Ronz AutoSLTP EA MT5

Description

Ronz AutoSLTP EA for MT5

Overview

• Name: Ronz AutoSLTP EA for MT5
• Platform: MetaTrader 5 (MT5)
• Minimum Deposit: $500
• Timeframe: M1 or M5
• Currency Pairs: All pairs except XAUUSD (Gold)

Key Features

1. Automatic Stop Loss and Take Profit Management:
   • The Ronz AutoSLTP EA automatically sets Stop Loss (SL) and Take Profit (TP) levels for each trade.
   • Special methods are used for handling SL and TP.
   • SL and TP levels can be hidden if desired.
2. Profit Lock:
   • The Ronz AutoSLTP EA locks in profits as trades move in your favor.
3. Trailing Stop:
   • TheRonz AutoSLTP EA adjusts the trailing stop level to protect profits.
4. Bug Fixes and Code Translations:
   • The latest version includes bug fixes for Strategy Tester.
   • Code translations enhance compatibility.

 

Trading Strategy

• Scalping Strategy:
  • The Ronz AutoSLTP EA primarily follows a scalping strategy.
  • It aims to capture small price movements within short timeframes (M1 or M5).
  • Trades are opened and closed quickly to take advantage of market volatility.
  • No martingale or hedging techniques are used.

How the EA Takes Trades

1. Entry Criteria:
   • The EA identifies favorable entry points based on technical indicators (specific indicators not disclosed).
   • It considers price patterns, moving averages, and other relevant factors.
2. Stop Loss and Take Profit:
   • The EA calculates appropriate SL and TP levels based on market conditions.
   • These levels are dynamically adjusted as the trade progresses.
3. Profit Lock:
   • When a trade reaches a predefined profit level, the EA locks in part of the profit.
   • This ensures that even if the trade reverses, some profit is secured.
4. Trailing Stop:
   • As the trade moves in favor of the trader, the EA adjusts the trailing stop.
   • This allows for potential additional profit while protecting against sudden reversals.

 

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Additional Resources 

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