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Assistant MT4


ASSISTANT Expert Advisor (EA) designed to complement manually opened positions can significantly streamline trading processes. For currency pairs exclusively, this EA could operate within the MetaTrader platform, for instance. Here’s an outline of its features and functionalities:

Supplementing Manual Trades:

Upon a trader manually opening a position, the EA gets activated to assist and manage that specific trade.
Customizable Settings:

Parameters can be set at the beginning to define how the EA will handle subsequent positions. These might include:
Lot size adjustment: Based on risk tolerance or account balance.
Take Profit (TP) and Stop Loss (SL) levels: Setting predefined exit points.
Trailing Stop: To lock in profits as the trade moves favorably.
Time-based management: Setting durations for trades.
Technical Analysis Integration:

Utilizing technical indicators (Moving Averages, RSI, MACD, etc.) to trigger actions, like closing or modifying positions.
Risk Management:

Implementing a risk-reward ratio to ensure that potential losses are capped relative to potential gains.
Providing options for hedging or partial closing to secure profits while minimizing risks.
Notifications and Alerts:

Sending alerts or notifications to the trader’s preferred platform or device upon specific trade events (e.g., hitting TP or SL).
Currency Pair Specific:

Designed exclusively for currency pairs, the EA ignores trading signals for gold and indices.
Backtesting and Optimization:

Allowing historical data testing to optimize settings and strategies for better performance in real-time trading.
User-Friendly Interface:

A simple and intuitive interface for users to easily configure and modify settings according to their trading preferences.
Continuous Support and Updates:

Regular updates to adapt to market conditions and address any technical issues or improvements.
Compliance with Trading Regulations:

Ensuring that the EA operates within the guidelines of relevant regulatory bodies and does not engage in prohibited trading practices.
This EA serves as an invaluable tool for traders by automating routine tasks and maintaining discipline in executing trading strategies. However, it's crucial for traders to regularly monitor and adjust settings according to changing market conditions and their evolving trading objectives.
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Turn any trading strategy into a position trading strategy or trade the proven RSI & ADR based position trading strategies, including automated drawdown control system for positions that move against you. This EA is an evolution and a simplification of the MRA EA that has been used for position trading strategies taught on the Market Structure Trader website for many years. See my profile for a link to the website, free position trading course and other products. The EA will automatically scale
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Please leave a 5 stars rating if you like this free tool! Thank you so much :) The "Risk Management Assistant" Expert Advisor Collection is a comprehensive suite of tools designed to enhance trading strategies by effectively managing risk across various market conditions. This collection comprises three key components:   averaging ,   switching , and   hedging   expert advisors, each offering distinct advantages tailored to different trading scenarios. This EA is a   development   of standard r
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Please leave a 5 stars rating if you like this free tool! Thank you so much :) The "Risk Management Assistant" Expert Advisor Collection is a comprehensive suite of tools designed to enhance trading strategies by effectively managing risk across various market conditions. This collection comprises three key components:   averaging ,   switching , and   hedging   expert advisors, each offering distinct advantages tailored to different trading scenarios. This EA is a   development   of standard r
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Please leave a 5 stars rating if you like this free tool! Thank you so much :) The "Risk Management Assistant" Expert Advisor Collection is a comprehensive suite of tools designed to enhance trading strategies by effectively managing risk across various market conditions. This collection comprises three key components:   averaging ,   switching , and   hedging   expert advisors, each offering distinct advantages tailored to different trading scenarios. This EA is a   development   of standard r
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Please leave a 5 stars rating if you like this free tool! Thank you so much :) The "Risk Management Assistant" Expert Advisor Collection is a comprehensive suite of tools designed to enhance trading strategies by effectively managing risk across various market conditions. This collection comprises three key components:   averaging ,   switching , and   hedging   expert advisors, each offering distinct advantages tailored to different trading scenarios. This EA is a   development   of standard r
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Please leave a 5 stars rating if you like this free tool! Thank you so much :) The "Risk Management Assistant" Expert Advisor Collection is a comprehensive suite of tools designed to enhance trading strategies by effectively managing risk across various market conditions. This collection comprises three key components:   averaging ,   switching , and   hedging   expert advisors, each offering distinct advantages tailored to different trading scenarios. This EA is a   development   of standard r
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Please leave a 5 stars rating if you like this free tool! Thank you so much :) The "Risk Management Assistant" Expert Advisor Collection is a comprehensive suite of tools designed to enhance trading strategies by effectively managing risk across various market conditions. This collection comprises three key components:   averaging ,   switching , and   hedging   expert advisors, each offering distinct advantages tailored to different trading scenarios. This EA is a   development   of standard r
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Grandmaster
Agus Santoso
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MT4 Version : https://www.mql5.com/en/market/product/86275 MT5 Version : https://www.mql5.com/en/market/product/94339 The "Liquidity Side" Expert Advisor is a sophisticated tool designed for traders in the forex or stock markets who seek to capitalize on liquidity areas. It employs a methodical approach to identify and exploit zones where significant orders are clustered, potentially indicating strong liquidity and market interest. At its core, the advisor utilizes a proprietary algorithm to
MT4 : https://www.mql5.com/en/market/product/88159 MT5 : https://www.mql5.com/en/market/product/104672 "Volatility Switching" is an advanced Expert Advisor (EA) meticulously designed for traders seeking to optimize their positions in dynamic market environments. This EA operates on the principle of recognizing market volatility and dynamically adjusting its strategies to mitigate risk and enhance profitability. By employing the Open Position method with a keen eye on volatility and incorporati
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Version 1.2 2023.12.18
v 1.2 - update code
Version 1.1 2023.12.17
v 1.1 - update code