Sensor EA MT4

Description :

Sensor EA MT4 is an advanced Expert advisor for MetaTrader 4, built using the usual signals provided by Bollinger Bands Technical Indicator.

The Expert Advisor places a buy order, When price crosses above the lower band, and a sell order when price crosses below the upper band.

The Expert Advisor uses a Stop Loss and a Take profit.

The Expert Advisor settings are as follows :


( The parameters below can be set according to your trading rules. )

  • StopLoss ( Stop Loss in pips)
  • TakeProfit ( Take Profit in pips )
  • Magic number : ( set to 616011, is the  EA identifier. When running multiple instances of the same EA on one currency pair, this value should be changed for each instance )
  • TradeSize
  • MaxSpread
  • MaxSlippage
  • MaxOpenTrades
  • Hedging mode

Some clarification to remember :

For 5-digit brokers : 1 Point=0.00001 and 1 Pip=0.0001 => 10 Points=1 Pip

For 4-digit brokers : 1 Point=0.0001 and 1 Pip=0.0001 => 1Points=1Pip

If your account type is Netting then set Hedging mode to false. 



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