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Basic Forex Sentiment Trader EA

FREE

Published: 24 April 2024

Current version: 1.179

Basic Forex Sentiment Trader EA

Name: Basic Forex Sentiment Trader EA
Rating: 4.5 (2 reviews)
Author: SALVADOR MARTINEZ RAMOS

4.5

Utilities
SALVADOR MARTINEZ RAMOS
Version: 1.179
Updated: 24 April 2024

I have created this Free MT4 Tool EA to test if it is more profitable to trade in favor of the mass sentiment of traders or it is better to go against it.

The EA is Multy-currency and can trade on Demo or Real if you want (but be carefully, this tool is made to understand if it is better to trade for or against market sentiment... Use at your own risk)

Remember to authorize Myfxbook url in WebRequest options in MT4. - Check the Video to know how to do it

You cannot baktest this tool since it operates in real time with current data from the market sentiment website.

You can choose any currency pairs you want (I recommend major pairs with less spread) as long as you have them active on MT4 Market Watch.

If the EA is configured to trade in Favor of Market Sentiment, it will open trades in currency pairs that are equal to or higher than the default percentage value chosen (Default 80, but you can choose the percentage you want) and close if it goes down. at 50%

If you want to choose to trade Against of Market Sentiment, suppose that the market sentiment is more than 80% Long in EURUSD, then the EA would open a sell order in EURUSD and the order would be closed when the Long drops to 50%

Please leave your suggestions, opinions and comments to support me and know if you like my work as well as possible functions to add in future updates. Thank you!

more...

861

Ozren Ljevar 2024.05.04 13:19 #

Thank you Winidecorw for genuine EA strategy.. I have good results using it following the market sentiment ... I would like to see some additional filters (popularity) ,and I hope that you will continue to improve this EA , as well to make 'premium' version to work on paid Myfxbook sentiment which is uploaded every 15 seconds..Lower your spread , reduce commission fees, increase your profit ! +++ https://www.cashbackforex.com/#aid_351291 +++

1054

lengendmt4 2024.04.29 14:51 #

Working fine in opening and exit functions. Will be good if can choose update interval from myfxbook. Or can choose setting individually for each pairs. Can consider in paid options.

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Filter:

861

Ozren Ljevar 2024.05.04 13:19 #

1054

lengendmt4 2024.04.29 14:51 #

Working fine in opening and exit functions. Will be good if can choose update interval from myfxbook. Or can choose setting individually for each pairs. Can consider in paid options.

1457

Reply from developer SALVADOR MARTINEZ RAMOS 2024.05.01 17:21 #

Hello!
Maybe I can add it in future updates

Version 1.179 2024.04.24

Minimum change due to conflict with the name of the Ea