Gods Gift EA V7 (Source Code) MQ4
The Gods Gift EA V7 is an automated trading system coded in MQ4 language. It aims to capitalize on forex market opportunities by executing trades based on a specific strategy. Let’s delve into the details:
Minimum Deposit
- To run the Gods Gift EA V7, we recommend a minimum deposit of $500. This amount ensures sufficient capital for effective trading and risk management.
Timeframe
- The EA operates optimally on short timeframes. We suggest using either the M1 (1-minute) or M5 (5-minute) charts.
Currency Pairs
- The EA is versatile and can be applied to various currency pairs. However, it is not recommended for XAUUSD (Gold) trading. Instead, consider other major or minor pairs such as EURUSD, GBPUSD, AUDJPY, or EURGBP.
Trading Strategy
The Gods Gift EA V7 follows a specific trading strategy:
- Scalping Approach: This EA primarily employs a scalping technique. It aims to profit from small price movements within short timeframes. Here’s how it works:
- Entry Criteria: The EA identifies precise entry points based on technical indicators (e.g., moving averages, RSI, or stochastic oscillators).
- Quick Trades: It executes rapid trades, aiming for small gains per trade.
- Tight Stop Loss: The EA sets tight stop-loss levels to limit potential losses.
- Frequent Trades: Expect multiple trades throughout the day.
- Risk Management:
- The EA incorporates risk management features to protect your account balance.
- It calculates position sizes based on account equity and risk percentage.
- It may use a dynamic lot sizing approach to adjust position sizes according to market conditions.
- No Martingale or Hedging:
- The Gods Gift EA V7 does not employ martingale (doubling down after losses) or hedging (simultaneous buy and sell positions).
- Instead, it focuses on precision and quick execution.
Remember, trading involves risk, and past performance is not indicative of future results. This bot could be your ticket to success—so trade wisely and soar in the Forex world!
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