AI Price Action Robot EA V2.3
Introduction
The AI Price Action Robot EA V2.3 is an expert advisor (EA) designed for the MetaTrader 4 platform. It combines sophisticated mathematical calculations with price action analysis to execute trades efficiently. Whether you’re a seasoned trader or a beginner, this EA simplifies your trading process.
Key Features
- Scalping Strategy: The EA focuses on short-term price movements, aiming to profit from rapid market fluctuations.
- Timeframe: Works across multiple timeframes, but fundamentally optimized for M1 (1-minute) charts.
- Currency Pairs: Compatible with all forex symbols.
- Percentage Trailing System: Automatically adjusts stop-loss levels based on percentage gains.
- Multiple Trades: Can handle multiple currency pairs simultaneously.
Recommended Settings
- Deposit: Start with a minimum of $100, but consider $500 for better risk management.
- Timeframe: Optimal timeframes range from M5 (5-minute) to H1 (1-hour).
- Currency Pair: XAUUSD (Gold) is recommended due to its liquidity and volatility.
- Strategy: The EA combines scalping techniques with stop-loss (SL) and take-profit (TP) levels.
How the EA Takes Trades
- Bar Height Analysis: The EA monitors bar heights (candlestick patterns) and performs complex mathematical calculations.
- Entry Distance: Determines the optimal entry point based on bar height and multiplier values.
- Trailing Stop: If a trade is profitable, the EA trails the stop-loss to lock in gains.
- Automatic Lot Sizing: Adjusts lot sizes based on your account balance.
- Risk Control: Implements stop-loss and take-profit levels automatically.
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