The HalfTrend MT4 expert advisor is an automated trading system that uses the HalfTrend indicator to generate buy and sell signals. The HalfTrend indicator is a popular technical analysis tool that is used by traders to identify trends in the Forex market. The HalfTrend MT4 expert advisor is designed to automate trading decisions based on the HalfTrend indicator’s signals.
The HalfTrend EA is a fully customizable trading system that allows traders to adjust its settings to suit their trading style and preferences. The expert advisor works on the MetaTrader 4 platform, which is one of the most popular trading platforms in the Forex market. The expert advisor can be easily installed on the platform and activated to begin automated trading.
The HalfTrend MT4 expert advisor works by analyzing the price movements of a currency pair and identifying trends based on the HalfTrend indicator’s signals. When the HalfTrend indicator generates a buy signal, the expert advisor will automatically place a buy order for the currency pair. Conversely, when the HalfTrend indicator generates a sell signal, the expert advisor will place a sell order for the currency pair.
The expert advisor’s trading parameters can be customized to adjust the trading frequency and the risk level of the trading system. Traders can adjust the stop loss and take profit levels to limit their risk exposure. If no stop loss or take profit is set then the advisor will close open order as soon as the opposite signal is confirmed.
One of the key benefits of using the HalfTrend MT4 expert advisor is that it eliminates the need for manual trading. Traders can set the expert advisor to run continuously, allowing it to analyze the market and generate trading signals around the clock. This allows traders to take advantage of trading opportunities even when they are not available to monitor the markets themselves.
In conclusion, the HalfTrend MT4 expert advisor is a powerful automated trading system that can help traders improve their trading results. By automating trading decisions based on the HalfTrend indicator’s signals, traders can take advantage of trading opportunities without the need for manual intervention. The expert advisor is fully customizable and can be adjusted to suit the trader’s individual trading style and preferences.
Please test HalfTrend expert advisor on the strategy tester and on demo account before trading with real money.
Recommendations for HalfTrend Expert Advisor:
- Broker: IC Markets
- Platform: Metatrader 4
- Currency pairs: any
- Timeframe: any
- Trading time: all day
- If you would like the expert advisor to trade 24 hours, 5 days a week, you should consider running it on a VPS server (Read more about what Forex VPS is and why you should use it)
Settings of HalfTrend EA:
- Magic – magic number of expert advisor. Use a different number for every currency pair or timeframe.
- Lots – define the size of the lot you would like to trade.
- Stoploss – define the size of the stop loss in pips.
- Takeprofit – define the size of the take profit in pips.
- HT_Period – Amplitude of the HalfTrend indicator. The larger the number, the less trades you will get. However, with larger amplitude you will catch larger trends.
- Maxspread – define maximum spread in points. If the spread is higher than set, the expert advisor will not open new trades.
How to Install and Run HalfTrend EA:
- Unpack the zip archive with EA and indicator
- Copy the indicator file (HalfTrend-1.02.ex4) to the MQL4 folder -> Indicators
- Copy the expert advisor file (HalfTrend-EA.ex4) to the MQL4 folder -> Experts
- Restart the Metatrader4 platform
- Open the chart of the required currency pair
- Make sure AutoTrading is enabled on MT4 platform
- Drag and drop HalfTrend EA on a chart (make sure that EA face is smiling on the chart)
In HalfTrend-EA-test.zip file you will find:
Download HalfTrend EA test version for free:
Important! The version you find above allows only testing of HalfTrend EA on MT4 Strategy Tester. If you would like to use this expert advisor on demo or real account you may buy an unlimited version here:
After you make a secure payment, we will email you the unlimited HalfTrend EA file as soon as possible (please also check your spam folder). You will be able to use EA on any account.
If you have any questions please Contact Us
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