EA Lucre MT4 with SetFiles is an automated trading robot designed for the Meta Trader 4 platform. It aims to maximize profits while keeping drawdown low. Below are the key details:
Strategy
EA Lucre MT4 with SetFiles employs a robust trading strategy that focuses on precision and risk management.
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Timeframes: The EA operates across multiple timeframes, allowing flexibility for different trading preferences:
- M1: Scalping for quick trades.
- M5: Short-term momentum.
- M30: Mid-term trend following.
- H1: Intraday swings.
- H4: Longer-term analysis.
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Currency Pairs: The EA targets specific currency pairs known for liquidity and volatility:
- XAUUSD (Gold): A safe-haven asset with strong trends.
- EURUSD: Major currency pair, suitable for various market conditions.
- GBPUSD: Another major pair with good liquidity.
- USDCAD: Combines the US dollar and Canadian dollar.
- EURGBP: Euro against the British pound.
- AUDCAD: Australian dollar versus the Canadian dollar.
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Drawdown Management: The EA aims to keep drawdown below 8%, ensuring capital preservation during adverse market movements.
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Minimum Deposit: To run the EA effectively, we recommend a minimum deposit of $1,000. This provides sufficient margin and risk tolerance.
How the EA Takes Trades
The EA Lucre MT4 follows a combination of technical indicators and price action. Here’s a simplified view of its trade execution:
- Moving Averages (MA): The EA uses MAs to identify trend direction. When short-term MAs cross above long-term MAs, it signals a potential buy (long) trade. Conversely, when short-term MAs cross below long-term MAs, it indicates a potential sell (short) trade.
- RSI (Relative Strength Index): The RSI helps identify overbought or oversold conditions. When RSI crosses above 70, it suggests overbought, and the EA may consider selling. When RSI crosses below 30, it suggests oversold, and the EA may consider buying.
- Support and Resistance Levels: The EA pays attention to key support and resistance levels. It enters trades near these levels, expecting price reversals.
Conclusion
The EA Lucre MT4 with SetFiles combines technical analysis, risk management, and disciplined execution. Traders can benefit from its diversified approach across different timeframes and currency pairs.
Remember, no strategy guarantees success. Always practice responsible trading.
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