(Mqlrobot) Risk Fixed Money Action EA: designed to manage Forex trades with a fixed amount of risk capital.

(Mqlrobot) Risk Fixed Money Action EA: The Ultimate Automated Trading Solution

The (Mqlrobot) Risk Fixed Money Action EA is a fully automated trading system designed to manage Forex trades with a fixed amount of risk capital. Developed using MQL4 and Fxdreema, this Expert Advisor (EA) provides traders with a strategic approach to trading by integrating advanced price action strategies and precise risk management techniques.

Key Features of the Risk Fixed Money Action EA

• Automated Trading: Executes buy and sell trades automatically based on market conditions.
• Price Action Strategy: Utilizes candlestick patterns such as Bullish and Bearish Engulfing to generate trade signals.
• Fixed Money Risk Management: Trades with a predefined amount of risk, allowing traders to manage their exposure effectively.
• Cut Loss Mode: Integrated cut loss feature to automatically close trades when risk parameters are breached.
• Engulfing Signal Confirmation: Employs ‘Engulfing’ patterns as a confirmation signal for both buy and sell orders.
• Data Management: Tracks trade losses and updates trading variables using custom MQL code for accurate risk assessment.

How the EA Works: Step-by-Step Strategy

1. Opening the First Order

• The EA starts by checking if there are no active trades.
• It evaluates candle patterns (Bull and Bear Candles) to identify market direction.
• Executes buy or sell orders using a fixed amount of money at risk (Risk_Money_Lots_BS).

2. Price Action Confirmation

• Utilizes specific candlestick formations where the candle body size of id3 is greater than id2 and id4 is greater than id3.
• Confirmation of trade direction is validated through ‘Engulfing’ patterns, which provide stronger entry signals.
• The ‘Once per bar’ filter ensures only one trade is executed per candle, reducing overtrading.

3. Loss Management Strategy

• The EA includes a loss management function to monitor each closed trade for potential losses.
• When a loss is detected, it modifies variables to save loss data and integrates custom MQL code to manage risk effectively.
• Implements a ‘Count Loss Order’ mechanism to track and control the number of consecutive losses.

4. Cut Loss Mode

• Traders can activate or deactivate the cut loss feature through an ‘On-Off’ switch.
• When active, it checks for cut loss conditions and closes all trades if necessary.
• The EA resets trading variables to prepare for the next trading cycle, maintaining capital safety.

Why Choose the Risk Fixed Money Action EA?

• Effective Risk Management: Ensures every trade has a predefined risk, protecting trading capital.
• Price Action Mastery: Leverages strong candlestick patterns to enter trades with high probability.
• Customizable Control: Allows traders to manage cut loss features and adjust risk settings as needed.

How to Get Started

1. Download the EA from Mqlrobot.com.
2. Install it in your MetaTrader 4 (MT4) platform.
3. Backtest the EA with 99.9% Tick Data for optimal settings.
4. Monitor performance and adjust inputs as needed.

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The (Mqlrobot) Risk Fixed Money Action EA is a powerful tool for traders who prioritize strict risk management while utilizing robust price action strategies. Its integration of custom MQL code, precise trade entry signals, and automatic cut loss mode makes it an ideal choice for both novice and experienced Forex traders. Secure your copy today and elevate your trading performance!

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