Oracle EA V2.8: A Scalping Strategy
The Oracle EA V2.8 is designed for trend trading in the forex market. It aims to profit quickly and efficiently. Below are the key details:
Strategy Overview:
- Trading Assets: XAUUSD (Gold), cryptocurrencies, and major currency pairs (EURUSD, GBPUSD, AUDUSD).
- Timeframe: H1 (1-hour chart)
- Leverage: Recommended leverage is 1:100 or higher.
- Account Type: Use a narrow spread account (ideal for scalping).
- Broker Recommendation: Consider using an ECN broker with low spreads (e.g., ICMarkets).
Trading Rules:
- Market Order in Counter-Trend: The basic strategy starts with market orders in the counter-trend. However, you can customize it to follow trend strategies.
- Risk Management: Oracle EA V2.8 occasionally uses the martingale method and hedging. As a result, it offers a high ROI (Return on Investment). Adjust your lot size and risk value accordingly.
- Withdrawal Strategy: Profit fast, then withdraw fast. The goal is to double your initial deposit and withdraw it promptly. Regular withdrawals mitigate the risk associated with martingale strategies.
Recommendations:
- Minimum Account Balance: Start with a minimum of $100 (cent account). According to the developer, it can even work with a $500 or $100 account.
- Preferred Pairs: Oracle EA V2.8 performs well on EURUSD, GBPUSD, AUDUSD, and XAUUSD (Gold).
- Timeframes: Optimal timeframes are M5 (5-minute) and H1 (1-hour).
- Volatile Markets: Be cautious during news events; consider closing trades to avoid unexpected volatility.
- 24/7 Operation: For stable results, run Oracle EA V2.8 on a reliable VPS (Virtual Private Server).
Download and Installation
You can download the Oracle EA V2.8 from the official website: Follow these steps:
- Visit the download page https://www.fxcracked.org/product/oracle-ea-v2-8/
Visit our website https://www.fxcracked.org/ for additional resources and insights.
Contact: @yoforexpremium
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