About the 10 Pips Once a Day Expert Advisor
The 10 Pips Once A Day Metatrader 4 Forex Robot is an algorithmic trader that is designed to take just 10 pips of profits during the day’s session.
The EA deploys an algorithm that prioritizes the high probability of consecutive wins in a bid to find better results, thereby improving the expected payoff.
Apparently, the 10 Pips Once A Day expert advisor takes advantage of a money management technique that is based on statistical data from history, along with increasing lots after losing a trade.
The 10 Pips Once A Day forex robot lowers risk by ramping up its order lots just after some consecutive wins as well.
It keeps these increasing order lots in check using a default maximum lot size cap of 5.0.
Free Download
Download the “10pipsOnceADayOppositeLastNHourTrend.mq4” MT4 robot
Key Features
Simple Moving Average Strategy
The EA utilizes a straightforward moving average crossover strategy, making it easy to understand and implement for traders of all experience levels.
Automated Trade Execution
Executes buy and sell orders automatically based on predefined criteria, removing the need for manual intervention and reducing emotional trading decisions.
Daily Profit Target
Aims to achieve a consistent 10-pip profit per day, providing steady returns without the need for aggressive risk-taking.
Customizable Risk Management
Includes adjustable stop loss, take profit, and lot size settings, allowing traders to manage risk according to their preferences.
Time-Saving Automation
Operates fully automatically, freeing up time for traders to focus on other activities while the EA handles the trading operations.
Strategy Tester Report
Find below the 10 Pips Once A Day robot strategy tester report for the EUR/USD forex pair on the 1-Minute chart.
Overall Performance
The EA made a total profit of $1640.00 from a total of 198 trades.
The largest winning trade generated $50.00 in profits, while the largest losing trade generated a loss of $250.00.
Statistics:
Bars in test: 19854 ticks modelled
Initial deposit: $10000.00
Total net profit: $1640.00
Total trades: 198
Largest profit trade: $50.00
Largest loss trade: -$250.00
Consecutive wins: 6
Consecutive losses: 1
How the EA Works
- Monitors two moving averages for crossover signals.
- Identifies buy or sell opportunities based on the direction of the crossover.
- Places trades automatically when entry conditions are met.
- Applies stop loss and take profit levels to manage risk and secure profits.
- Closes trades when the daily profit target is achieved or exit conditions are satisfied.
Download Now
Download the “10pipsOnceADayOppositeLastNHourTrend.ex4” Metatrader 4 robot
Parameters & Settings
- Lot Size: Adjustable depending on account balance and risk tolerance.
- Stop Loss: Configurable to minimize potential losses.
- Take Profit: Set to achieve a consistent 10-pip profit per trade.
- Trading Hours: Can be configured to trade during preferred market sessions.
- Magic Number: Unique identifier for the EA’s trades.
Recommended Trading Setup
- Platform: MetaTrader 4 (MT4).
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY, and other major pairs.
- Timeframes: M15 or H1 for optimal performance.
- Broker: ECN accounts with low spreads and fast execution.
- VPS: Recommended to ensure uninterrupted 24/5 trading.
FAQ
Is the 10 Pips Once a Day EA suitable for beginners?
Yes, the EA is user-friendly and easy to set up, making it accessible for traders of all experience levels.
Can I use the EA on multiple currency pairs?
Absolutely. The EA supports multiple major and minor currency pairs, offering flexibility for diversified trading.
Does it include risk management tools?
Yes, the EA includes configurable stop loss, take profit, and adjustable lot size features for effective risk control.
Is continuous monitoring required?
No, the EA operates autonomously. However, occasional monitoring is recommended to ensure optimal performance and make any necessary adjustments.
Summary
The 10 Pips Once a Day MetaTrader 4 Forex Robot is a reliable, fully automated trading solution for traders seeking consistent profits through a straightforward strategy.
By targeting a modest 10-pip gain per trade, the EA offers a disciplined approach to forex trading.
With customizable risk management settings and support for multiple currency pairs, it is suitable for both novice and experienced traders.
Download the 10 Pips Once a Day EA today for free and take advantage of automated, professional trading on MetaTrader 4.
