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BlueDigitsFx Open Trades

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Trendopedia AI
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
Accounts: 4
Updates: 1 year
Support: Developer
FreeDownload🔥
EASY Scalperology
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
Accounts: 4
Updates: 1 year
Support: Developer
Demo.Download🔥
EASY Breakopedia
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
Accounts: 4
Updates: 1 year
Support: Developer
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Overview of BlueDigitsFx Open Trades

BlueDigitsFx Open Trades is a powerful tool designed for MetaTrader 5, aimed at both novice and expert traders. This tool is highly sought after for its simplicity and effectiveness in managing open trades.

Key Features

  • Displays currency symbols in blue for buy positions and red for sell positions.
  • Shows pips in blue for positive pips and red for negative pips.
  • Displays total pips in blue when the overall pip count is positive and in red when negative.
  • Compatible with any MT5 pair, making it versatile for different trading strategies.
  • Perfect for both new and experienced traders.

    • Usage Instructions

  • Launch the bot on the M15 EURUSD chart.
  • Set a unique magic number to identify trades.
  • Ensure time zone settings are correct, as defaults are valid for most brokers.
  • Set the maximum allowed number of same-time trades and lot size.
  • Leave the rest of the settings at their defaults; the EA is ready to trade.

    • Advanced Features

  • Trading on a calm market, suitable for any account type and broker.
  • Each trade is protected with a stop loss to minimize risks.
  • Flexible risk settings can be customized for high profits or fast recovery.
  • Optimized to trade any forex pair without needing to change settings for each instrument.
  • Advanced optimization allows for dynamic stops, targets, and trade frequency adjustments.

    • Settings

  • Multiple same-time trades: Allows opening multiple trades on the same side, with customizable max trades, lot sizing, and time/distance between trades.
  • Single trade, dynamic volume: Only one trade at a time is allowed, with user-defined initial and max possible volume.
  • Dynamic SL width multiplier: Increases the pre-calculated stop-loss.
  • Risk to reward ratio: Defines the take-profit to stop-loss ratio.
  • Trade frequency: Higher values open more trades within the timeslot, with '1' as default and '0' meaning no trades.

    • Recommendations

  • Pairs: This strategy works well with any currency pair, but best results are found using EURUSD, GBPUSD, AUDUSD, AUDNZD, NZDUSD, EURGBP, and EURAUD.
  • Timeframe: M15 using the default settings.
  • Account: For a standard account type, a reliable ECN broker with a minimum of $1500 and 1:500 leverage is recommended. It also works well with cent accounts.

    • Additional Functionalities

  • Equity/Margin limiting: Stops trading at a desired input equity/margin drawdown percent.
  • Compliance with FIFO rule: Ensures adherence to the First In, First Out trading rule.
  • News Filter: Avoids trading during high-impact news events.
  • Interactive On-Chart panel: Includes buy & sell buttons for manual orders managed by BlueDigitsFx.

    • Drawdown Reduction

  • Use Auto Close Partial: Implements a drawdown reduction algorithm, either in money or percentage.
  • Choose Close Partial Method: Options include closing partial buy & sell, closing only buy or sell, or a combination of both.
  • Number of trades to activate partial close: Defines the minimum number of open positions to start applying partial close.
  • Minimum profit to close partial: Sets the minimum profit amount to perform a partial close.

    • Trailing Money Management

  • Trailing in money: Trails profit in monetary terms.
  • Trail Money All in Percentage: Trails profit in percentage terms.
    • Happy trading! 🚀📈

    Is BlueDigitsFx the elusive golden fleece of Forex trading or just another puffed-up pip counter? Strap in, as we unravel the truth drenched in sarcasm and wit, while assessing if Ziggy Janssen's famed creation can actually save your trades from oblivion. Hold tight; this might b ...

    Release Date: 08/11/2019

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