Turbo Morning Trade
Turbo Morning Trade (TMT) – advanced version of Forex Morning Trade EA. Turbo Morning Trade is based on the rules of FMT, it means that it enters the trade when FMT gives a signal. There are some additional parameters that can influence the entries, but the EA is based on Forex Morning Trade system.
The EA comes with only basic recommended settings!
It is NOT for newbies!
The new TurboMorning Trade EA offers much more flexibility and features that are used by professional traders, like partial profits and strictly defined exit options
Features
Flexible entry time
Additional Filtering
Partial exits
Two possible Break Even rules
Choice of different exit strategies
Exit strategies
Fixed Profit target
Exit at fixed profit target. This is standard strategy used in FMT. With Turbo Morning Trade EA you can define the profit target in pips, or as a coefficient of Average True Range indicator – this allows the EA to adapt profit target to the market volatility.
Trailing stop
Trailing stop – this means that the EA will trail the stop loss at the specified distance from the highest position the price has made so far. This was the stop loss available also in FMT EA, it is now improved that it will never move stop loss back to more loss.
Trailing stop at close of previous candle
Trailing stop at close – this means that the EA will trail the stop loss specified distance from the close of the previous candle. It is a special case of trailing, and in my tests it has better results than the standard one.
Trailing stop under the low of previous candles
Trailing the stop loss under the minimum low of the X previous candles. This enables you to use swings as a natural points of support and resistance.
If you’ll use this option and specify number of last candles to 5, the EA will move the SL below the lowest low of the last 5 candles – which usually means under the swing.
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