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The Forex Trend (FX-Braid-EA) mechanical trading system is a trading expert written in the MQL4 language. This Expert Advisor is ideal for traders who prefer to trade on the chart (Trade in One Click) or use scalping in their strategy. All you need is to attach the Expert Advisor on the chart with the currency pair you are interested in, select the chart period, set the Take Profit value in points to close the order. That’s it!
You can start trading, and the Expert will close your orders upon reaching the Take Profit level you set. In the Expert, the Auto-trade function is suspended on the EURUSD pair on the hourly chart period. It can be used as an additional income.
The Expert Advisor also provides for the possibility of hedging orders.
More detailed information about the system and its settings is available in the User Manual after its purchase.
DETAILED INSTRUCTIONS INSIDE
Tips and recommendations.
Open trading accounts with the maximum allowable Trading Leverage. As the leverage changes, the Expert Advisor will automatically change the Lot size for the new leverage (if Auto-trading is used).
It is recommended to use the Expert Advisor on accounts with 4- and 5-digit quotes with a fixed spread (if Auto-trading is used). For 4-digit quotes, the spread for the EURUSD pair is 2-3 points. For 5-digit quotes, the fixed spread for the EURUSD pair is within 10-20 points. The floating spread, due to its frequent changes, does not always correctly affect the indicator readings.
When using the Auto-trading option, set the Trailing_Point value within 19-21 points. So that the total value, including the allowable Stop Loss value, does not exceed 23-25 points.
It is recommended to trade one Lot. You can choose the Lot size in the system settings.
When Auto-trading on the EURUSD pair, if the order has given a drawdown, do not rush to close it. The expert himself will close the order, upon reaching the conditions laid down in it. Because the market is cyclical, closing a sagging order may be at breakeven or with minimal loss. During the period of subsidence, the Expert can open hedging orders. Drawdown can last a maximum of 5 working days.
Do not rush to withdraw profits. Let the expert gain momentum.
It is not recommended to use an Expert Advisor with Auto-trading enabled on PAMM accounts where Rollover is provided (closing open positions at a certain time). If you decide to use it on such accounts, set the maximum allowable Rollover (from 7 days or more).
Do not forget, Auto-trading is configured for the EURUSD currency pair and the hourly chart (H1).
1-Click trading is enabled constantly and is available on all pairs and time frames.
Visual information for BUYING or SELLING (shown by the arrows in the figure) is purely advisory in nature. The decision to enter the market is always yours.
