The Langust EA V1.6 MQ4  Source Code is an open-source MQ4 EA that comes with its source. It uses three standard indcs: Bollinger Bands, Stochastic, and RCI (Relative Currency Index).

Langust EA V1.6 MQ4 Source Code with Setfiles (Works on Build 1420) | Forex Robot | MT4 Expert Advisor

Overview

The Langust EA V1.6 is an open-source M4 EA that provides traders with a customizable trading solution. Below are the key details:

• Platform: M4
• Minimum Deposit: $500
• Timeframe: M1 or M5

Trading Strategy

The Langust EA V1.6 employs a grid-based trading strategy, combining signals from multiple timeframes and three standard indicators: Bollinger Bands, Stochastic, and RCI (Relative Currency Index). Here’s how it works:

1. Indicator-Based Approach:
   • The EA analyzes price movements using Bollinger Bands, Stochastic, and RCI.
   • These indicators provide insights into market volatility, momentum, and currency strength.
   • Signals are generated based on the alignment of these indicators across different timeframes.
2. Grid System:
   • The EA operates on a grid system, which involves opening positions at predetermined intervals.
   • It removes signals from more than one timeframe to make informed trading decisions.
   • The grid approach allows for flexibility in adjusting position sizes and entry points.
3. Visualization Panel:
   • On the chart, Langust EA displays a visualization panel.
   • The panel shows the three indicators and seven timeframes.
   • Green squares indicate buy signals, while red squares indicate sell signals.
   • To open a position, all three indicators must align in the same direction on the selected timeframe.
4. Customization:
   • Traders can customize Langust EA by modifying the source code.
   • The original code is in Russian but can be easily translated to English.
   • Adjust parameters such as lot size, stop loss, and take profit according to your risk tolerance.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

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The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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