Description
(Mqlrobot) Multi-Timeframe Price Action EA: The Ultimate Automated Trading Solution
The (Mqlrobot) Multi-Timeframe Price Action EA is a fully automated trading system designed to capitalize on price action strategies across multiple timeframes. Developed using MQL4 and Fxdreema, this Expert Advisor (EA) offers a systematic approach to trading by combining multi-timeframe analysis, pending orders, and dynamic grid trading.
Thank you for reading this post, don't forget to subscribe!Key Features of the Multi-Timeframe Price Action EA
- Multi-Timeframe Analysis: Executes trades based on price action signals across different timeframes (e.g., H1, H4).
- Pending Order Strategy: Places buy and sell pending orders at key price levels (High/Low of the previous candle).
- Grid Trading Strategy: Expands trade orders dynamically using grid distance multipliers (Grid Distance x2).
- Risk Management: Incorporates cut-loss mechanisms and backtesting features to manage risk effectively.
- Dynamic Lot Sizing: Adjusts lot sizes based on trade signals and market conditions.
- Automated Trade Management: Automatically deletes pending orders when conditions change.
How the EA Works: Step-by-Step Strategy
1. Opening Pending Orders Based on Price Action
- The EA starts by verifying that no active trades or pending orders exist.
- Analyzes bullish and bearish candle patterns to set pending buy/sell orders.
- Uses multi-timeframe signals (H1, H4) to increase trade accuracy.
2. Executing Trades with Grid Strategy
- When trades are active, the EA employs a grid strategy to scale positions effectively.
- Expands grid distance dynamically and ensures no nearby trades conflict with new entries.
- Validates additional trade entries using specific candlestick patterns and grid rules.
3. Profit Management and Trade Closure
- Monitors trade profitability in pips and closes trades automatically when profit targets are reached.
- Uses backtesting mode to simulate strategy performance under real market conditions.
- Resets trading variables to maintain a disciplined trading cycle.
4. Risk Management and Pending Order Deletion
- Includes a risk management feature that deletes pending orders under specific conditions.
- Uses dynamic lot sizing and cut-loss features to maintain optimal risk exposure.
Why Choose the Multi-Timeframe Price Action EA?
- Accurate Trade Signals: Leverages multi-timeframe analysis for high-probability trades.
- Advanced Risk Management: Manages trades with pending order deletion and cut-loss mechanisms.
- Efficient Performance: Supports backtesting with 99.9% Tick Data for robust strategy validation.
How to Get Started
- Download the EA from Mqlrobot.com.
- Install it in your MetaTrader 4 (MT4) platform.
- Backtest the EA with 99.9% Tick Data for optimal settings.
- Monitor performance and adjust inputs as needed.
Follow Us for Updates and Support
- YouTube: https://www.youtube.com/@mqlrobot
- Facebook: https://www.facebook.com/mqlrobot
- TikTok: https://www.tiktok.com/@mqlrobot
- Contact Support: https://mqlrobot.com/contact-us/
- Line Support: https://page.line.me/143kgzhe
👉 Download the MQL File Now 👈
The (Mqlrobot) Multi-Timeframe Price Action EA is a powerful trading tool that allows traders to automate their trading strategies using advanced price action techniques. Its combination of multi-timeframe analysis, grid trading, and automated trade management makes it a valuable addition to any trading portfolio. Enhance your trading strategy today with this robust EA!
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