EA R&J V2 M4: A Powerful Trading Robot
The EA R&J V2 M4 is an (EA) designed for M4. It utilizes advanced algorithms to automate trading decisions, aiming for consistent profits in the forex market. Below are the key details:
Recommended Settings
- Minimum Deposit: $100
- Timeframe: M1 (1-minute chart) and H1 (1-hour chart)
- Currency Pairs: EURUSD and GBPUSD
Strategy
- Trend Following: The EA identifies prevailing trends using moving averages or other technical indicators. It enters trades in the direction of the trend.
- Risk Management: The robot calculates position sizes based on account balance and risk tolerance. It aims to protect capital by setting appropriate stop-loss levels.
- Entry Criteria:
- M1 Timeframe:
- Buy Signal: When a short-term moving average crosses above a longer-term moving average.
- Sell Signal: When a short-term moving average crosses below a longer-term moving average.
- H1 Timeframe:
- Buy Signal: When price breaks above a significant resistance level.
- Sell Signal: When price breaks below a significant support level.
- Exit Criteria:
- The EA uses trailing stops or fixed take-profit levels to secure profits.
- It also monitors market conditions and adjusts exit strategies accordingly.
- Avoiding News Events: The robot avoids trading during major economic news releases to minimize volatility-related risks.
Example Trade Execution
- Setup:
- Timeframe: M1
- Currency Pair: EURUSD
- Trend: Bullish (short-term moving average above long-term moving average)
- Trade Execution:
- The EA detects a bullish crossover of moving averages.
- It enters a buy order at the current market price.
- Stop-loss is set below the recent swing low.
- Take-profit is set at a predefined level (e.g., 20 pips).
- Result:
- Price moves in the expected direction.
- Trailing stop adjusts to lock in profits.
- Take-profit is hit, and the trade closes with a profit.
Additional Resources
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