Basket Writer EA V7 : A Comprehensive Guide
Overview
The Basket Writer EA V7 is a powerful trading utility . It serves two essential purposes: maximizing profits and safeguarding your trading account. In this article, we’ll delve into the details of this EA, including its strategy, recommended settings, and where to download it.
Key Features:
- Profit Harvesting: The EA optimizes your overall account profit by managing all open positions as a basket.
- Account Protection: It acts as an account protector, ensuring that your equity remains within desired limits.
- Simple Interface: The EA is user-friendly and easy to set up.
Strategy
The Basket Writer EA V7 employs a unique strategy to handle trades:
- Basket-Level Control: Instead of managing individual trades, it focuses on the entire basket of open positions.
- Take Profit and Stop Loss: You can set basket-level take profit and stop loss percentages based on your account balance or in your account currency.
- Break Even: Set a break-even level for the entire basket.
- Trailing Stop Loss: Apply a trailing stop loss to protect profits as the market moves.
Recommended Settings
- Currency Pairs: The EA works with any currency pair available on M4.
- Minimum Deposit: While there’s no strict minimum, we recommend starting with at least $500 to effectively manage multiple positions.
- Time Frame: The EA operates on any time frame, but consider using it on H1 (1-hour) or higher for better results.
How It Works
- Attach the Basket Writer EA V7 to a separate chart in your M4 terminal.
- Click the Auto Trading button to activate the EA.
- Configure your desired settings, including take profit, stop loss, and break-even levels.
- Monitor your account as the EA manages trades collectively.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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