The Trailing Stop expert advisor has been created to help traders manage winning trades and baskets of trades, by trailing the price oncen it goes in the trader’s favor. The main idea that led to this Trailing Stop EA was that many traders are not so good at managing winning trades. While sooner or later every trader learns how to spot the trend, when to enter a trade, what forex news to trade and so on, many traders are closing winning trades to soon or to late.
By trailing the price with the stop-loss, traders ensure that profit has been locked at certain levels
The RobotFX Trailing Stop expert advisor will eliminate those frustrating situations when you close a trade earlier than you should and the price continues to go in your favor, or when you wait for to long and the price reverses, so your winning trade becomes a losing trade. The expert advisor can trail the price using various methods:
After a number of pips or points (the classic trailing method)
At the last candlestick’s end (+ a buffer in points)
Trails using Metatrader’s indicators: MA (moving average), PSAR (parabolic stop and reverse), fractals, ATR (average true range)
Trails using a percentage of the profit
It is important to specify that the trader has the ability to change (within the expert advisor’s settings) the indicators values as well as the time-frame they are applied to. Also, that the expert advisor can trail multiple trades (basket) of the same kind.
Trailing can be done by simply using the MetaTrader built it indicators
The RobotFX NonLagMA expert advisor was built for traders trading with the trend and whose forex trading strategy is defined by the “trend is your friend” motto. This Metatrader expert advisor is very similar to the Fluid expert advisor by the fact that its main functions are the same. NonLagMA EA trades with the trend, buys in uptrend and sells in downtrend Technically the RobotFX NonLagMA EA can: 1. detect the trend (uses the nonlagma indicator color, price position or both) 2. enter (or exit a winning trade/basket) on the nonlagma indicator signal 3. trails the price - for the winning trades 4 hedges the zone recovery or with the trend - for the losing trades (a regular stoploss can also be used) To trade using the expert advisor as it was designed to do, the trader must first choose an option for the EA to establish the trend. This will be accomplished by the trend nonlagma detector and it can be based on the indicator’s color (black=sell, white=buy), the price position regarding
The RobotFX MACD expert advisor ideology is meant for the traders that are familiar and use the moving average convergence divergence (MACD) indicator in their trading decisions. The MACD EA is easy to set up and use, as it can be seen from its settings below. The MACD expert advisor uses the Stochastic indicator for entry confirmation To make sure the expert advisor trades in the right direction (ie with the trend) the trader can choose to follow the trend given by the same MACD settings used to enter/exit the trades. The trader can choose any other values depending on the traded pair. The trading signals are based on the intersection of the MACD’s signal line and the main line. Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up. The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers. The trader has also the option t
The RobotFX Renko Chart is an expert advisor that allows the creation and use of the renko bars charts on Metatader. As you probably know already, the Metatrader doesn’t have renko bars, its defaults being candlesticks, line and bars. This Renko expert advisor allows the creation of renko charts on MetaTrader Before you load the EA on the chart it is recommended that you switch to the M1 time-frame and uncheck the autoscroll box (see above). Then keep pressing the Page Up button on your keyboard so the chart will scroll back a few months to load the history data. By default, the Renko EA will build renko charts of 10 pips bar size. You have the possibility to change the bar size with any other value (in pips) you want or use the automatically calculated ATR bars. Don’t forget to click the MetaTrader’s AutoTrading button. After the expert advisor loads on the M1 chart and creates the offline renko bars chart (default timeframe is M2) you should see the instructions in the left corner of
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