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10 points on EURUSD & GBPUSD
The Forex Strategy "10 points on EURUSD" has a number of varieties and something similar to the Session Breakout strategy, many professional traders use it, so if you combine it with an optimal money management, you can achieve very good trading results.
The idea is the following:
The strategy is based on breakthrough of the maximum and minimum price values of the previous trading day. The most of the traders believed that if the level of the previous day has been broken, the price goes up, and vice versa for the minimum. From the other side, these two extrema are used as a stop-loss levels for the most of the traders.
Experts10.mq4 4.17 kb, 77 downloads since 2014-10-10
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seems good these pairs also have little spread so the 10 pips will be fine i will test it
but the strategy is not that great
I used to trade very familiar strategy to this one, and have very nice profits, but it is not a holy grail I think, but anyway worth it to try this one .
interesting, will give it a try, i think 0.01 for each $100 will be fine... how about the stop loss the EA uses? if its tight stop loss will be very good
About 10 points on EURUSD & GBPUSD - Expert610_eng.mq4
https://mt4talk.com/viewtopic.php?pid=1930#p1930
This EA decides when to buy or sell based on market conditions, using specific indicators. It's designed to manage risk by setting limits on losses (StopLoss) and desired profits (TakeProfit). Plus, it's smart enough to adjust its trading size based on your account balance.
How this EA works:
It looks at the market's high, low, close, and open prices.
If certain conditions are met, it places buy or sell orders.
The EA calculates the lot size based on the percentage of your free deposit and adjusts it if it's below the minimum set.
It uses a unique identifier (Magic Number) for its orders, making it easy to manage them separately from any manual trading you might do.
Setting it up:
Download: Get the mq4 file.
Install: Place it in your MT4 'Experts' folder.
Restart MT4: To load the EA.
Attach to Chart: Select your desired currency pair and timeframe.
Enable Auto Trading: Make sure it's turned on in MT4.
Adjustable Parameters:
Digits2Round: Rounds the floating point.
PercentOfFreeDepo: Risk percentage of your deposit.
MinLot: The minimum lot size for trading.
MagicNumber: Unique identifier for the EA's trades.
Threshold: The condition for sending a pending order.
SL: StopLoss value.
TP: TakeProfit value.
P: Breakout points.
Set your risk at 2% of your free deposit. This keeps your trading in check.
Buy or sell when the market conditions match the Threshold. The SL and TP settings ensure you cut losses early and take profits at the right time.
Lot Size: Adjusts based on your account balance, ensuring you're not overexposed.
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