top of page
PIPSTREAM Gold Reversal EA

PIPSTREAM Gold Reversal EA

$20.00Price
REQUIREMENTS
MT4 Account
Gold
15 Min TF
 
FILES
1 Expert Advisor file
User Manual

  • Important Note:

    To use this EA successfully:

    • Install all the required indicators included in the provided file. Place them in the Indicators directory under the MQL4 folder of your MT4 platform.
    • Load the indicators onto the relevant chart(s) before attaching the EA.
    • Test the setup on a demo account to ensure the indicators and EA are functioning as intended.

  • Description:

    MT4 Robot Description: Reversal Indicator-Based Trading System

    This MT4 Expert Advisor (EA) is designed to automate trading based on signals from a reversal indicator. The EA is suitable for traders who aim to capitalize on trend reversals in the forex market. Here's how it functions:

    Features:

    • Trade Entry:

      • The EA opens trades when the reversal indicator signals a potential market reversal. This could be based on candlestick patterns, momentum divergence, or other reversal criteria defined by the indicator.
      • Users can configure settings for lot size, trade direction (buy or sell), and the indicator's sensitivity.

    • Trade Exit Options:

      • Fixed Profit Target: The EA automatically closes trades when a predefined Take Profit (TP) level is reached.
      • Fixed Loss Limit: Trades are closed if they hit a preset Stop Loss (SL) level, protecting the account from excessive losses.
      • Reversal Signal Exit: If the reversal indicator signals another reversal in the opposite direction, the EA closes the current trade to align with the new trend.

    • Risk Management:

      • Adjustable lot size, Stop Loss, and Take Profit levels to suit varying risk tolerances.
      • Optional trailing stop to lock in profits as the trade moves in favor.

    • Time and Session Filters:

      • The EA can be configured to trade only during specific timeframes or sessions, such as the London or New York session, optimizing performance in high-liquidity periods.

    • Customization:

      • Includes parameters for fine-tuning the reversal indicator's behavior, such as signal strength thresholds, delay filters, and more.

    Benefits:

    • Automation: Eliminates the need for manual monitoring of reversal signals and trade management.
    • Flexibility: Multiple exit strategies allow traders to adapt to different market conditions.
    • Efficiency: Opens and closes trades with precision, minimizing emotional trading errors.

    Use Case:

    The robot is ideal for traders who rely on reversal strategies but want the convenience of automated execution. Whether used in volatile markets or during trending conditions, the EA offers a systematic approach to capturing reversals efficiently.

    Notes:

    To ensure optimal performance:

    • Test the EA in a demo account before live trading.
    • Adjust indicator and risk settings according to the chosen market and trading strategy.

    This robot combines the power of technical indicators with automated decision-making, providing a practical tool for reversal-based trading strategies.

Related Products

Comments
Rated 0 out of 5 stars.
No ratings yet
Add a rating
Share Your ThoughtsBe the first to write a comment.
bottom of page