Bazooka Entry EA V3

Bazooka Entry EA V3 : A Powerful Trading Tool::

Overview:

The Bazooka Entry EA V3 for MetaTrader 4 (MT4) is designed to enhance your trading experience. Whether you’re a seasoned trader or just starting out, this EA offers valuable features to optimize your trades.

Key Features:

• Automated Trading: The EA executes trades automatically based on predefined rules, freeing you from manual intervention.
• Daily Low & High Strategy: Trades are placed on the daily (D1) timeframe, ensuring a robust and consistent approach.
• Pending Orders: Utilizes Buy Stop and Sell Stop orders for precise entry points.
• Email Alerts: Receive notifications when trades are closed.
• Screenshot Feature: Capture and save screenshots of your entries and exits for later review.

Strategy:

The Bazooka Entry EA V3 employs a straightforward yet effective strategy:

1. Candlestick Analysis: At the start of each new day, the EA checks if a new candle has formed.
2. Wick Calculation: It calculates the “wickBuy” and “wickSell” values based on the previous daily candle’s open, high, and low prices.
3. Entry Points:
   • If “wickBuy” > “wickSell,” a Buy Stop order is placed above the previous day’s high.
   • If “wickSell” > “wickBuy,” a Sell Stop order is placed below the previous day’s low.

1. Risk Management:
   • Stop Loss for Buy Stop order: Set below the previous day’s high.
   • Stop Loss for Sell Stop order: Set above the previous day’s low.
2. Take Profit: Specify a Take Profit level for both orders.
3. Magic Number: Used to identify orders placed by this specific EA.
4. Slippage Setting: Accounts for potential order execution variations.

Minimum Deposit:

To get started with the Bazooka Entry EA V3, a minimum deposit of $100 is recommended. This ensures sufficient capital for effective trading.