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ALGO TREND EA MT4 – Full Input Settings Analysis
Algo Trend EA is an automated and programmed forex trading technique used to operate on well-known MetaTrader 4. EA is based on a good trading strategy and offers backtesting report data provided by the developer as well as genuine, verified account performance. Once installed, Algo Trend EA assists traders in making smart decisions through evaluation of significant market indicators like momentum, volatility, and volume in an effort to locate potential trading opportunities.
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Set up a transaction
- First Order Lot Size
0.01 – Opens first trade with 0.01 lot (very small, best for small accounts). - Trade Off Time Zone
Local Time Zone – Indicates the local time zone of the machine (not GMT). - Unknown Parameter
true – Name not provided, assuming a generic trade on/off switch. - Trade Off Start Hour
00:00 – Trading opens at midnight. - Trade Off End Hour
23:59 – Trading ends at 11:59 PM (24/7 active). - Symbol Limit
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10 – EA will purchase and sell a maximum of 10 currency pairs from the list provided. - Order Magic Number
1 – Unique identification number for this EA to handle its trades on its own.
Order placement strategy
- First Order TP (Take Profit)
10.0 – First order Take Profit is 10 pips. - Circle Reposal Minutes
90 – The time difference between opening new cycles of trade must not be less than 90 minutes. - SL (Stop Loss)
0 – Stop Loss is not triggered (aggressive strategy). - Trailing Stop Pips
15.0 – Trailing Stop is triggered when the trade is profitable by 15 pips or more.
Breakeven Management
- Leverage Break Even On First Order
true – Enables breakeven for the first order. - Break Even Start After Pips
10.0 – Breakeven is activated once the trade is in profit by 10 pips. - Break Even Plus Pips
1.0 – Moves Stop Loss 1 pip above the entry (locks in small profit).
Key Takeaways
- Adjustable Settings: It allows you to adjust settings according to your choice.
- Automated Trend Trading Strategy: Algo Trend employs a trend-following system, searching and analyzing weak and strong currency pairs.
- MetaTrader Compatibility: It is MetaTrader compatible on platforms.
- Risk Management Features: Provides stop loss, take profit, and trailing stop features.