VOLATILITY 100 EA MT5

 Let’s break down the valuable information for the VOLATILITY 100 EA MT5

Overview

The VOLATILITY 100 EA MT5 is an Expert Advisor (EA) designed for MetaTrader 5. It operates as a pure volatility scalper, relying on market orders and price action to generate signals. Here are the key details:

• Name: VOLATILITY 100 EA MT5
• Type: Expert Advisor (EA)
• Purpose: Scalping in volatile market conditions
• Signal Generation: Price action and volatility-based algorithm
• Conditions for Operation:
  • Tight Spread: Requires a low spread to execute trades efficiently.
  • Fast Execution: Relies on quick order execution.
  • Stop Level = 0: No minimum stop level for orders.

Key Features

• Pure Volatility Scalping: The EA focuses solely on exploiting price volatility.
• No Indicators: It doesn’t use any technical indicators; instead, it analyzes raw price movement.
• Algorithmic Speed Calculation: Utilizes an algorithm to assess price speed and generate signals.
• Broker Considerations: Avoid running other EAs simultaneously in the same terminal to maintain modification speed.

Strategy

The strategy employed by the VOLATILITY 100 EA MT5 revolves around rapid scalping during volatile market conditions. Here’s how it works:

1. Market Orders Only: The EA executes market orders based on real-time price movements.
2. Price Action Signals: It identifies favorable entry points using price action patterns.
3. Volatility-Based Signals: The algorithm calculates the speed of price changes to generate buy or sell signals.
4. No Stop Loss or Take Profit: Orders close immediately when the trend direction changes.
5. Trail Stop for Profit Protection: Use a trailing stop to safeguard profits.

Minimum Deposit

• Recommended Minimum Deposit: The EA can be tested with a demo account first, but for live trading, consider a minimum deposit of $500 or more.

Timeframe

• Optimal Timeframes: The H1 (1-hour) and H4 (4-hour) timeframes are most effective for this strategy.

Currency Pair

• Currency Pair: The EA is versatile and can be used with various currency pairs. However, consider major pairs like EUR/USD, GBP/USD, or USD/JPY for liquidity and stability.