LOCTrader is an expert advisor for MT4 which trades using special signal indicators and includes 8 trailing stop loss algorithms.
LOCTrader EA is an expert advisor for Metatrader platform which can use different signal indicators to place orders. LOCTrader can work on 4 and 5 digit accounts. Features:
- Can use one of LOCSignal indicators to open positions.
- Configurable breakeven function.
- 8 trailing algorithms - Simple, Parabolic, ATRStop, X bars back, Fractal, Bollinger Bands, Approaching, Kijun-sen,
- Live visual info for orders and parameters. Looking good on dark and light backgrounds.
- Can set Stop Loss and Take Profit instantly after an order is placed.
- Works on any timeframe and any pair.
- Works on 4 digit and 5 digit accounts
LOCTrader EA has no build-in open logic. It uses an external “signal” indicator which generates Buy and Sell signals. The EA uses these signals to open positions. After the position is opened the EA monitors it, moves SL in profit (breakeven) and trails the order. The profit depends on the Signal indicator used and other settings of the EA like SL and TP, Trailing, Breakeven. Check LOCSignal indicators page for more info about them. Also we post backtests of signals in our forum
Instant download link will be provided to you immediately after purchase.