Let's take a look at a straightforward trading system designed for MetaTrader 4. This EA focuses on the EUR/USD pair and operates on the H1 timeframe, with a starting deposit of $10,000 and a lot size of 1.
As this is my first venture into creating an expert advisor, I've kept it simple. This EA works across all timeframes and currency pairs. Here's how it operates:
- Position Opening: The EA opens a trade when the daily candle starts, taking its cue from the previous day's candle direction.
- Position Closing: It automatically closes positions at the earliest market closing hour on Fridays.
- No Stop Loss or Take Profit: This system runs without traditional risk management features like stop loss, take profit, or trailing stops.
While it might seem a bit risky to trade without those safety nets, this EA is all about simplicity and letting the market do its thing. If you're looking to dip your toes into automated trading, this could be a great starting point!
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