Unlocking Profit Potential with Stochastic TP TS V3.103 for MetaTrader 4

Description:

Welcome to the world of automated trading! Today, we're diving into the Stochastic TP TS V3.103, an Expert Advisor (EA) designed for MetaTrader 4 that leverages the Stochastic indicator to identify trading opportunities between the 20 and 80 levels—specifically for EURUSD on the H4 timeframe.

This EA kicks off trades based on the 'minut' parameter, which determines the specific minute to enter a trade. You can customize the Stop Loss (SL) through the 'stolos' parameter, and I personally recommend using a higher SL for added security. Once your trade goes into profit, the EA will activate its profit protection strategy, adjusting the SL to trail below or above the 'start' points you've set.

To optimize your trading, I’ve included a 'diff' parameter that helps in scaling your lot sizes. If you have multiple open orders, the lots will be divided by the number of active trades. Additionally, the 'sign' parameter checks for a larger delta between the stochastic signal and the stochastic base before executing trades, though I typically bypass this feature.

In the attached ZIP file, you’ll find backtesting results from July 2013 to give you insight into its performance.

Parameter Explanations:

minut: Set the specific minute for the EA to initiate a trade;
orders: Number of orders to be placed;
trailstop: Adjusts the SL once your 'start' profit level is reached;
start: Profit in points at which the trailing stop activates;
stolos: Represents your Stop Loss;
diff: A divisor for balancing your lot size;
sign: Checks for a significant difference between the stochastic base and stochastic signal before trading;