UP bot 1 - MetaTrader 4 Expert | Forex Indicators Download - MT4/MT5 Resources
The EA works without using indicators. The operation is performed using only the price values of the current and previous bars.
The idea of EA is to find pivot points. It uses market orders to enter when attempting a trend reversal.
Each order is protected by Take Profit and Stop Loss (set in settings). When the stop loss is set to zero, the EA will automatically calculate the stop loss based on the current price and the pivot point (the stop loss is moved beyond this level).
It is possible to use a trailing stop with specified steps or to move the position to the break-even point. There are various options for closing positions based on conditions (enabled in parameters).
Attachment download
📎 s7_up_bot_1.00.mq4 (13.11 KB)
Source: MQL5 #14481
UP bot 1 - MetaTrader 4 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
UP bot 1 - MetaTrader 4 Expert | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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 on titles or short-term profit descriptions.
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