Description
EMA RangeMaster EA_MQL4: EMA combined with a Dynamic Martingale system.
📈 What is EMA RangeMaster EA (MQL4)?
EMA RangeMaster EA (MQL4) is an Expert Advisor developed in MQL4 language and designed specifically for the MetaTrader 4 (MT4) platform. This EA utilizes market analysis through the Exponential Moving Average (EMA) combined with a Dynamic Martingale system. It allows full customization of MQL4 code, enabling developers to extend and tailor strategies to suit their unique trading styles.
Thank you for reading this post, don't forget to subscribe!🔍 EA Structure Trading System (Buy/Sell):
- Configured with “Once per bar” to prevent repeated order execution within the same candle.
- Uses “Set Flag” and “Condition” to manage order execution and filter accurate signals.
Dynamic Martingale System:
- Applies “Formula” and “Custom MQL Code” to adjust lot size according to market conditions.
- Utilizes “Loop (pass ‘n’ times)” to control the number of repeated trades within defined conditions.
Automated Order Closing System:
- Implements “Check profit (unrealized)” to calculate unrealized profits and losses.
- Uses “Close trades” for automatic closure of orders when predefined profit or loss targets are reached.
🌟 Key Features of EMA RangeMaster EA (MQL4)
- Customizable MQL4 Code: Allows developers to add features and modify strategies freely.
- Dynamic Martingale to Reduce Risk: Opens recovery trades only when there are clear signals, with risk filtering using the ATR indicator.
- Automated Risk Management: The Autolot system automatically calculates lot sizes based on account size.
- High Flexibility: Enables full input customization and trade execution conditions.
💼 Technical Information
- Recommended Starting Capital: $100 USD (Cent) or $1,000 USD (Standard)
- Lot Management Type: Autolot (Automatically adjusts lot size based on capital)
- Order Closing System: Utilizes Dynamic Stoploss and Take Profit
- Trading Symbols: EURUSD, GBPUSD, USDJPY
- Timeframe: 1 Hour
⚠️ Warnings and Precautions
- Perform a Backtest with 99.9% Tick Data before using the EA on a live account.
- Always start with a Demo Account to fully understand how the EA works.
- Investing in the Forex market and using a Martingale system carries high risk. Ensure proper risk management is in place.
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EMA RangeMaster EA, MQL4, Expert Advisor, Dynamic Martingale, EMA Strategy, Forex Sideway, Autolot Trading, MetaTrader 4, Automated Trading, ATR Indicator
