SCARLET EURUSD M5 EA MT4: A Profitable Expert Advisor

Overview

The SCARLET EURUSD M5 EA is an automated trading system designed for the MetaTrader 4 (MT4) platform. It follows a specific strategy to seek profits in the EURUSD currency pair. Below are the key details:

• Minimum Deposit: The recommended minimum deposit to run SCARLET EURUSD M5 EA is $1,000.
• Time Frame: The EA operates on the 5-minute (M5) chart.
• Currency Pair: It focuses exclusively on EURUSD.

Strategy

The basic strategy of SCARLET EURUSD M5 EA is as follows:

1. Trend Following: The EA identifies the medium-term trend direction.
2. Buy Dips, Sell Rallies: It buys during price dips and sells when the trend aligns.
3. Risk Management: SCARLET EURUSD M5 EA doesn’t open more than 2 to 5 trades per week, and it never has more than one trade open at a time.
4. Stop Loss and Take Profit: Each trade has a protective stop loss and a predefined take profit level.

Performance

Here’s a summary of the EA’s performance:

• Gain: +1390.38%
• Daily Return: 0.05%
• Monthly Return: 1.41%
• Drawdown: 42.44%
• Balance: $14,903,791.70
• Highest Balance: $14,903,791.70
• Profit: $13,903,791.45
• Deposits: $1,000,000.00
• Test Period: Jan 18, 2005, to Nov 24, 2020
• Average Trade Length: 5 hours 38 minutes
• Winning Trades: 76% (longs) and 79% (shorts)

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

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