Index Lord EA V1.0 for MT4
Welcome to the ultimate guide for using the Index Lord EA on MT4. This expert advisor is designed to capitalize on the dynamic trading opportunities in major indices like NASDAQ, DOW (US30), and SP500. Below, you’ll find detailed information on the minimum deposit, timeframes, trading currencies, and the unique strategy employed by this EA.
Key Features:
Minimum Deposit: $300 (if your broker offers 0.1 trading index lots).
Timeframes: 1-minute and 5-minute charts.
Trading Instruments: NASDAQ100, US30 (DOW), SP500.
Broker Requirements: Use brokers that offer good conditions on indices, such as low spreads and low slippage environments.
Account Type: Low Spread with Commission (RAW/RAZOR/ECN), Hedging enabled.
Strategy Overview:
Entry Strategy: The IndexLord EA uses predefined candle sizes for entry, focusing on momentum-driven moves that are crucial for index trading. Trades are triggered on the open of a new bar on the 1-minute or 5-minute candle.
Exit Strategy: Trades are exited either by stop loss or a trailing stop loss, ensuring effective risk management.
Stop Loss: Each trade has a 30-60 point stop loss, crucial for protecting against the volatile moves of indices.
Trade Frequency: Expect more than 5 trades per day, especially active during the European and US sessions (8am EST to 5pm EST).
VPS: While not essential, using a VPS is recommended for optimal performance and stability.
Additional Benefits:
Multiple Trades Management: Capable of managing up to 5 trades simultaneously, especially around market opens when activity spikes.
Price Action Mechanism: Relies on price action, ensuring high win rates by avoiding poor trade entries when the market lacks momentum.
Backtesting and Live Trading: Demonstrates strong congruence between backtesting results and live trading, promising long-term success.
How to Get Started:
Setup: Follow the easy setup instructions, primarily adjusting lot sizes and GMT clock if necessary. Ensure you check spreads before using each pair, targeting NASDAQ <1.0 and DOW30 <2.0.
Stay Updated:
Instant Download: https://www.mql5.software/product/project-903-v1-11-ea/
Contact: https://t.me/mql5software
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