Richter MT4 V2.1 – Advanced Forex Trading Bot for Market Analysis
Richter MT4 V2.1 is a powerful expert advisor for MT4, crafted for professional forex trading with a specialized algorithm that adapts to market changes. It leverages historical price analysis to determine optimal entry and exit points using unique indicator systems that track trends, amplitudes, overbought/oversold signals, and more. Unlike static strategies, Richter EA automatically closes and reopens trades when trend directions shift, adjusting to market conditions in real-time.
The bot supports multi-currency trading, works on an hourly (H1) timeframe, and is best optimized for accounts of $3,000 or more with a 1:100 leverage for maximum effectiveness. It offers robust risk management settings, including trailing start, trailing stop, stop loss, and both real and virtual take profit to secure gains. This adaptability, paired with a customizable lot size (fixed or based on deposit size), provides flexibility across a range of trading styles.
Supported Currency Pairs for Richter EA:
EURUSD, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADJPY, GBPUSD, NOKSEK, NZDCAD, NZDJPY, USDJPY, and many more. This extensive list enables diversified forex trading across major and minor pairs, allowing users to tailor strategies for both volatile and stable markets.
Key Features and Options:
- MagicNumber: Unique identifier for Richter EA trades, ensuring organized management.
- FixLot: Set a fixed lot size per trade or enable dynamic Money Management for optimal lot sizing based on balance.
- StopLoss and TakeProfit: Real and virtual options for controlled risk and profit capture, adaptable for market swings.
- Trailing Stops (trStart, trStop): Automatically adjusts stop loss following favorable price movement.
- Advanced Parameters: Activate buy/sell under specific conditions, set JAW, TEETH, and LIPS indicators, and more to fine-tune trading precision.
