100pipsperday Expert Advisor

Name: 100pipsperday Expert Advisor
Brand: Doveforexmarkets
SKU: 1202
Price: 13.00 USD
Availability: InStock

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Description

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PLATFORM & SOFTWARE TYPE
🖥️ PLATFORM: MT4 • SOFTWARE TYPE: EA
INTRODUCTION
The 100pipsperday Expert Advisor is an automated MT4 trading solution designed for intensive intraday market engagement. This EA focuses on capturing short-term movements by executing and managing single positions based on fast market data. It utilizes a combination of fixed profit targets and robust trailing stop management to lock in results during volatile M5 price action.

📈 TRADING STRATEGY
This Expert Advisor employs an immediate-execution strategy based on proprietary Simple Moving Average (SMA) analysis on the M5 timeframe. It is programmed to maintain only one open position at any given time, ensuring focused risk exposure.

The core logic uses short-period SMAs calculated on the Open Price, comparing them against the current Close Price to determine immediate directional bias. When a qualifying signal appears and no current position exists, the EA executes a market order and immediately applies defined Take Profit and Trailing Stop management rules.

🎯 BEST FOR
* Traders seeking highly automated intraday execution.
* Accounts utilizing M5 or low-timeframe setups.
* Users who prefer active trailing management over fixed Stop Loss placement.
* Disciplined accounts focused on maximizing point capture per trade.

💱 RECOMMENDED PAIRS
High-liquidity major pairs (e.g., EURUSD, GBPUSD) with consistently tight spreads are recommended due to the M5 timeframe and the use of fixed point targets and trailing stops.

⚙️ SETTINGS AND PARAMETERS
The 100pipsperday EA offers granular control over trade and risk management parameters:

* Lots: Defines the fixed lot size for every trade executed.
* lTakeProfit / sTakeProfit: Customizable distances (in points) for Buy and Sell target exit levels.
* lTrailingStop / sTrailingStop: Separate, adjustable distances (in points) to activate and maintain the trailing stop feature for Buy and Sell trades.
* Stoploss: The EA is configured to primarily rely on trailing stops for protection. A default value of 0 means no initial fixed stop loss is set upon opening a trade; however, a fixed distance can be defined here if required.
* Slippage: Controls the maximum acceptable price deviation during order execution.
* UseSound: Boolean control to enable or disable auditory alerts for trade execution and modifications.
🔧 USER INPUTS (EX4/EX5) — what each setting does
• lTakeProfit — Take profit distance (usually in points/pips). (default: 31)
• sTakeProfit — Take profit distance (usually in points/pips). (default: 35)
• lTrailingStop — Enables a trailing stop with this distance. (default: 22)
• sTrailingStop — Enables a trailing stop with this distance. (default: 19)
• Stoploss — Protective stop distance (usually in points/pips). (default: 0)
• clOpenBuy — Controls the “clOpenBuy” parameter (color). (default: Blue)
• clCloseBuy — Controls the “clCloseBuy” parameter (color). (default: Aqua)
• clOpenSell — Controls the “clOpenSell” parameter (color). (default: Red)
• clCloseSell — Controls the “clCloseSell” parameter (color). (default: Violet)
• clModiBuy — Controls the “clModiBuy” parameter (color). (default: Blue)
• clModiSell — Controls the “clModiSell” parameter (color). (default: Red)
• Name_Expert — Controls the “Name_Expert” parameter (string). (default: "Generate from Gordago")
• Slippage — Max price slippage allowed on order execution. (default: 2)
• UseSound — Controls the “UseSound” parameter (bool). (default: False)
• NameFileSound — Controls the “NameFileSound” parameter (string). (default: "alert.wav")
• Lots — Fixed lot size when Money Management is off. (default: 1)
💽 HOW TO INSTALL (MT4)
• Download: (.ex4)
• MetaTrader → File → Open Data Folder
• MQL4 → Experts → paste file → restart MT4
• Navigator (Ctrl+N): drag onto chart
• Enable: Allow live trading + DLL imports
• Click AutoTrading (►)