The Big Fishing EA V1.0 is a professional, multi-currency scalping robot designed for the MetaTrader 4 (MT4) platform. It operates fully automatically, aiming to generate substantial profits by executing trades in the direction of the prevailing market trend.

Key Specifications:

• Minimum Deposit: $100 – $500; however, it’s advisable to start with a capital that aligns with your risk tolerance and trading objectives.
• Recommended Time Frame: M15, M30, H1
• Supported Currency Pairs: Stable and liquid assets; specific pairs are not listed, but major pairs are typically preferred.

 

Trading Strategy:

The Big Fishing EA V1.0 employs a trend-following scalping strategy, focusing on executing trades in the direction of the main market trend. This approach is considered one of the safest strategies in forex trading.

Core Features:

• Control of Slippage: The EA scrutinizes all trades, preventing any deals that involve significant price slippage.
• Spread Filter: It halts trading when market spreads widen, ensuring that trading remains profitable.
• Stop Loss System: Every trade is protected by a stop loss, mitigating potential losses.
• Money Management: The EA assesses the risk level for each transaction and proportionally increases trade sizes as profits grow.
• Trend Filter: Trades are executed exclusively in the direction of the market trend, enhancing safety and profitability.

How the EA Executes Trades:

1. Market Analysis: The EA continuously analyzes market trends using its built-in algorithms and indicators.
2. Signal Generation: Upon identifying a favorable trend, the EA generates a trading signal to enter the market.
3. Trade Execution: The EA places a trade in the direction of the identified trend, with predefined take profit and stop loss levels to manage risk.
4. Trade Monitoring: The EA monitors the open position, adjusting as necessary based on market conditions and its internal parameters.
5. Trade Closure: The trade is closed automatically when it reaches the take profit or stop loss level, or if the EA determines that market conditions have changed unfavorably.

Conclusion:

The Big Fishing EA V1.0 is designed to provide traders with a robust, automated solution for scalping in the forex market. Its emphasis on trend-following, combined with stringent risk management features, makes it a valuable tool for traders seeking consistent performance.