Minimum Deposit:

• $500

Time Frame to Run:

• 15-minute (M15), 30-minute (M30), or 1-hour (H1) charts

Currency Pair:

• XAU/USD (Gold vs. US Dollar)

Trading Strategy:

• Pattern Recognition:
  • The EA identifies the Cypher pattern, a harmonic pattern used in technical analysis.
  • It looks for specific Fibonacci retracement and extension levels to confirm the pattern.
• Entry Points:
  • Once the Cypher pattern is confirmed, the EA places a trade at the D point of the pattern.
  • The D point is typically at the 78.6% Fibonacci retracement of the XC leg.
• Stop Loss and Take Profit:
  • The EA sets a stop loss just beyond the X point of the pattern to minimize risk.
  • Take profit levels are set at multiple Fibonacci extension levels, such as 38.2%, 61.8%, and 100% of the CD leg.
• Risk Management:
  • The EA uses a fixed percentage of the account balance for each trade, ensuring consistent risk management.
  • It also includes a trailing stop feature to lock in profits as the trade moves in favor.
• Trade Execution:
  • The EA continuously scans the market for new Cypher patterns.
  • It executes trades automatically based on predefined criteria, ensuring timely and accurate trade entries and exits.

This content highlights the key aspects of the Cypher GOLD EA V2 MT4, focusing on the strategy and how the EA takes trades. Let me know if you need any more details or further customization!

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

Stay Updated:

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Additional Resources:

Instant Download:  https://www.mql5.software/product/cypher-gold-ea-v2/

You can also download from other websites:

https://www.fxcracked.org/product/cypher-gold-ea-v2/ ‎

https://www.forexfactory.cc/product/cypher-gold-ea-v2/

https://yoforexea.com/product/cypher-gold-ea-v2/

https://www.yoforex.org/product/cypher-gold-ea-v2/

🔔😎Happy Trading😎🔔