SALAZAR EA (Source Code) MQ4

• To run SALAZAR EA effectively, a minimum deposit of $500 is recommended. This ensures sufficient capital to withstand market fluctuations and execute trades with precision.

2. Timeframe: M1 or M5

• SALAZAR EA operates optimally on short timeframes: either M1 (1-minute) or M5 (5-minute). These timeframes allow for quick decision-making and capitalize on rapid price movements.

3. Currency Pairs: Excluding XAUUSD (Gold)

• SALAZAR EA is compatible with various currency pairs. However, it is not recommended for XAUUSD (Gold) trading. Instead, consider pairs like EURUSD, GBPUSD, or USDJPY.

4. Trading Strategy: Scalping with Risk Management

• Scalping Strategy: SALAZAR EA follows a scalping approach. It aims to profit from small price fluctuations 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: SALAZAR EA executes frequent trades, aiming for small gains per trade.
  • Tight Stop Loss: The EA sets tight stop-loss orders to limit potential losses.
  • Take Profit: It targets small profit levels, often within a few pips.
  • Risk Management: SALAZAR EA incorporates risk management techniques to protect the account balance. It adjusts position sizes based on account equity and volatility.

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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