Tenger Robot EA v1.0 MT4 (Works on Build 1430+) | Forex Robot | MT4 Expert Advisor Tenger Robot EA v1.0 MT4 is a custom Expert Advisor (EA) designed for automated trading on the MetaTrader 4 (MT4) platform. While there isn't detailed publicly available documentation or source code about this specific EA, based on typical characteristics of EAs with similar names and the general features of automated trading systems, I can outline what such an EA might include and how it could function.Key Features of Tenger Robot EA v1.0: Trading Strategy: Tenger Robot EA could employ a variety of trading strategies, such as: Trend-following: This strategy attempts to identify and trade in the direction of the market trend. It may use indicators like Moving Averages (MA), RSI (Relative Strength Index), or MACD to identify trends and trade breakouts or pullbacks. Range-trading: The EA might focus on support and resistance levels or use oscillators like RSI or Stochastic to identify overbought and oversold conditions, entering buy and sell trades within a range-bound market. Scalping: The robot might execute numerous small trades over a short time frame, capturing small price movements in highly liquid markets. Breakout Trading: The EA could identify key price levels and trade when the market breaks out of these levels, often used in volatile or trending markets. Indicators and Tools:The Tenger Robot EA v1.0 could utilize a combination of well-known indicators to make trading decisions: Moving Averages (e.g., SMA, EMA) to determine the trend direction. RSI to gauge overbought and oversold conditions and potential reversals. MACD for momentum analysis and trend confirmation. Bollinger Bands or Donchian Channels for breakout and volatility-based signals. Fibonacci retracement for identifying potential support and resistance levels during trend retracements. Risk Management: Stop Loss and Take Profit: The EA likely incorporates predefined stop loss and take profit levels to manage risk. These may be based on a fixed value or dynamic levels according to volatility or market conditions. Trailing Stop: Some EAs implement a trailing stop feature, which moves the stop loss level closer to the market price as the price moves in favor of the trade, locking in profits. Risk-to-Reward Ratio: The EA might be set to target a specific risk-to-reward ratio (e.g., risking 1% to gain 2%) to optimize risk management across trades. Position Sizing: The EA could have the option to automatically adjust the trade size (lot size) based on the account balance, percentage risk per trade, or volatility in the market. Automation: The Tenger Robot EA v1.0 is designed to be fully automated, meaning that once installed on the MT4 platform, the EA will monitor the market, analyze conditions, and execute trades without manual intervention. The EA is likely designed to function across various timeframes (M1, M5, H1, etc.), depending on the trader's strategy and preferred trading horizon. Customizable Settings:Most EAs, including potentially the Tenger Robot EA, allow users to customize certain parameters to tailor the trading strategy to their preferences, such as: Timeframes for analysis and entry signals. Risk levels (e.g., percentage of balance per trade). Specific indicators used (e.g., adjusting periods for Moving Averages or RSI). Trading sessions (e.g., trading during specific market hours like the London or New York sessions). Backtesting and Optimization: The EA could offer backtesting functionality, allowing traders to test the strategy on historical data to evaluate its performance before deploying it on a live account. Optimization tools would help adjust the EA’s settings for better performance in different market conditions (e.g., volatile vs. stable market conditions). Market Focus:The Tenger Robot EA is likely designed to trade on a variety of forex pairs (like EUR/USD, GBP/USD, AUD/USD, etc.), but it may also be used for commodities or indices, depending on its configuration and the strategy it uses. Risk and Limitations: Broker Compatibility: It’s important to verify that the Tenger Robot EA v1.0 works well with the broker’s execution speed, spreads, and fees. Some EAs perform poorly with certain brokers due to latency or slippage. Market Conditions: The EA’s performance may vary depending on the market conditions. For example, a trend-following EA might struggle in a sideways or choppy market. Likewise, a range-trading EA might not perform well in strong trending markets. Over-optimization: When backtesting, there's a risk of over-optimizing the settings to fit past data, which can result in poor performance on live markets. It’s essential to test the EA in real-time or demo conditions after backtesting. Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.What’s in the package?Experts:Tenger Robot EA v1.0 MT4.ex4=========================================================== MORE ROBOTS and MANUAL TRADING SYSTEM UNLIMITED VERSION Telegram Channel : https://t.me/TheTradeLovers Telegram Contact : https://t.me/TheTradeLover Email : TheTradeLovers@gmail.com Whatsapp: https://whatsapp.com/channel/0029VaLNS5gJpe8kk7rZCa13 Instant Download Your files will be available to download once payment is confirmed. 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