Fishing PRO EA MT4

Advantages of Fishing PRO EA for MT4

The Fishing PRO EA is an innovative trading advisor that offers numerous features designed to enhance the trading experience. Here are some of its key advantages:

1. Multiple Trading Modes

Fishing PRO EA includes several trading modes, allowing users to customize their strategies according to their trading preferences. The available trading modes include:

• Position Opening with Set Steps: The EA executes trades based on specified price movements. For instance, when the price moves up by one step, the EA sells; if it moves down by one step, it buys. This creates a network of positions that traders can manually close or manage according to their profit expectations.
• Opening a Sequence of Pending Orders: Users can configure various combinations of buy stop, sell stop, buy limit, and sell limit orders, giving them flexibility to adapt to market conditions.
• Trailing Pending Stop Orders: The EA sets pending buy stop and sell stop orders that trail the price based on the extremes of candles. This ensures that traders can capitalize on favorable price movements while minimizing risk.
• Mode for Managing Existing Positions: There’s an option to manage positions that have been opened manually or by other advisors, allowing traders to maintain control over their trades without initiating new ones.

2. Customizable Trading Levels

The advisor allows users to set specific levels for opening trades. These levels can be tailored for both buy and sell positions, enabling traders to develop optimized entry points for their strategies.

3. Manual and Automated Closure Options

Fishing PRO EA offers several ways to close positions:

• Manual Closure: Traders can manually close buy or sell positions at any moment, giving them full control over their trades.
• Profit Trailing Closure: By activating the automatic feature, the EA can close trades when a specified profit level is achieved, taking the guesswork out of trading.
• Break-Even Transition: As trades reach a certain profit, their stop loss can be moved to the opening price, reducing risk and ensuring that traders do not incur losses.
• Profitable Recovery of Losing Positions: The EA intelligently identifies losing trades and aims to close them using the profits from other trades, securing an overall beneficial outcome.

4. Flexible Settings Without Complexity

Traders can adjust lot sizes and steps for both buy and sell directions without needing to delve into complex settings. All parameters are easily accessible in the trading window and are saved in global variables, ensuring that even after a restart, all configurations and button actions remain intact.

5. Semi-Automatic Trading with Visual Testing

The Fishing PRO EA operates in semi-automatic mode, requiring visual testing for optimal performance. This allows traders to understand how the advisor works in real time by utilizing the strategy tester in MT4 along with demo accounts.

6. Community Support

Traders can seek assistance or join discussions regarding the advisor’s performance on the MT5 forum, promoting a collaborative environment for improvement and support.

In summary, Fishing PRO EA for MT4 provides a robust set of features that cater to both novice and experienced traders. Its combination of flexible trade management, customizable settings, and community support makes it an advantageous choice for anyone looking to improve their trading outcomes.