Yen Trader - MetaTrader 4 Expert | Scalping EA Download - MT4/MT5 Resources
Japanese Yen traders trade the Japanese Yen Cross (XXXJPY), where XXX is one of the major currencies (other than the US Dollar, which will be used as the reference currency).
Depending on the chosen direction (R: Right or L: Left), the EA will detect divergence or convergence between major currency pairs and USDJPY and trade the JPY cross currency pair accordingly.
Divergence/convergence is detected using:
Stop loss, take profit, profit lock, and trailing stop can be based on points or ATR multiples.
EAs can be used for scalping and swing trading.
Attachment download
📎yen_trader_05_1.mq4 (27.78 KB)
Source: MQL5 #17275
Yen Trader - MetaTrader 4 Expert | Scalping EA Download - MT4/MT5 Resource Usage and Screening Suggestions
Yen Trader - MetaTrader 4 Expert | Scalping EA Download - MT4/MT5 resources are resources related to scalping EA. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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