Super Prime EA V20.2 MT4

 Let’s break down the valuable information about the Super Prime EA V20.2 for MT4 :

 Overview

• Name: Super Prime EA V20.2
• Platform: MetaTrader 4 (MT4)
• Type: Fully automated multicurrency Expert Advisor (EA)
• Author: Fanur Galamov
• Version: 2.0
• Activation Limit: 10

Key Features

1. Scalping Algorithm: The Super Prime EA utilizes a scalping trading algorithm to identify precise entry and exit points on the 5-minute chart.
2. Risk Management: It incorporates money management features to control lot sizes and minimize risk.
3. Currency Pairs: Works best with major currency pairs that have low spreads, including:
   • EURUSD
   • GBPUSD
   • USDJPY
4. Compatibility: Compatible with any MT4 broker with low spreads.
5. Timeframe: Optimal timeframe is M5 (5-minute chart).
6. No Dangerous Strategies: Unlike grid or martingale strategies, the Super Prime EA avoids risky trading methods.

Strategy

• Scalping Approach: Scalping involves rapid opening and closing of positions to capitalize on small price movements.
• Entry and Exit Points: The EA carefully analyzes market behavior, considering factors such as trend direction, current price levels, economic news, and nearby round levels.
• Trade Direction: Trades in the direction of the main trend or counter-trend at price bounces.
• Risk Control: Risk is managed through appropriate stop loss and take profit levels.
• Avoiding Volatility: May not perform well in highly volatile or unpredictable market conditions.
• Returns: While scalping generates frequent winning trades, individual trade returns may be relatively small.

Minimum Deposit

• Recommended: $200 (or equivalent in account currency)
• Leverage: 1:30 to 1:500
• Account Type: Recommended to use an ECN account for best results.
• VPS: Consider using a Virtual Private Server (VPS) for faster execution.