Description
The System Sonic Wave MT4 is a powerful non-repainting indicator system designed for both novice and experienced traders
Overview:
- Strategy Name: Sonic Wave MT4
- Minimum Deposit: $500 (recommended)
- Time Frame: H1 (1-hour chart)
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY
Key Features:
- Algorithmic Approach: Sonic Wave MT4 utilizes a sophisticated algorithm to identify high-probability trading opportunities.
- Telegram Alerts: Join our Telegram channel here for real-time trade alerts and updates.
- EA Download: You can download the Sonic Wave EA from our website on the Sonic Wave MT4 page.
Trading Strategy:
- Opening Line: The EA waits for a specific candlestick pattern or price level to form before initiating a trade.
- Stop Loss (SL): Set at a fixed distance from the entry point to limit potential losses.
- Take Profit (TP): Target profit level based on historical price movements or Fibonacci extensions.
Example Trade:
- Signal Generation:
- Sonic Wave identifies a bullish engulfing pattern on the EUR/USD 1-hour chart.
- Opening line: Breakout above the high of the engulfing candle.
- Trade Execution:
- Buy order triggered at 1.1200.
- SL set at 1.1150 (50 pips below entry).
- TP set at 1.1300 (100 pips above entry).
- Result:
- Price reaches TP, yielding a 1:2 risk-reward ratio.
Risk Management:
- Position Sizing: Adjust lot size based on account balance and risk tolerance.
- Max Drawdown: Maintain a maximum drawdown of 10% per trade.
Get Started Today!
- Visit Our Website : https://yoforex.org/
- Join our Telegram channel for real-time updates and discussions : https://t.me/yoforexrobot
- Contact : @YoForexPremium
- Download System Sonic Wave MT4 directly from our website : https://yoforex.org/product/system-sonic-wave-mt4/
Remember, while Trade Assistant V9.8 MT4 simplifies trade management, always test it on a demo account first to understand its behavior.
😊HAPPY TRADING😊
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