Description:
If you're looking to up your trading game, the OsMaSter_V0 Expert Advisor for MetaTrader 4 is worth a look. This EA leverages the OsMA indicator to make informed trading decisions, giving you an edge in the market.
- Time Frame: TF = 0; You can choose from various time frames like 1, 5, 15, 30, 60 minutes, or even hourly and daily periods. Setting it to 0 means it will use the current chart's timeframe.
- Fast EMA Period: fast_ema_period = 9; This is the period used for calculating the fast moving average, helping you spot trends quickly.
- Slow EMA Period: slow_ema_period = 26; This sets the slow moving average period, which is crucial for identifying longer-term trends.
- Signal Period: signal_period = 5; This period is used to calculate the signal line, aiding your entry and exit points.
- Applied Price: applied_price = 0; You can choose from a range of price types (0-6) that the EA will use for calculations.
- Indicator Shifts:
- shift_1 = 0; First index from the indicator buffer.
- shift_2 = 1; Second index from the indicator buffer.
- shift_3 = 2; Third index from the indicator buffer.
- shift_4 = 3; Fourth index from the indicator buffer.
- Lot Size: Lots = 0.01; This is the size of your trades.
- Stop Loss: StopLoss = 50; Set your stop loss in pips to manage risk.
- Take Profit: TakeProfit = 50; This sets your take profit level in pips.
- Magic Number: MagicNumber = 20081975; Each EA has a unique magic number for tracking orders.
- Slippage: Slippage = 3; This is the maximum slippage you're willing to accept when opening a position.
- Number of Attempts: NumberOfTry = 5; This is how many times the EA will try to place a trade if it encounters a requote.
For more details, check out the Author's site.
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