Tipu EA - MetaTrader 4 Expert | Forex Indicator Download - MT4/MT5 Resources

This is a simple EA based on Tip Trend and Tip Station indicators found on the market. This EA is for educational purposes only and does not guarantee any profits.

Below are the rules of this EA.

Define Trade Entries - This EA defines trade entries as Tipu Trend M15 signals confirmed by H1 Trend and filtered based on the risk tolerance set by the user. For example, if H1 is trending upward, it will look for a buy signal on the lower M15 time frame. If there is a buy signal, it compares the calculated stop loss (using Tipu Stops = swing low) with the risk tolerance set in "Stop Loss Risk Points Per Trade". If everything is OK, it will go to the next step.

Open trading - this EA only opens trading for each signal. The default lot size is 0.01.

Manage Trade - There are three ways to manage trade.

Attachment download

📎 tipu_ea.mq4 (25.19 KB)

Source: MQL5 #18803