Semi Auto OTE Plus MT4 is an expert advisor (EA) designed for semi-automated trading based on ICT’s OTE Fibonacci technique. It executes trades and manages positions automatically, adapting to specified risk levels. The Plus version offers unrestricted lot size, automatic calculations, and works on all time frames.
Advantages of Semi Auto OTE Plus MT4
The Semi Auto OTE Plus for MT4 is a powerful and efficient trading tool designed to enhance your trading experience by automating key aspects of trade execution and management. Here are the key advantages of using this Expert Advisor:
- Semi-Automated Trading: Leverages ICT teachings to help traders execute trades based on Fibonacci levels, enabling informed decision-making with less manual effort.
- No Lot Size Limit: The Plus version removes the lot size limitation found in the free version, providing traders with greater flexibility in their trade sizing.
- Auto Lot Calculation: Automatically calculates position sizes based on a predefined dollar risk amount, making risk management simpler and more effective.
- Auto SL and TP: Automatically sets stop-loss (SL) and take-profit (TP) levels, streamlining trade management and allowing traders to focus on strategy rather than mechanics.
- Auto Break Even: Automatically adjusts open positions to break even, protecting profits and minimizing losses as trades move into favorable territory.
- Risk Dollar Amount Setting: Traders can set a specific risk amount per trade, allowing for personalized risk management tailored to individual trading plans.
- Versatile Trading Capability: Compatible with all time frames and currency pairs, making it suitable for a wide range of trading strategies and market conditions.
- Automatic Trading Stop: The EA stops trading if the stop-loss is hit, ensuring that losses are contained and no further trades are taken in a losing streak.
- Lifetime Updates: Users receive ongoing updates, ensuring the EA remains current with market changes and trading strategies.
- Adjustable TP Based on Fibonacci Levels: Tailors take-profit levels based on Fibonacci retracements, enhancing the profit potential of each trade.
To utilize the Semi Auto OTE Plus, ensure that the EA is activated through your MT4 platform with a stable internet connection. Both the MT4 application and your internet connection must remain active for optimal operation.
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