The One EA V1.5 MT4: A Strategy for Forex Trading
Overview
The One EA V1.5 MT4 is an Expert Advisor (EA) designed for MetaTrader 4. It employs a strategy based on assessing market weakening and identifying reversal patterns. Here are the key details:
- Strategy: The EA searches for overbought and oversold levels. It capitalizes on market movements in these zones, allowing traders to earn more.
- Recommended Symbols: Cross-symbols like AUDCAD, NZDCAD, USDCHF and AUDNZD are ideal, especially for traders practicing wave analysis.
- Trading Frequency: Transactions may occur with intervals of several days, so patience is essential.
- Leverage: Recommended leverage is 1:100 or higher.
- Minimum Deposit: Start with a minimum deposit of $500.
Trading Approach
The One EA V1.5 MT4 opens both Buy and Sell orders. To manage risk, consider using a Hedge Account. The EA aims to capture profits during market movements following overbought or oversold conditions.
Expert Parameters
- Lot Type: Choose between Fixed or Auto lot size.
- Recovery Coefficient: Determines recovery after losses.
- Take Profit: Variable, typically ranging from 160 to 400 pips.
- Stop Loss: Fixed at 700 to 800 pips.
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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