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Trend Master MFI Pro

September 28, 2024

Trend Master MFI Pro

Description

Trend Master MFI Pro is an advanced MetaTrader 5 (MT5) robot designed to capture market trends using a combination of candlestick patterns and the Money Flow Index (MFI) indicator. This robot identifies and acts upon key market movements, offering both buy and sell signals based on trend analysis. Equipped with stop-loss, take-profit mechanisms, and an automatic position-closing function based on time, it provides a balanced risk-reward ratio for traders.

Whether you are trading during uptrends or downtrends, the Trend Master MFI Pro adapts by analyzing volume flow and price action, ensuring optimal entry and exit points.

User Manual

Installation Guide:

  1. Download the Trend Master MFI Pro robot and save it to your computer.
  2. Open your MetaTrader 5 platform.
  3. Go to File > Open Data Folder > MQL5 > Experts.
  4. Copy the Trend Master MFI Pro file into the Experts folder.
  5. Restart your MetaTrader 5 platform or right-click on Expert Advisors in the Navigator panel and select Refresh.
  6. Drag and drop the Trend Master MFI Pro from the Navigator panel onto your desired chart.
  7. Set your preferred input settings and click OK.

Settings:

  • Average Candlestick Size Period (InpAverBodyPeriod): The period for calculating the average candlestick size (default: 12).
  • MFI Period (InpPeriodMFI): The period used for the Money Flow Index calculation (default: 37).
  • Volume Type (InpVolume): Defines the volume type to be used (default: Tick Volume).
  • Position Holding Time (InpDuration): Number of bars a position is held (default: 10).
  • Stop Loss (InpSL): Stop loss in points (default: 200).
  • Take Profit (InpTP): Take profit in points (default: 200).
  • Slippage (InpSlippage): Slippage allowed in points (default: 10).
  • Lot Size (InpLot): Lot size for the position (default: 0.1).
  • Magic Number (InpMagicNumber): A unique identifier for the robot’s trades (default: 120200).

FAQ

How does Trend Master MFI Pro work?

    • Trend Master MFI Pro detects candlestick patterns and combines them with the Money Flow Index to determine optimal entry and exit points. It opens positions based on trend direction and manages trades with stop-loss and take-profit levels.

What currency pairs can I use with Trend Master MFI Pro?

    • The robot works best with major currency pairs like EUR/USD, GBP/USD, and USD/JPY but can be used with any pair.

Can I modify the stop-loss and take-profit settings?

    • Yes, the stop-loss and take-profit settings can be adjusted in the input parameters before starting the robot.

Does it trade in all time frames?

    • Yes, Trend Master MFI Pro can trade in all time frames. It is most effective when used on M1, M5, M15, and M30 time frames.

What is the Magic Number?

    • The Magic Number is a unique identifier that helps the robot distinguish its own trades from other trades on the account.

Can I use this robot with other Expert Advisors?

    • Yes, you can use Trend Master MFI Pro alongside other EAs as long as each EA has a different Magic Number.

Is there a minimum balance requirement?

    • A balance of $500 or more is recommended for optimal performance, but it can work with lower amounts depending on your lot size.

Key Features

  • Uses Money Flow Index and candlestick pattern analysis for precise signals.
  • Automatically closes positions after a set time or based on market conditions.
  • Configurable stop-loss, take-profit, and lot size settings for customizable risk management.
  • Can be used with any currency pair and any timeframe, with a special focus on M1, M5, M15, and M30 timeframes.

This robot is designed to provide efficient and safe trading with minimal intervention, ideal for both novice and experienced traders.

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