Mastering Lossless MA: Your Go-To EA for MetaTrader 4

Mike 2016.02.08 21:37 26 0 0
Attachments

If you're looking to up your trading game, the Lossless MA is an Expert Advisor (EA) that you definitely want to check out. This EA takes the plunge by opening trades right at the intersection of fast and slow moving averages (MAs). But that’s just the tip of the iceberg!

One standout feature is its ability to hold onto unprofitable trades. When you enable the outstaying function, the EA won’t just close a losing position at a reverse signal. Instead, it opens new trades to potentially capitalize on market swings (just take a look at the example below: EURUSD, H1, every tick from 1.09.2015 to 8.01.2016). Plus, the Stop Loss for these unprofitable trades is adjusted to their opening prices, giving you a fighting chance to turn things around.

However, there's a cap to keep in mind. The maximum number of trades you can have open during this outstaying period is set by the 'Maximum deals' parameter, so make sure to configure it according to your trading strategy.

List
Comments 0