📊LUNA iGold EA V1.30 M4: Optimal Settings and Trading Strategy📊
LUNA iGold EA V1.30 is an EA designed for M4 that specializes in trading the XAUUSD (gold) currency pair. Below, we outline the recommended settings, minimum deposit, and the key features of this EA.
Recommended Settings
- Minimum Deposit: $500
- Timeframe: H1 (1-hour chart)
- Currency Pair: XAUUSD (gold)
Key Features
- Strategy Overview:
- LUNA iGold EA V1.30 employs a trend-following strategy based on technical indicators.
- It identifies potential entry points when specific conditions are met.
- The EA aims to capture profitable price movements in the gold market.
- Trade Execution:
- Buy Trades:
- The EA initiates buy trades when the following conditions align:
- Bullish trend confirmed by moving averages or other trend indicators.
- Candlestick patterns signaling potential upward movement.
- Take Profit (TP) and Stop Loss (SL) levels are set based on historical price data or volatility.
- The EA initiates buy trades when the following conditions align:
- Sell Trades:
- The EA executes sell trades under the following circumstances:
- Bearish trend confirmed by technical indicators.
- Reversal candlestick patterns.
- TP and SL levels are adjusted accordingly.
- The EA executes sell trades under the following circumstances:
- Buy Trades:
- Risk Management:
- LUNA iGold EA V1.30 implements strict risk management rules:
- Fixed lot size or percentage of account balance per trade.
- Trailing stop to protect profits.
- Maximum drawdown limit to prevent excessive losses.
- LUNA iGold EA V1.30 implements strict risk management rules:
- Monitoring and Optimization:
- Regularly monitor the EA’s performance.
- Optimize settings based on historical data and market conditions.
- Consider backtesting and forward testing to fine-tune parameters.
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Additional Resources
Instant Download : https://www.fxcracked.org/product/luna-igold-ea-v1-30-mt4/
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