LT Sandbox EA

Entering the world of Forex trading can feel like stepping into an arena. But with the right tools, it doesn’t have to be that way. One such tool is the LT Sandbox EA. A versatile software, it allows you to implement your Forex strategy without any coding knowledge. Let’s delve into this Forex software review to understand how it works.

Designing Your Forex Strategy with LT Sandbox EA

The LT Sandbox EA is designed as a ‘sandbox’ where you can mix and match components to create your own personalized trading strategy. It offers a selection of up to 13 indicators. These include popular ones like Moving Average, RSI, Stochastic Oscillator, MACD, Bollinger Bands, and others. You can also incorporate an external indicator from a third-party source, leading to an almost infinite number of possible combinations.

Indicator Types and Their Uses

Each indicator in the LT Sandbox EA can be used in two ways. One is as an ‘entry signal’, a trigger for initiating a trade. The second is as a ‘filter’, which can enhance the probability of a successful entry. This dual functionality adds another layer of customization and adaptability to your trading strategy.

Stop Loss and Take Profit Features

Another key feature of this Forex software is the flexibility it provides in setting Stop Loss and Take Profit parameters. You can turn them off, use the ATR for automatic calculations, set them based on the pips or pipets values of the price, or even set them to close the trade when the profit/loss exceeds a certain amount.

Operating on Specific Days and/or Times

The LT Sandbox EA gives you the ability to specify the days and times for trading. You can set the start and end day as well as designate intraday time for the EA to trade. This automated trading tool can either close all open trades instantly or wait for them when the set day or time is exceeded. The duration of trades can be set in the number of candles, seconds, or minutes.

Trail Stop and Step

The ‘Trail Stop’ feature in LT Sandbox EA moves the Stop Loss to the entry point when a certain profit is reached. The ‘Trail Step’ feature allows the Stop Loss to ‘walk’ in favor of the trade as the price changes. These features can provide additional control over your trading strategy.

Final Thoughts

The LT Sandbox EA is a powerful tool for Forex trading. While it may seem overwhelming at first glance, it follows a consistent principle. Once you understand how to organize the different features, you can create a customized Forex strategy that suits your trading style. Remember, no coding is required!

FAQ

Where can I see independent testing of the LT Sandbox EA?

You can watch independent testing of this product on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

Can I share my experience of using this product?

Absolutely! Your experiences and feedback are valuable. Feel free to share your experiences with using the LT Sandbox EA. Remember, this is an independent product review, and your insights can help others make informed decisions.

Note: This is an independent review. The product discussed is not owned or associated with the author.