Description
The Langust EA V1.6 Source Mq4 is an open-source MQ4 EA that comes with its source. It uses three standard indcs: Bollinger Bands, Stochastic, and RCI (Relative Currency Index).
Overview
The Langust EA V1.6 is an open-source M4 EA that provides traders with a customizable trading solution. Below are the key details:
- Platform: M4
- Minimum Deposit: $500
- Timeframe: M1 or M5
Trading Strategy
The Langust EA V1.6 employs a grid-based trading strategy, combining signals from multiple timeframes and three standard indicators: Bollinger Bands, Stochastic, and RCI (Relative Currency Index). Here’s how it works:
- Indicator-Based Approach:
- The EA analyzes price movements using Bollinger Bands, Stochastic, and RCI.
- These indicators provide insights into market volatility, momentum, and currency strength.
- Signals are generated based on the alignment of these indicators across different timeframes.
- Grid System:
- The EA operates on a grid system, which involves opening positions at predetermined intervals.
- It removes signals from more than one timeframe to make informed trading decisions.
- The grid approach allows for flexibility in adjusting position sizes and entry points.
- Visualization Panel:
- On the chart, Langust EA displays a visualization panel.
- The panel shows the three indicators and seven timeframes.
- Green squares indicate buy signals, while red squares indicate sell signals.
- To open a position, all three indicators must align in the same direction on the selected timeframe.
- Customization:
- Traders can customize Langust EA by modifying the source code.
- The original code is in Russian but can be easily translated to English.
- Adjust parameters such as lot size, stop loss, and take profit according to your risk tolerance.
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Disclaimer:
The EAs sold on our channel are not created by us.
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Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
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