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Simple 3 order GBPUSD EA (Simple 3 order GBPUSD EA) - MT4/MT5 resources

author EAcpu | 3 reads | 0 comments |
Following on from the simple H1 GBPUSD EA thread, this is a version of the same EA that placed 3 orders instead of 2, you can view the history of this EA at this link:

http://www.forexfactory.com/showthread.php?t=231650

This version places 3 orders each with its own target price and a universal stop loss.

TP1 and TSL are the same value, so once TP1 is reached, the other two orders are fully protected.
TP2 uses a trailing stop and moves to breakeven when TP1 is reached.
TP3 can be run without TSL, but when TP1 is reached, its stop loss will move to +10.

The stop loss per order is 140, so the total risk is 420 pips, if something goes wrong, do not use this EA.

All settings are derived using MT4 optimization tools, any changes will produce different results!

camvcvooV5.ex4
V5 fixed transactions for ECN accounts.

Default settings (for maximum profits):
TP1 22, TP2 50, TP3 80, SL 140, TSL 22.

More conservative setting (minimal loss):
TP1 14, TP2 50, TP3 100, SL 130, TSL 14.

______________________________________________________________
Kanfuwo therefore requested this version, and the document currently bears his name.
Also included is a full strategic report.

Notice:
It is very important to set your broker's GMT offset correctly.

If you do not set your broker to have the correct GMT offset, the EA will not show good results.

This EA is for educational purposes only and anyone who downloads and uses the EA does so entirely at their own risk and is responsible for any losses that may arise from using it in live trading.
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