Daily Long Term EA v1.0 MT4 for MetaTrader 4 (MT4) is an Expert Advisor (EA) designed for long-term trading strategies, likely focused on daily chart analysis. Such EAs typically aim to capture larger market trends by trading on higher timeframes, particularly the daily (D1) timeframe. These EAs usually have longer holding periods, aiming to take advantage of market trends that develop over days, weeks, or even months. Features of Daily Long Term EA v1.0: Daily Chart Analysis:The EA likely analyzes the daily candles to determine its trading signals. It will open trades based on daily market trends or technical indicators, focusing on long-term movements rather than short-term fluctuations. Long-Term Trading Strategy: As the name suggests, this EA is designed to make trades that hold over a longer period. The trades may last for several days or weeks, depending on market conditions. It may use indicators like Moving Averages, RSI, MACD, or other trend-following tools to identify long-term entry and exit points. Risk Management Features: Stop Loss (SL) and Take Profit (TP) settings will be important for managing risk in long-term trades. These parameters could be set based on the asset’s volatility, the user’s risk tolerance, or the average market movement. Trailing Stop: Some long-term EAs might include a trailing stop feature that moves the stop loss to lock in profits as the trade moves in the trader's favor. Lot Size & Position Sizing:Depending on the risk level set by the user, the EA will calculate the appropriate lot size for each trade. It could be based on a fixed amount or a percentage of the account balance. Timeframe:Most long-term EAs focus on the Daily (D1) timeframe since they aim to capitalize on larger trends. This timeframe offers more reliable signals in terms of trend direction compared to shorter timeframes. Market Conditions: The EA might be designed to only take trades under certain market conditions, such as in a strong uptrend or downtrend, as detected by a combination of indicators. It may avoid trading during sideways or choppy market conditions to minimize losses. Optimizing the EA: Optimization: You can optimize the parameters of the EA, such as risk percentage, stop loss, and take profit, to find the optimal settings for your selected currency pair and timeframe. MT4’s Strategy Tester includes an optimization feature that can help with this. Forward Testing: After backtesting and optimization, it’s a good idea to forward test the EA on a demo account to simulate live market conditions and ensure it behaves as expected in real time. Conclusion:The Daily Long Term EA v1.0 is built to help traders take advantage of longer-term trends in the market. It works by analyzing daily charts and trading based on trend-following signals. As with any EA, backtesting and optimization are crucial steps before applying it to a live account. If you're using this EA, be prepared for longer holding times and more gradual market moves.Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.What’s in the package?Experts:Daily Long Term EA v1.0 MT4.ex4=========================================================== MORE ROBOTS and MANUAL TRADING SYSTEM UNLIMITED VERSION Telegram Channel : https://t.me/TheTradeLovers Telegram Contact : https://t.me/TheTradeLover Email : TheTradeLovers@gmail.com Whatsapp: https://whatsapp.com/channel/0029VaLNS5gJpe8kk7rZCa13 Instant Download Your files will be available to download once payment is confirmed. Instant download items don’t accept returns, exchanges or cancellations. Please contact the seller about any problems with your order. 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