Are you looking to level up your trading game? Let me introduce you to the Auto Adjusting Expert Advisor (EA) for MetaTrader 4. This handy tool utilizes three moving averages (MAs) and candlestick patterns to manage your trailing stop loss and take profit effectively. It’s primarily designed for the 4-hour time frame, making it ideal for trading major forex pairs and NASDAQ stocks.
Here’s a quick rundown of what makes this EA stand out:
- This EA trades solely based on the price of the open candle!
Input Settings
- Use_TP_In_Money: Enables Take Profit in monetary value (values: true/false).
- TP_In_Money: Set your Take Profit in money (values: 10-100).
- Use_TP_In_Percent: Enables Take Profit in percentage (values: true/false).
- TP_In_Percent: Set your Take Profit in percentage (values: 10-100).
- ------------[Money Trailing Stop For Multiple Trades]----------------------
- Enable_Trailing: Turn on trailing with monetary value (values: true/false).
- Take Profit In Money: Define in current currency (values: 25-100).
- Stop Loss In Money: Define in current currency (values: 1-20).
- -----------------------------------------------------------------------------------
- PADAMOUNT: Pips beyond candle to stop (values: 10-50).
- RISKPRESENT: Risk percentage (values: 0.1-1).
- REWARD_RATIO: Reward Ratio (values: 2-4).
- CANDELSBACK: Number of candles for min/max (values: 1-50).
- Mom_Sell: Momentum Sell trigger (values: 0.1-0.9).
- Mom_Buy: Momentum Buy trigger (values: 0.1-0.9).
- MagicNumber: Assign a magic number (values: 1-100000).
How to Perform a Backtest
Ready to see how this EA performs? You can easily backtest it by following this link.
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