Simple Jembe EA MT4

Simple Jembe EA MT4 Overview

Key Features:

• Simplicity: The Simple Jembe EA is designed for straightforward use, making it accessible even for novice traders.
• Automated Trading: It operates automatically based on predefined rules, reducing manual intervention.
• Customizable Parameters: Users can adjust settings to align with their risk tolerance and trading preferences.

Strategy:

The Simple Jembe EA employs a trend-following strategy. Here’s how it takes trades:

1. Moving Average (MA) Crossover:
   • The EA monitors two moving averages: a shorter-term (fast) MA and a longer-term (slow) MA.
   • When the fast MA crosses above the slow MA, it generates a buy signal.
   • Conversely, when the fast MA crosses below the slow MA, it generates a sell signal.
   • This strategy capitalizes on trend reversals and momentum shifts.
2. Risk Management:
   • The EA calculates position size based on a percentage of account balance or fixed lot size.
   • It sets stop-loss and take-profit levels to manage risk.
   • Users can customize risk parameters according to their risk appetite.

Timeframe:

• The recommended timeframe for the Simple Jembe EA is the 1-hour (H1) chart.
• This timeframe strikes a balance between capturing trends and avoiding excessive noise.

Currency Pair:

• The Simple Jembe EA performs well on major currency pairs, such as:
  • EUR/USD
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • USD/CHF
• Users can choose the currency pair that aligns with their trading preferences.

Minimum Deposit:

• To run the Simple Jembe EA effectively, consider a minimum deposit of $1,000 (or equivalent in your account currency).
• Adequate capital ensures smoother trading and accommodates potential drawdowns.