Market / MetaTrader 4 / Utilities /

Forex Sentiment Trader PRO EA

30 USD

Published: 28 July 2024

Current version: 1.24

Forex Sentiment Trader PRO EA

Utilities
SALVADOR MARTINEZ RAMOS
Version: 1.24
Activations: 5

I have created this 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.

Remember to authorize Myfxbook url in WebRequest options in MT4. - Check the Video to know how to do it Basic Forex Sentiment Trader (The video is from Basic EA, but is the same in the PRO EA)

This is the PRO version from Basic Forex Sentiment Trader EA with more features:

Market Sentiment update every 30 minutes instead of 1 hour
SL
TP
BreakEven
Trail SL
Daily Target Profit
Max Daily DrawDown (Useful for prop firm)
Max Spread
Custom Trade Comments

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)

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 60%

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 60%

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...

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News Filter Alerts EA. Low, Medium & High impacts News This EA will not work on the Demo version in backtest You only need to authorize this url in the MT4 options: To see the url and how to add it to MT4, visit this post: https://www.mql5.com/en/blogs/post/754794 Many traders will recommend NOT trading during the news since indicators and Expert Advisors tend to make mistakes unnecessarily arriving several times in SL in a very few minutes since at that moment some politician is ta

FREE

This MT4 EA created by me to help you test Your Manual Trading strategies. The EA Automatically place: SL TP Trail SL Break-Even M.Basket Trail SL based on the distance of an EMA Lot or Lot multiplier And the multiple possible combinations. Once configured, you only have to hit the buttons The EA will place the Lot, the SL, TP, Basket, or Trail automatically so that you can focus on your strategy. The EA will work in Backtest or Live Trading, Real, or Demo.

30 USD

The Average Daily Range Levels indicator shows the ADR levels on the chart as if they were supports and resistances and is updated daily. By default the indicator uses the 5-day average of the daily range. There are several strategies that suggest that these levels can be used to determine where the price can bounce and it is often said that the price can typically move 75% of the ADR. In future versions I may add alerts at each level Can you suggest any changes? Greetings!

30 USD

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