BoS CHoCH Trader
- Эксперты
- Usiola Oluwadamilol Olagundoye
- Версия: 1.50
- Обновлено: 20 июля 2024
- Активации: 5
FREE EA for GOLD, M1 Gold Trader can be found here: https://www.mql5.com/en/market/product/120543
The Indicator for this Expert Advisor can be found here: https://www.mql5.com/en/market/product/113665
Introducing the MetaTrader 5 Expert Advisor (EA) designed to capitalize on the Break of structure and change of character in price action, offering a comprehensive approach to trading. Here are its key features:
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Break of Structure and Change of Character Trading: The EA identifies significant shifts in market dynamics, recognizing when price action breaks key structural levels and undergoes a change in character, indicating potential trading opportunities.
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Customizable Start and End Time: Traders can specify the start and end times during which the EA actively monitors and executes trades, allowing for flexibility based on preferred trading hours or market sessions.
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Breakeven Trigger: Incorporates a breakeven trigger mechanism that automatically adjusts the stop loss to breakeven once the trade has reached a predefined distance, expressed as a multiple of the spread, helping to protect profits and reduce risk.
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Swing Extreme Trailing Stop: Utilizes a trailing stop feature that dynamically adjusts the stop loss level based on swing highs and lows, allowing for potential profit maximization while preserving capital during price retracements.
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Trailing Stop to "Z" Candlestick Extreme: Implements a trailing stop strategy that tracks the extreme price level of specific candlestick formations, such as the "Z" candlestick pattern, providing a dynamic exit strategy based on recent market behavior.
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Stop Loss Modification Protocol: Incorporates a protocol to adjust the stop loss level when a candle closes above or below the opening price, enabling the EA to adapt to evolving market conditions and manage risk effectively.
These features collectively empower traders to execute well-informed trades, capitalize on market dynamics, and adapt to changing price movements while employing risk management techniques to enhance profitability and protect against adverse market conditions. The EA offers a comprehensive solution for traders seeking to optimize their trading strategies in the dynamic forex and financial markets.
