PRL Core

PRL Core is an Expert Advisor for MetaTrader 4 designed to operate structured and evenly spaced price levels. It uses price data directly and does not require external indicators, DLLs or web services.

It can be used on Forex symbols, indices and CFDs. Distances are entered in conventional pips for Forex and in price units for indices and CFDs. The EA automatically detects the appropriate unit.

MAIN FEATURES

- Two operating modes: STANDARD and PRL CONFIRMED.
- PRL CONFIRMED applies additional price confirmation.
- Configurable direction: BUY AND SELL, BUY ONLY or SELL ONLY.
- Independent management of BUY and SELL operations.
- Built-in Stop Loss for every new trade.
- Separate Take Profit ratios for BUY and SELL trades.
- Optional break-even protection.
- Configurable maximum number of open trades.
- Maximum spread and slippage filters.
- Magic Number identification.
- Optional information panel and diagnostic mode.

MAIN PARAMETERS

- MagicNumber: unique identifier for the EA instance.
- TradingDirection: permitted trading direction.
- FixedLot: fixed volume per trade.
- MaximumOpenTrades: maximum number of open trades.
- LevelDistance: distance between price levels.
- EntryMode: STANDARD or PRL CONFIRMED operating mode.
- TakeProfitRatioBuy: Take Profit ratio for BUY trades.
- TakeProfitRatioSell: Take Profit ratio for SELL trades.
- UseBreakEven: enables or disables break-even management.
- BreakEvenTrigger: required price movement before break-even activation.
- BreakEvenLock: protected distance after break-even activation.
- MaximumSpreadTicks: maximum permitted spread in ticks.
- MaximumSlippageTicks: maximum permitted slippage in ticks.
- ShowPanel: displays the information panel.
- DiagnosticMode: enables technical diagnostic messages.

Each EA instance manages only its own symbol and Magic Number. For continuous operation, MetaTrader 4 must remain connected with automated trading enabled. A VPS can be used when uninterrupted execution is required.

Before using the EA on a live account, test it with the intended broker, symbol and settings. Spread, slippage, price gaps and symbol specifications can affect execution.

PRL Core does not guarantee trading results. Historical tests show past behavior under specific data and settings and do not predict future results. Automated trading involves risk and may result in losses.
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5 (1)
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