CFNSignals - Long Day EA for MT4 – Automated Daily Buy Strategy Version: 1.1
Developer: CFNSignals - Crusader Network SRL
Overview
Go Long EA is a fully automated trading system designed to open a buy trade every day at a specific time and manage it with customizable stop loss (SL) and take profit (TP) levels, trailing stops, and break-even protection. The EA ensures smooth execution with strict risk management, making it a powerful tool for traders looking for consistent and disciplined trading strategies.
Key Features
✅ Automated Trading – Opens a buy position at a predefined time every day.
✅ Fixed Lot Size – Uses a fixed lot size for consistency, avoiding risk-based lot calculations.
✅ SL & TP in Percentage – Stop loss and take profit are calculated as a percentage of the entry price.
✅ Break-Even & Trailing Stop – Advanced risk management features to protect profits.
✅ Daily Trade Reset – Ensures only one trade per day to prevent overtrading.
✅ Automatic Trade Closure – Closes all positions at a specified time if enabled.
✅ Failsafe Mechanisms – Includes broker stop level checks, sufficient margin checks, and execution filters to ensure safe trading.
1️⃣ Daily Trade Execution
- The EA opens a buy position at a specific time based on user-defined parameters.
- It will only trade once per day and reset for the next trading session.
2️⃣ Risk Management & Protection
- Stop Loss (SL) & Take Profit (TP) are set as a percentage of the entry price.
- Break-even (BE) protection moves SL to a safe level once the price moves in favor.
- Trailing Stop (TSL) ensures that profits are locked in dynamically.
3️⃣ Automatic Position Closure (Optional)
- At the end of the trading session, the EA can automatically close all open positions.
4️⃣ Broker Compatibility & Compliance
- The EA checks for minimum stop levels, freeze levels, and free margin requirements before opening a trade to ensure compliance with broker conditions.
Input Parameters & Their Usage
🔹 Trade Execution Settings
| TradingStartHour | Hour to place a trade (MT4 server time) |
| TradingStartMinute | Minute to place a trade (MT4 server time) |
| WaitForNewDayHigh | If enabled, only trades if price breaks the previous day's high |
🔹 Position Sizing & Risk Management
| FixedLots | The exact lot size for each trade (e.g., 0.1, 0.5, 1.0) |
| TP_Percent | Take profit percentage of entry price (e.g., 1.5% TP means TP = Entry * 1.015) |
| SL_Percent | Stop loss percentage of entry price (e.g., 1.0% SL means SL = Entry * 0.99) |
🔹 Trade Management & Protection
| BE_StopTriggerPoints | When price moves this many points in profit, SL is moved to breakeven |
| BE_StopPufferPoints | Additional buffer points above breakeven when moving SL |
| TSL_TriggerPoints | Trailing stop activates when price moves this many points in profit |
| TSL_Points | Distance of trailing stop from current price |
| TSL_StepPoints | The step size in which the trailing stop moves |
🔹 Automatic Position Closure
| ClosePositions | If enabled, all trades are closed at the set time |
| ClosePositionsHour | Hour when all positions are closed |
| ClosePositionsMinute | Minute when all positions are closed |
🔹 Miscellaneous
| OrderComment | Custom comment for orders |
| MagicNumber | Unique identifier for the EA’s trades |
| ChartComment | If enabled, displays information on the chart |
Why Choose This EA? ✅ Simplicity & Efficiency – Designed for traders who prefer fixed lot sizes and clear trade management.
✅ Safe & Broker-Friendly – Includes stop level checks, freeze level protection, and margin verification.
✅ Optimized for Performance – Runs efficiently with low CPU usage and fast execution.
✅ Adaptable for Different Strategies – Works well in trend-following and breakout strategies.
