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Trading Resources & Education for Forex Traders

Precision Trend MT5

September 28, 2024

Precision Trend MT5

Description:

The Precision Trend MT5 is a sophisticated trading robot that capitalizes on trend patterns using a combination of Stochastic Oscillator and Moving Average strategies. Designed for optimal performance in trending markets, this robot automates trade execution based on precise technical signals, ensuring timely entry and exit points. It’s ideal for both beginners and seasoned traders looking to enhance their trading efficiency with minimal manual intervention. The robot works effectively across all major currency pairs and is optimized for low-spread brokers, providing robust risk management with adjustable stop loss and take profit settings.

Features:

  1. Stochastic Oscillator Integration: Accurately detects overbought and oversold conditions.
  2. Moving Average Trend Strategy: Filters market noise to identify significant trends.
  3. Fully Automated Trading: Executes trades based on predefined signals with minimal human input.
  4. Customizable Lot Size: Allows traders to manage their risk by adjusting the lot size.
  5. Built-in Risk Management: Protects trades with automatic Stop Loss (SL) and Take Profit (TP) settings.

User Manual:

Installation Guide:

  1. Download the Precision Trend MT5 robot file.
  2. Open your MT5 trading platform.
  3. Navigate to File -> Open Data Folder -> MQL5 -> Experts.
  4. Paste the downloaded file into the Experts folder.
  5. Restart your MT5 platform.
  6. Go to Navigator -> Expert Advisors and drag Precision Trend MT5 onto your desired chart.

How to Use:

  1. Attach the EA to a chart of any major currency pair.
  2. Select your desired time frame (M1, M5, M15, M30 recommended).
  3. Configure the input parameters (lot size, stop loss, take profit, etc.).
  4. Enable “AutoTrading” in MT5 and let the robot run.

Settings:

  • InpSL (Stop Loss): Defines the number of points for the Stop Loss level.
  • InpTP (Take Profit): Sets the number of points for the Take Profit level.
  • InpLot (Lot Size): Determines the lot size for each trade.
  • InpAverBodyPeriod: Average period used for analyzing candlestick body sizes.
  • InpMAPeriod (Moving Average Period): The period for the Moving Average indicator.
  • Inp StochK, InpStochD, InpStochSlow: Settings for the Stochastic Oscillator.
  • Inp Magic Number: Unique identifier for managing open positions.
  • InpSlippage: Acceptable slippage in points during trade execution.

FAQ:

Q1: What currency pairs does Precision Trend MT5 work with?

  • A: It works with all major currency pairs. It is optimized for low-spread brokers to maximize performance.

Q2: Can I use this robot on any time frame?

  • A: Yes, though it is most effective on lower time frames such as M1, M5, M15, and M30.

Q3: How does the robot handle risk management?

  • A: The robot comes with adjustable Stop Loss (SL) and Take Profit (TP) parameters to ensure trades are managed effectively.

Q4: What happens if the market conditions change suddenly?

  • A: The robot uses a combination of technical indicators that adapt to market trends. It also closes trades if conditions no longer meet the criteria.

Q5: Can I manually intervene in trades initiated by Precision Trend MT5?

  • A: Yes, manual intervention is possible at any time. You can close or adjust trades directly through the MT5 platform.

Additional Information:

Recommended Brokers: Precision Trend MT5 performs best with low-spread brokers such as FP Markets, IC Markets, and BlackBull Markets.

Updates: Ensure you are using the latest version of Precision Trend MT5 by regularly checking for updates in your MT5 platform’s Expert Advisors section.

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