ROME EA

Description

Rome EA MT4: A Smart Trading Solution

Overview

The Rome EA MT4 is an Expert Advisor (EA) designed to automate risk management and enhance trading efficiency on the MetaTrader 4 (MT4) platform. Whether you’re a seasoned trader or just starting out, this little robot can be your new trading buddy.

Key Features

1. Trailing Logic:
   • Fixed Trailing: The stop-loss moves a fixed distance (in pips or percentage) away from the current price in the direction of the trade.
   • ATR Trailing: The stop-loss trails based on the Average True Range (ATR), adjusting for market volatility.
   • Parabolic Trailing: Adjusts more aggressively during strong trends using a parabolic curve.
   • Fractals Trailing: Avoids false breakouts by trailing based on the Best indicator on MT4.
2. Customization Options:
   • Trigger Point: Configure when the trailing starts (e.g., after reaching a certain profit level).
   • Minimum Trailing Distance: Set the minimum distance the stop-loss should trail the price.
   • Maximum Trailing Distance: Define the maximum distance the stop-loss can trail the price.
   • Trailing Take-Profit: Some EAs allow trailing take-profit orders alongside stop-loss.
3. Additional Features:
   • Multiple Symbol Management: Manage trailing stops for multiple open positions across different symbols.
   • Alerts and Notifications: Receive notifications when the stop-loss is adjusted or triggered.
   • Visualizations: Display trailing stop levels on the chart for better visualization.
   • Backtesting: Test the EA’s performance on historical data¹.

Trading Parameters

• Minimum Deposit: $100
• Timeframe: M5 (5-minute chart)
• Currency Pairs: Any currency pair other than XAUUSD (Gold)

The Rome EA MT4 follows a dynamic trailing stop strategy. It adapts to market conditions, locking in profits as the market moves in your favor. It is not a martingale, hedging, or scalping strategy. Instead, it aims to optimize risk management and maximize returns by adjusting the stop-loss level based on specific criteria.

How It Works

1. Profit Lock-In: As the market moves in your favor, the EA gradually raises the stop-loss, capturing more pips than static stop-loss orders.
2. Emotion-Free Trading: Remove fear and greed from your decision-making process. The EA sticks to pre-defined risk parameters consistently.

 

Download and Connect

• You can download the Rome EA MT4 from our website:  https://yoforex.org/product/rome-ea/
• Join our Telegram channel for updates and discussions: YoForexRobot
• Visit our website: YoForex.org for additional resources and insights.

 

Happy Trading 😎