Real Price Action Free MT4 EA
The Robot “Real Price Action Professional” is the improved version of “Real Price Action”. New features allow users to input a trade volume in percent of risk. It also provides a parameter for setting the total profit target in account currency. These features provides a more convenient money management in terms of deposit and withdrawal.
The Robot is designed for use on small time-frames with highly volatile currency pairs. It can trade in any direction and wait for price to move back and take profit. Normally, currency pairs always move up or move down. If the volatility is larger than its spread and there is a gap to make profit, we increase the number of orders by using two trade modules inside the Robot.
Robot has 2 trade modules:
- signal module and
- break module
All orders are sent with the take-profit level. The small profit is locked and the EA waits for next orders.
The Robot uses the H1 time-frame as a market trend calculation, a smaller time-frame is used as a signal calculation for opening orders.
The Robot uses the Zig-Zag Indicator on the current time-frame to calculate the resistance/support level. The Robot enters a buy or sell order when the price breaks the resistance/support level.
The Robot has no stop loss:
The Robot does not use any stop-loss so trader can face some draw-down during a holding period. This draw-down is limited by controlling the trade volume and maximum order holding time. The suitable account equity and the percent of risk is a key to successful results.
Two orders mechanism:
The Robot has a built-in “Two Orders Mechanism”. This mechanism will provide a 2nd order to raise profit or a 2nd order to limit losses. The 2nd order acts as position increase during strong trend or as a hedge order during trend change.
Product is easy to setup:
You only need to specify the lot and profit level to suit the currency pair volatility. For this purpose you need to test the Expert Advisor in the strategy tester.
The Robot “Real Price Action Pro” has improved inputs as following
- Risk_In_Percent=20.00 — the risk to trade in percent.
- Expect_Total_Profit_In_Percent — profit of a portfolio in percent.
- Order_Target_In_PIP=400 — OrderTakeProfit of each order.
Not Known Facts About begin forex trading
ExecuteTrailingStop incorporates the code to path the end reduction, required only if you wish to add a trailing end purpose
The expert advisor builder from the Forex Robot Academy is an uncomplicated way to generate robots with out crafting one line of code. It’s an impressive tool along with a way much better approach of making forex robots.
After you’ve discovered a worthwhile trading strategy, you could entrench it in the robot you’ll produce.
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If you are trying trading with these sophisticated robots without having plenty of trading capabilities, you could make dangerous choices, which could also improve your losses.
I keep in mind when I initially started Finding out Forex Trading and limited right after I decided that I planned to automate my trading as much as feasible.
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The Strategy part has numerous instruments You should utilize to finetune your strategies and make certain their successful overall performance.
Selection: Following building a strategy, it’s saved in the Collection part. In this way, you can easily type them Based on your most popular necessities.
Aside from acquiring fantastic programming skills, Additionally you need to be great in your desired variety of trading. For those who go on and generate these have a peek here kinds of a sophisticated robot devoid of expert-stage trading techniques, chances are you’ll turn out making a money-ingesting EA, which could lead to more losses. So, mastering the best way to program a forex robot is challenging.