Force Dragon EA MT4+Setfiles

• Minimum Deposit: To effectively utilize the Force Dragon EA, we recommend a minimum deposit of approximately $1,000. This ensures proper risk management and allows the EA to operate optimally.
• Timeframes to Run:
  • M5 (5-Minute): The EA actively monitors the 5-minute chart for rapid trading opportunities.
  • M15 (15-Minute): It also analyzes the 15-minute chart to identify favorable entry points.
  • D1 (Daily): Crucial for overall trend confirmation.
• Currency Pair:
  • EUR/USD: The EA focuses exclusively on the EUR/USD currency pair.

Trading Strategy

The Force Dragon EA MT4+Setfiles follows a dynamic strategy designed to capitalize on market movements:

1. Fibonacci-Based Approach:
   • The EA utilizes Fibonacci retracement levels to identify strong support and resistance zones.
   • It focuses primarily on the 38.2% retracement level for optimal entries.
   • Fibonacci levels act as key reference points for trade decisions.
2. Immediate Reaction:
   • When price touches relevant Fibonacci zones, the EA enters trades promptly.
   • It capitalizes on initial market responses to price movements.
3. Risk Control:
   • The strategy maintains predefined risk-to-reward ratios.
   • Stop-loss and take-profit levels are set to manage risk effectively.
4. Avoiding Non-News Times:
   • The EA remains inactive during non-news hours.
   • It resumes trading when relevant market conditions prevail.

Remember, no strategy guarantees success. Always practice responsible trading.

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