Hit And Run Free MT4 EA
Hit And Run Free MT4 EA uses tops and bottoms to place Buystop / Sellstop orders with a small Stoploss and if the order isn’t closed by the Stop, it continues to ride the Trend until it’s closed by an implemented indicator or if a certain number of bars have passed since the order was opened or TP function. The free version may only be used one symbol at a time because the Magic Number is not customizable only in the paid version of the product.
The EA also has a Breakeven function wich can be set by the user and Trailstop function .
It is recommended that you trade with a low-spread broker because the system uses small stops and of course , if the spread is larger, you must also increase the Stop-loss , which leads to a higher draw-down.
Pairs : EUR/USD , USD/JPY , GPB/USD .
Timeframe : H1 .
HardStop – set to 50 Points ;
VirtualStop – set in Points , 50 by default ;
Close Orders by Macd indicator or after a certain number of bars after the order was opened , customisable (true or false) ;
Close By Macd Offset : delays the closing of an order to prevent it to close on the same bar right after opening ;
BreakEven – true/false ;
BreakEven after points – set to 100 ;
Level – set to 48 – upper and lower levels from the last 48 candles in the chart ;