Born to trade DAX CFD and now adapted to trade Forex. Best timeframes to use are H4 and dax 1 lot forex. This masterpiece is extremely simple as it is.
Want to earn in the Market? It has an integrated time filter which is useful to avoid some bad periods or to close any opened trades in some other periods. Slippage – set max slippage allowed to open a new trade. Tolerance – how many pips from the entry point the robot should “wait” to enter the market.
The EA can open a trade within this timeframe. The EA will close any opened trade within this timeframe. Note 1: all the values related to time cannot be optimized but only backtest, as they are treated as text values. Note 2: the screenshot attached shows a simple backtest with no optimization on the common major pairs with 0. Note 3: some other features for this EA are ready to be deployed. But for the moment we keep it as simple as possible and will evaluate in the future what to do according to your feedback and needs.
Great result at the strategy test. Added Spread values inputs for major Forex pairs. Fixed issue with spread filter while placing new orders. Added a check with broker values: if a not allowed value has been set it will be auto-modified accordingly. How Does Mini Lot Trading Minimizes Risk? A mini lot is a lot of 10,000 units of a country’s base currency.
10th of the size of a 100,000 unit standard lot. For instance, if you’re trading on an account using U. Because of this, even experienced traders like to use mini lots to finely tune their exposure to a market. With the increase of algorithmic trading, trade size is rarely done in full blocks because the risk exposure from 500,000 to 600,000 is rather large when you can easily move from 500,000 to 510,000. A common misconception many traders have is that they can get appropriate feedback on their trading strategy and how well they’ll be able to manage risk live by using a practice account. While entries and exits and risk management can be refined through a virtual money practice account, traders typically don’t understand how they will react to big moves in the market until real money is on the line.