Description
(Mqlrobot) Heiken Ashi BB TPSL EA: Trade Comfortably with Trend Reversal Style Using Heiken Ashi and Bollinger Bands
(Mqlrobot) Heiken Ashi BB TPSL EA is an Expert Advisor (EA) developed using MQL4 on the FxDreema platform. This tool allows traders to easily create and customize EAs, making it highly flexible and adaptable for further strategy development.
Thank you for reading this post, don't forget to subscribe!This EA is ideal for investors who want a trend trading system that uses Heiken Ashi and Bollinger Bands to analyze market direction and trend strength while incorporating Take Profit and Stop Loss systems to mitigate risk and secure profits.
📌 Structure and Operating System
✔ Opening Orders:
- The EA opens buy or sell orders when the Heiken Ashi candlestick changes color and the price crosses the Bollinger Bands line
- The EA considers candlestick position and band direction before executing trades
✔ Closing Orders:
- The EA will close orders when the price reaches the set Take Profit or Stop Loss
🎯 Notable Features
✔ Fully Customizable Input Values: Traders can modify Heiken Ashi values, Bollinger Bands values, Take Profit/Stop Loss levels, and Lot size
✔ Max Order System: Limits the number of active orders to control risk
✔ User-Friendly Interface: Easy to use, even for beginners
📌 EA Details
📌 EA Type: Trend Reversal EA
📌 Development Language: MQL4 and FxDreema
📌 Recommended Initial Capital: 100 USD per 0.01 lot
📌 Lot Output Type: Fixed Lot
📌 Trading System: Heiken Ashi + Bollinger Bands
📌 Closing System: Take Profit and Stop Loss
📌 Trading Symbol: EURUSD
📌 Timeframe: 1 Hour
⚠️ Warning
⚠ Trading with EA involves risks. Users should study the EA functionality and test it thoroughly before live trading
⚠ Users are responsible for any risks that may arise from using the EA
⚠ Recommended to Backtest with 99.9% tick data to evaluate EA performance before actual deployment
🚀 Conclusion
The (Mqlrobot) Heiken Ashi BB TPSL EA is an efficient trading system designed for trend trading. While it follows a simple structure, it effectively incorporates risk management with Take Profit and Stop Loss systems. It is suitable for beginners and traders looking for a straightforward trading approach.
📌 For more details, visit: mqlrobot.com
Automated Trading, MQL4, Expert Advisor (EA), EX4, Heiken Ashi, Bollinger Bands, Trend Reversal, EURUSD, Take Profit, Stop Loss
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