Market / MetaTrader 4 / Experts /

Callous

649 USD

Demo downloaded: 3

Published: 29 October 2024

Current version: 2.10

Callous

Experts
HUSEYIN CETINEL
Version: 2.10
Updated: 1 November 2024
Activations: 5

General Definition

Callous EA is an Expert Advisor (EA) software developed for automatic trading in the Forex market. Callous EA allows users to instantly react to market conditions by automating trading strategies. Callous EA aims to improve investors' trading performance by providing comprehensive features in risk management, market analysis and order management.

Live Signal: https://www.mql5.com/en/signals/2267456

PARITY : USDJPY

TIME FRAME: H4

Callous EA is optimized for USDJPY pair. It may not be profitable for other pairs.

All trades are protected by stop loss and the recommended stop loss distance is only 100 pips. Thanks to the short stop loss, your capital is under your control.

Does not use dangerous strategies. Transactions are closed on the same day and are not transferred to the next day.

INPUTS AND THEIR MEANINGS

Stop loss pips: (Recommended Setting 100)
- Specifies the stop loss level for open positions in pips. For example, when set to 200 pips, the stop loss level is set to limit a loss of 200 pips for an open position.
Take profit pips : (Recommended Setting 570)
- It specifies the take profit level determined for open positions in pips. The 5.00 pip value ensures that the take profit level is automatically determined with a profit target of 500 pips when the position is opened.
Number of Candles to Look Back : (Recommended Setting 13)
- Specifies the number of candles to be used to analyze historical candle data for the trading strategy. For example, when set to 13, the highs and lows of the last 13 candles are taken into account.
Spread Value of Parity : Write the approximate spread value of your broker.
Set to 1: This setting will be set to 1.
Percentage of balance to be risked per transaction:
- Specifies the percentage of the account balance that will be risked on each trade. For example, when set to 1, 1% of the account balance will be risked on each trade.
EA Start Time:
- Specifies the time at which the EA will start trading. When set to 12, it will cause the EA to start trading at 12:00 PM.
EA Closing Time:
- Specifies the time at which the EA will stop trading. When set to 17, it will cause the EA to stop trading at 17:00.
Magic number:
- A unique number used to identify trades opened by the EA. This number can be used to distinguish EA trades from other trades. For example, when set to 20241029, this number identifies EA trades.

These inputs define the parameters required to determine and manage the EA's trading strategy. By changing these values, the user can customize the EA's trading behavior.

Key Features

Dynamic Lot Calculation
- Goal : To help users manage their risk with every trade.
- Description : The user determines the percentage of the account balance that they will risk for each trade. The EA calculates the dynamic lot size using this percentage. Thus, the appropriate lot size is automatically calculated according to the risk ratio that the users set for each trade.
Stop Loss and Take Profit Settings
- Goal : To make the trading strategy safer.
- Description : The user can specify the stop loss and take profit levels in pips. Callous EA automatically calculates these levels and opens orders at appropriate prices for each trade. This feature is critical for limiting losses and securing profits in trading.
Time Control
- Goal : To ensure that trading transactions are carried out only within specified time periods.
- Description : Callous EA trades at user-defined time intervals. The user can set the hours at which trades will be opened and closed. Thus, it offers an ideal solution for users who want to trade at times when market volatility is low.
Balance Check
- Goal : To protect users' investments.
- Description : EA constantly checks the available balance. This prevents users from taking unnecessary risks and increases the security of their accounts.
Pending Order Management
- Goal : To manage pending orders in accordance with market conditions efficiently.
- Description : Callous EA places new pending orders after closing open positions. When closing open positions or opening new positions according to current market conditions, the user uses the EA's automatic management to ensure the appropriateness of these orders.
Broker Limits Control
- Goal : To ensure that orders comply with the minimum stop levels set by the broker.
- Description : Callous EA checks if the stop loss and take profit levels are in line with the minimum stop level allowed by the broker. This feature prevents potential trading errors and allows users to trade more securely.
Market Analysis
- Goal : To identify appropriate entry points using past price action.
- Description : Callous EA performs market analysis taking into account the specified number of candles (Lookback Bars). The user creates buy stop and sell stop orders based on the high and low levels of the last X candles. Thus, a quick response to market fluctuations is provided.
Error Management and Notifications
- Goal : To inform the user about possible error situations.
- Description : Callous EA monitors trading errors and provides users with detailed error messages. This way, users can solve potential problems faster and more effectively.
User Friendly Interface
- Goal : To provide an accessible experience for both beginners and experienced traders.
- Description : Callous EA has an interface that users can easily understand and use. Users can benefit from their automatic trading experience by simply making the necessary settings.

Areas of Use

Callous EA is designed for Forex traders who want to implement various trading strategies. It is suitable for both beginners and experienced traders. Thanks to its customized settings and user-friendly interface, it offers an effective trading experience for everyone.

Beginners : Callous EA helps users understand trading strategies while also saving time in the market with automated trades.
Experienced Traders : Thanks to its advanced analysis and order management features, Callous EA allows experienced traders to implement their strategies faster and more effectively.

Conclusion

Callous EA is a powerful tool designed for investors who want to be successful in Forex trading. The fact that it responds quickly to market conditions, allows users to effectively manage their risks, and enhances the user experience with automatic order management makes this software remarkable. If you want to automate your trading strategies, better evaluate market opportunities, and trade more safely, Callous EA offers a great opportunity to experience it. This EA is an indispensable tool for any investor who wants to be more active in the Forex market.

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Version 2.10 2024.11.01

Hata düzeltmeleri.

Version 2.0 2024.10.29

Added Candle Based Trailing Stop feature.

Version 1.10 2024.10.29

Bug fixes have been made.