SpaceX Prop EA

SpaceX Prop EA: A Comprehensive Overview

Key Takeaways:

1. High Flexibility:
   • Easily adjustable for both demo and real accounts.
2. Optimized Settings:
   • Specific lot size and leverage guidelines recommended for GBPUSD and EURAUD pairs.
3. Intelligent Risk Management:
   • Max Drawdown Limit: 3%
   • Forced Exit % options prioritize financial safety.
4. Innovative Techniques:
   • Utilizes Elliott Triple Combo Wave and Fib Speed Resistance Fan.

EA Settings:

• Platform: Meta Trader 4
• Currency Pairs:
  • GBPUSD
  • EURNZD
  • EURAUD
• Timeframe: 1-minute (1MIN)
• Minimum Deposit: $5,000

Strategy Execution:

The SpaceX Prop EA employs a sophisticated trading strategy that combines technical analysis and risk management. Here’s how it takes trades:

1. Elliott Triple Combo Wave:
   • Identifies potential trend reversals using Elliott Wave theory.
   • Looks for specific wave patterns (such as ABC or WXY) to anticipate price movements.
   • Executes trades based on wave completion and confirmation.
2. Fib Speed Resistance Fan:
   • Utilizes Fibonacci retracement levels to identify key support and resistance zones.
   • The EA waits for price to approach these levels.
   • When combined with other technical signals, it triggers buy or sell orders.

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Additional Resources 

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