Yumnaa Classic EA MT5+Setfiles

Yumnaa Classic EA MT5+Setfiles::

Overview

The Yumnaa Classic EA MT5+Setfiles is an automated trading system designed for the MetaTrader 5 (MT5) platform. It employs a specific strategy to execute trades in the foreign exchange (forex) market. Here are the key features and details:

1. Timeframe: M5 (5-minute candlesticks)
2. Currency Pair: EURUSD (Euro against the US Dollar)

Strategy

The Yumnaa Classic EA follows a well-defined trading strategy to identify entry and exit points. Let’s delve into the specifics of how it takes trades:

1. Trend Following: The EA primarily operates as a trend-following system. It aims to capitalize on sustained price movements in the EURUSD pair.
2. Moving Averages (MA):
   • The EA uses two exponential moving averages (EMA):
     • Fast EMA (5-period): This EMA responds quickly to price changes.
     • Slow EMA (20-period): This EMA provides a smoother trend indication.
   • Signal: When the fast EMA crosses above the slow EMA, it generates a bullish signal. Conversely, a bearish signal occurs when the fast EMA crosses below the slow EMA.
3. Confirmation Indicator:
   • The EA incorporates the Relative Strength Index (RSI) as a confirmation tool.
   • Overbought Condition: If the RSI crosses above 70, indicating overbought conditions, the EA waits for additional confirmation.
   • Oversold Condition: If the RSI crosses below 30, indicating oversold conditions, the EA looks for further confirmation.
4. Entry Criteria:
   • Bullish Trade:
     • Fast EMA crosses above slow EMA.
     • RSI confirms the bullish signal (not in overbought territory).
   • Bearish Trade:
     • Fast EMA crosses below slow EMA.
     • RSI confirms the bearish signal (not in oversold territory).

1. Stop Loss and Take Profit:
   • The EA sets a fixed stop loss and take profit level for each trade.
   • Stop loss: Typically placed below the recent swing low (bullish trade) or above the recent swing high (bearish trade).
   • Take profit: Set at a reasonable reward-to-risk ratio.

Minimum Deposit

To run the Yumnaa Classic EA effectively, consider the following minimum deposit:

• Minimum Deposit: $1,000 (or equivalent in your account currency)