Welcome to my blog, fellow traders! Today, let’s dive into the world of the JPAlonso-modoki, a powerful EA designed for MetaTrader 5. If you're looking to enhance your trading strategy, this might just be the tool you need!
What is JPAlonso-modoki?
This EA is built using the Envelopes indicator with a setting of 200 and a deviation of 0.35. Essentially, it’s like having a trusty sidekick that helps you gauge market movements.
Long and Short Conditions
- Long Condition: The EA evaluates whether the price will rise based on the current market conditions. If the closing price is below the lower envelope or between the lower envelope and the midpoint, it’s a strong signal to buy.
- Short Condition: Conversely, if the price is above the upper envelope or falls between the upper envelope and the midpoint, it’s a signal to sell.
Tick Event Handler
This EA features an event handler function that kicks in every time there’s a price tick. If there’s an open position, it won’t trigger again until you close it. This helps prevent unnecessary trades and keeps your strategy focused.
Just a heads-up: If you're looking for the so-called "Mystery of the first week", you might not find it here. Instead, I’ve set a timer to keep everything streamlined.
Real Results
Check out the test results below, showcasing the performance of JPAlonso-modoki:
So there you have it! The JPAlonso-modoki EA is definitely worth considering if you’re serious about trading with MetaTrader 5. Happy trading!
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