White Star EA V12 MT5: Unlocking Profitable Trades
The White Star EA V12 for MetaTrader 5 (MT5) is an expert advisor designed to enhance your forex trading experience. Whether you’re a beginner or an experienced trader, this indicator can enhance your trading strategy. Let’s dive into the details:
Overview
- Indicator Purpose:
- Searches for Hammer and Shooting Star patterns on charts of any currency pairs.
- Hammer (Downward trend):
- Lower shadow is 2 to 3 times larger than the body.
- No upper shadow or a very short one (up to 10% of the candlestick range).
- Color of the body is not critical; white hammer is stronger than black in short games.
- Shooting Star (Uptrend):
- Upper shadow is at least 3 times larger than the body.
- No lower shadow or a very short one (up to 10% of the candlestick range).
- Price gap between the star and the previous candlestick.
Account Setup
- Minimum Deposit: $500
- Timeframe: M1 or M5
- Currency Pairs: EURUSD and GBPUSD
Strategy Type
- The White Star EA V12 MT5 follows a reversal strategy.
- It identifies potential trends and turning points based on expected price patterns.
- Not a martingale or hedging system; rather, it focuses on market dynamics.
Remember, trading involves risk, and past performance is not indicative of future results. This bot could be your ticket to success—so trade wisely and soar in the Forex world!
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