Langust EA V1.6 With Setfiles Full MT4 | Forex Robot | MT4 Expert Advisor

The Langust EA V1.6 is an automated trading robot designed for the M4 platform. The EA employs a grid-based trading strategy, which involves placing buy and sell orders at predetermined price intervals. It capitalizes on market fluctuations by executing trades within a defined price range.

Langust EA V1.6: Forex Trading Robot

Introduction

The Langust EA V1.6 is an which is designed for forex trading. It combines signals from multiple timeframes and three standard indicators: Bollinger Bands, Stochastic, and RCI (Relative Currency Index). Let’s dive into the specifics:

Key Details

• Platform: MT4
• Minimum Deposit: $100
• Timeframe: M5 to H1
• Currency Pairs: GBPUSD, EURUSD, and more

Trading Strategy

The EA follows a grid-based trading strategy, relying on the alignment of indicators across different timeframes:

1. Indicator-Based Approach:

• Utilizes three standard indicators: Bollinger Bands, Stochastic, and RCI.
• Generates trades when all three indicators align in the same direction on the selected timeframe.
• Visualizes signals on a special panel for easy interpretation.

Risk Considerations

• Market Conditions: The EA performs optimally under specific market conditions.
• Grid Trading: The system opens multiple positions at predetermined intervals, which may have limitations in fast-moving or highly volatile markets.

How Langust EA Takes Trades

1. Indicator Alignment:

• When Bollinger Bands, Stochastic, and RCI align positively, the EA identifies potential entry points.
• Conversely, when indicators align negatively, the EA considers exit points.

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an 'as is' basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.