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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.

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Risk Warning

​

Trading Leveraged Products like Forex and Derivatives might not be suitable for all investors as they carry a high degree of risk to your capital. Please make sure that you fully understand the risks involved, taking into consideration your investment objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the complete Risk Disclosure.

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