What is Mood EA?
Mood EA is Expert Advisor works on the Momentum indicator, which is a leading indicator, work on Meta Trader 4 platform. To enter a position, the advisor uses the oversold or overbought conditions of this indicator, catching the “mood” of traders.
Vendor website: https://www.mql5.com/en/market/product/58924
Original price: $50
http://www.zcarz.ir/ price: $14 (you save 70%)
Key Takeaways:
- The Mood EA Expert Advisor operates on the Momentum indicator, utilizing oversold or overbought conditions to gauge trader sentiment.
- It is designed to work on MetaTrader 4 platform with a focus on currency pairs such as EURCAD, EURUSD, GBPAUD, and others, on a M15 time frame.
- It is recommended to use VPS (Virtual Private Server) for optimal performance of the Mood EA Expert Advisor.
Mood EA Setting / Feature
- Used on platform: Meta Trader 4
- Currency pairs: EURCAD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, NZDUSD, USDCHF, XAUUSD
- Time frame: M15.
- Recommend use VPS (Click see here).
Mood EA Review
How to install and run the Mood EA Trading Bot in Metatrader 4?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Mood EA.ex4 file here
- Then close and restart the MT4 platform
- Attach the Expert Advisor to the chart
Now, you are ready to start using the Mood EA MT4 Without DLL!
Parameters:
Open new series – on / off beginning of a new seri
Start lots – start lot.
Trade Buy – allow the adviser to buy.
Trade Sell – allow the adviser to sell.
Support manual orders – allowed or not for EA manage manual orders.
Use hedge – allow the adviser to trade both direction buy and sell. If off only one trade direction.
Use Money Management – on / off use of automatic lot calculation.
Autolot. Free margin for each 0.01 lot – the amount of free margin for opening every 0.01 lots.
Lot miltiplier – lot multiplier for the following orders.
TP – take profit, in pips.
SL – stop loss, in pips from the first order.
Trail Start – activation of a trailing stop.
Trail Step – distance from the price when activating a trailing stop.
DD Reduction Algoritm – drawdown reduction algorithm it when last order with profit will be close with first order series with loss.
Number order for DD Reduction Algoritm – from which order the drawdown reduction algorithm is activated.
Percent profit for DD Reduction Algoritm – percentage of profit when closing orders in the drawdown reduction mode.
Magic – is a special number that the EA assigns to its orders.
Fix distance – fixed distance between orders
Order dinamic distance – from which order will the dynamic distance be applied in order.
Dinamic distance start – the starting value for the dynamic distance.
Distance multiplier – the dynamic distance multiplier.
Start, End hour – time for opening the first order.
Maximum Lot – maximum lot.
Maximum spread – the maximum spread for the adviser.
Mom_Period – period of the Momentum indicator.
Up Level – the reading of the Momentum indicator above which the EA sells.
Down Level – the reading of the Momentum indicator below which the advisor buys.
Mood EA Download
Link download Mood EA MT4 Without DLL For Build 1420+ will be sent to your email after purchase.
+ Expert :
- Mood EA.ex4
- Unlimited / NoDLL / Build 1420+
- Free 1 Year Updates
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