Hello friends,
We have begun selling our Expert Advisor (EA) here on MQL4.
Trading Strategy:
- Our EA strategy revolves around Butterfly 🦋 and Harmonic strategies.
- The Harmonic strategy involves identifying recurring price patterns such as the Gartley, Bat, Crab, and Butterfly patterns, formed by Fibonacci retracement and extension levels.
- These patterns offer precise entry and exit points, emphasizing buying at strong support levels and selling at significant resistance levels across various currency pairs.
- Utilizing visual line analysis, the EA ensures accurate trading decisions.
Recovery Mode:
- In cases of losses, the EA employs a recovery mode strategy by adjusting trade sizes to recoup funds.
- Note: This approach shares similarities with the Martingale strategy and significantly increases risk levels.
Account Requirements:
- Minimum Capital: A minimum capital of $3,000 is required to start trading.
- This requirement emphasizes the importance of judicious capital allocation and robust risk management practices.
Primary Currency Pairs:
- Currency Pairs: EURUSD, EURCAD, EURGBP, GBPCAD, NZDCAD, GBPUSD, AUDCAD, USDCAD, AUDNZD, GBPCHF (All of these currency pairs are already built into the code).
Optimized Timeframes:
- The M15 (15-minute charts) timeframe is recommended across multiple currency pairs.
- It offers rapid entry and exit points but entails increased market noise, requiring diligent monitoring.
Recommended Broker:
- Exness Broker is recommended for its exceptionally low spreads and nominal commissions.
- Lower trading costs directly contribute to increased net profits.
- Utilizing lower leverage ratios such as 1:200 – 1:500.
Setting up my EA:
- Attach the EA only to the “One_chart” [EURUSD].
- Click “OK” then [Restart MT4 three times] and leave it running on your VPS.
Reminder:
- Avoid interfering with the EA’s trades or involving other EA trades. ⛔
To become a successful trader using this EA, the key is patiently waiting to achieve success. 🤷♂️
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