Hey there fellow traders! Today, I want to introduce you to an exciting tool called the Forex Fraus Multi-Currency EA, designed specifically for MetaTrader 4. This EA was created by Dmitriy Zaytsev and you can check it out here.
What’s great about this EA is its ability to handle multiple currencies. It can trade up to five currency pairs at once and allows you to set a maximum number of positions for each pair, giving you more control over your trades.
Properties: Pair Symbol and max number of positions
Important Notes:
- Ensure the pair symbol is spelled correctly; otherwise, the EA won't work.
- Pairs like EURUSD, EURCHF, EURJPY, CHFJPY, and EURAUD can be utilized. However, I haven't done any optimization for these pairs.
- I conducted my testing using FXCM as my broker.
- Using this EA? You're in charge of your own trading decisions!
Additional Insights:
- If you're using an XM.com Micro account, remember to include "micro" in the pair symbol, like EURUSDmicro or EURCHFmicro.
- If your Trailing Stop value is set too low compared to the stops level in points, the Profit Trailing function will fail. You might see an OrderModify error 130 in your Journal.
The stops level varies by currency and broker, so be sure to check it in the currency contract specifications.
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