AURA MT4 is trend following EA. This EA will detect the level and the movement of the market that is high possibility trend
will continue. The fixed stop loss and take profit are always set for each trade.
This EA is very easy to use and can apply for many currency pairs.
Recommended timeframe is H1. The default settings are optimized for following currency pairs: EURUSD, GBPUSD,
USDCAD, AUDCAD, AUDCHF, EURCAD, EURGBP, EURJPY, EURNZD, GBPJPY, GPBNZD and XAUUSD.
■ AutoSetting=true - Mean EA will automatically select the value of parameter BelowLimit and AboveLimit
■ BelowLimit=4.0 - This factor will determine the below limit of market movement to take the trade.
■ AboveLimit=5.0 - This factor will determine the above limit of market movement to take the trade.
■ RiskReward=1.0 - Risk, Reward of the trade.
■ RateSL=2.5 - This parameter will determine the Stop Loss distance of the trade.
■ Use Money Management?=true - Mean EA use money management.
■ RiskRate=10 - Mean 0.1 lot per 1000 units of balance.
■ LotSize=0.1 - Basic lot size (if Is Using Money Management=false ).
■ Max Spread in Points=50 - Maximum spread to open the trades.
■ Slippage=30 - Slippage.
■ Comment=AuraMT4 - Comment.
■ MagicNumber=777 - Magic Number.
■ TimeStart=09:00 -Starting time to trade.
■ TimeStop=21:30 -Stopping time to trade.
■ BreakEven=false -Mean do not use break even.
■ BreakEvenStart=0.5 -Mean break even will be activated when profit reach 50% Take Profit.
■ BreakEvenPoint=20 -Lock in points.
■ TrailingStop=false -Mean do not use trailing stop.
■ TrailingStart=0.75 -Mean traling stop will be activated when profit reach 75% Take Profit.
■ TrailingProfit=100 -Mean the distance between current price and trailing stop is kept 100 points.
■ TrailingStep=20 -Mean the minimum distance to trailing stop is 20 points.