/JPY, GBP/USD, and EUR/USD currency pairs, focusing on the 1-minute timeframe. It operates efficiently in short time periods, making it ideal for quick trading decisions
Indicators and Patterns: This EA uses a combination of technical indicators and price patterns to make trading decisions. It keeps an eye on indicators like Moving Averages (MA), Stochastic, MACD (Moving Average Convergence Divergence), and Parabolic SAR, among others.
Buy and Sell Signals: FarhadCrab1 identifies potential buy and sell signals based on these indicators and patterns. For example, when certain conditions align, it generates a buy signal, indicating that it's a good time to consider opening a buy position. Conversely, when conditions favor a sell, it generates a sell signal.
Take Profit and Stop Loss: You have control over setting the take profit and stop loss values, though it's suggested to keep the stop loss disabled. The take profit levels help you secure profits when the market moves in your favor.
Trailing Stop: The EA also incorporates a trailing stop feature. Once a trade is in profit, the trailing stop follows the price to lock in gains and protect against potential reversals.
Magic EA Identifier: This parameter allows you to run multiple instances of the EA on the same account with different settings. It's handy if you want to test variations of the strategy simultaneously.
Colors for Position Management: FarhadCrab1 uses different colors to help you differentiate between opening and closing buy and sell positions. This visual distinction makes it easier to track your trades.
Risk Management: While the EA provides trading signals, it's important to manage your risk. Adjust the lot size parameter (Lots) according to your account balance and risk tolerance.
Time Frame: Stick to the 1-minute chart for optimal performance. This timeframe aligns with the EA's strategy of capturing short-term market movements.
Download the EA:
First, you'll need to get your hands on the FarhadCrab1.mq4 file.
Set it up: Install the EA on your MetaTrader 4 (MT4) platform.
Adjust the Parameters: Now, let's talk about the adjustable parameters.
lTakeProfit: Recommended to keep it no more than 20.
sTakeProfit: Also recommended to keep it no more than 20.
takeProfit: Keep it in line with the other take profit values.
stopLoss: For this one, it's suggested to not use a stop loss at all.
magicEA: Magic EA identifier for different settings.
lTrailingStop: Trail stop in points.
sTrailingStop: Another trailing stop setting.
clOpenBuy: Color for opening buy positions.
clCloseBuy: Color for closing buy positions.
clOpenSell: Color for opening sell positions.
clCloseSell: Color for closing sell positions.
Slippage: Set the slippage value.
Lots: You can change the lot size, but be cautious about margin.
nameEA: The name to easily identify this EA.
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