Description
Prismatic Trader EA_MQL4: It employs a Multi-MA Crossover trading strategy and offers full customizability of the MQL4 code.
📈 What is Prismatic Trader EA (MQL4)?
Prismatic Trader EA (MQL4) is an Expert Advisor developed using the MQL4 language and designed to work seamlessly on the MT4 platform. It employs a Multi-MA Crossover trading strategy and offers full customizability of the MQL4 code. This makes it ideal for developers looking to extend and enhance the EA’s functionality to align with their own trading strategies.
Thank you for reading this post, don't forget to subscribe!🔍 EA Structure Order Execution (Buy/Sell):
- Uses the “Condition” command along with “No trade” to filter out high-quality trading signals.
- Incorporates “Custom MQL Code” for advanced processing, adding flexibility and precision in order execution.
Pending Order System:
- The “Buy pending order” and “Sell pending order” systems allow the EA to set up trades in advance as soon as trading opportunities are identified.
- This feature minimizes the chance of missing profitable trades during rapid market movements.
Automated Order Closing System:
- Utilizes “Trailing pending orders” and “Modify Variables” to adjust parameters automatically.
- Helps ensure the EA can close orders at the optimal moment, reducing risk and enhancing profit opportunities.
🌟 Key Features of Prismatic Trader EA (MQL4)
- High Flexibility: The ability to modify the MQL4 code makes the EA adaptable to even the most complex trading strategies.
- Automated Trade Management: Minimizes risk and increases precision with the Dynamic Pending Order system.
- Versatile Market Adaptability: The Multi-MA Crossover system allows the EA to adapt to various market conditions and timeframes.
- Developer-Friendly: Ideal for developers looking to enhance and optimize automated trading systems.
💼 Technical Specifications
- Recommended Initial Capital: $100 USD (Cent) or $1,000 USD (Standard)
- Lot Management: Autolot system that automatically adjusts lot size based on account equity
- Order Closing System: Uses Dynamic Stoploss and Trailing Stop features
- Trading Symbols: EURUSD, GBPUSD, USDJPY
- Timeframes: 1 Hour
⚠️ Warnings and Precautions
- It is recommended to backtest with 99.9% Tick Data before using the EA in a live trading environment.
- Start with a Demo Account to fully understand the EA’s functionality.
- Forex trading and the use of Martingale strategies involve high risk. Proper risk management is essential.
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Prismatic Trader EA, MQL4, Expert Advisor, Multi-MA Crossover, Forex Trading Strategy, Dynamic Pending Order, MetaTrader 4, Automated Trading, Custom MQL4 Code, Risk Management
