Aroon EA MT5
- Eaproducer.com
- Apr 1, 2023
- 3 min read
Updated: Mar 27
Simple and effective Aroon strategy: 100% auto The Aroon indicator tries to predict the direction of the trend; you can change the period of the Aroon indicator as well. EA places buy/sell trades as soon as the trend has changed its direction; it waits 1 candle to confirm the signal.
Examples of Aroon Buy and Sell.
Inputs menu of the Aroon EA MT5.
EA settings:
Lot management options:
Choose one of the 3 lot managements and set it as true, the other 2 must be as false.
Fixed lot - simple fixed lot which is applied for each trade.
Martingale - start lot and a multiplier, EA will use a lot multiplier if the previous trade was in loss.
Risk% management - choose your desirable risk% per trade, EA will calculate the risk size automatically. Stop loss must be used.
Trade comment - use it if you want to add a comment for each trade separately, for example "EURUSD M15".
Stop loss pips - set a stop loss in pips which will be used for each trade separately.
Take profit pips - set a take profit in pips which will be used for each trade separately.
Max open trades Buy/Sell - for example 10, this will result in max open 10 buy trades or max open 10 sell trades.
Break even
Pips on profit to enable - once reached, break even is applied.
Offset pips from open price - the distance from the open, in this way you can avoid spread size by adding extra 2 pips for example.
Trailing stop
Trailing start pips - once the trade has this amount of profit, trailing stop is activated.
Trailing stop pips - trailing stop distance from the stop loss to the current price.
One trailing step - it's basically how often do you want to refresh the trailing stop.
Trading time settings - that's simple, simply choose time and weekdays you want to trade.
Spread filter - set max allowed spread size in pips, EA checks it before opening the trade. If the spread size is too big = no trade.
Magic number - use magic number rule if this EA is used in more than 1 chart. Read more.
First.
Insert EA file into the experts folder.
Insert indicator file into the indicators folder.
If you need any help just contact our team.
Download the DEMO version of the Aroon EA MT5 and try it in the strategy tester, before purchasing this forex trading robot MT5.
You're just one click away from having this Forex EA!
Price £: 75
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EA delivery time: Within 1-7 hours. All purchased EAs are sent manually to your email address by our team. Once you have completed the payment, please contact us, and we will deliver your purchased EA to your email address as soon as possible.
Premium long-term support: We're available 24/7. Any issues are always solved.
Activations: Unlimited accounts. You have a lifetime license with free future updates.
Compatibility: Our EAs can be used with any symbol and timeframe.
Indicators: Yes, needed indicators are included.
Custom updates: Yes, we can offer any custom updates for our original EAs, so you can adapt the EA to your specific needs. We're very versatile.
EA has the most used features; we don't want to add too much stuff to the original EA. So we offer custom updates for any of our EAs. You can easily order a custom update and adapt this EA to your specific needs. Contact us, and we will add some basic features for free after your purchase.
If you have any questions, simply contact us, and we will answer all your questions.
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