Clock v1.2 Auto Indc M4

Strategy:

The EA employs a trend-following strategy, aiming to capitalize on price movements. Here’s how it takes trades:

1. Trend Identification:
   • The EA monitors price action and identifies trends using technical indicators (e.g., moving averages, RSI, or MACD).
   • It focuses on strong trends, avoiding choppy or sideways markets.
2. Entry Criteria:
   • Buy Trade:
     • When the trend is bullish, the EA waits for a pullback or retracement.
     • It looks for specific candlestick patterns (e.g., bullish engulfing, hammer) near support levels.
     • Once conditions align, it enters a buy trade.
   • Sell Trade:
     • In a bearish trend, the EA seeks rallies or bounces.
     • It identifies bearish candlestick patterns (e.g., shooting star, bearish engulfing) near resistance levels.
     • Upon confirmation, it enters a sell trade.
3. Risk Management:
   • The EA calculates position size based on account balance and risk percentage.
   • Stop-loss and take-profit levels are set conservatively to protect against adverse market moves.
   • Trailing stops may be employed to lock in profits during favorable trends.
4. Exit Criteria:
   • Take Profit:
     • The EA aims for a predefined profit target (e.g., 2:1 reward-to-risk ratio).
     • It closes the trade when the price reaches the specified take-profit level.
   • Stop Loss:
     • If the trade goes against the trend, the EA exits at the predetermined stop-loss level.
   • Trailing Stop:
     • During favorable trends, the EA adjusts the stop-loss upward to secure profits.