SmLazyTMA V9.1 EA MT4

Certainly! Let’s create a valuable overview for the “SmLazyTMA V9.1 EA MT4” based on the available information:

SmLazyTMA V9.1 EA MT4 Overview

Key Features:

• Timeframes: M5 and M1
• Currency Pairs: (To be specified)
• Minimum Deposit: (To be specified)

Strategy:

The SmLazyTMA V9.1 EA MT4 employs a unique strategy that combines elements of trend-following and volatility-based trading. Here’s how it takes trades:

1. TMA Bands (Standard Deviation):
   • Instead of using the Average True Range (ATR), this EA utilizes the standard deviation to calculate the TMA (Triangular Moving Average) bands.
   • The multipliers for the bands follow the mathematical sequence: 1, 2, 3, 4.
2. Moving Average Slope:
   • The EA considers the logarithm of the slope of a simple moving average (SMA) with a period of 3 and a shift of 1.
   • The moving average is calculated based on the typical price (pivot).
3. Trade Entry Criteria:
   • Long Trades:
     • When the close of the current candle crosses above Band2 (upper TMA band), a long signal is generated.
     • Entry occurs at the open of the next candle.
   • Short Trades:
     • For short trades, the signal is based on the close of the previous candle crossing below Band2.
     • Entry also occurs at the open of the next candle.
4. Risk Management:
   • The EA calculates lot sizes based on a fixed risk percentage (e.g., 1% of account balance) for stop loss placement at Band4.
   • Trailing stops are applied using Band1 or Band2.

Recommended Usage:

• Timeframes: M5 and M1 are recommended for optimal performance.
• Currency Pairs: Choose currency pairs with sufficient liquidity and moderate volatility.
• Minimum Deposit: The minimum deposit required to run the EA will depend on your risk tolerance and lot size settings.