Power Mach EA MT4

Power EA is a popular trading software designed for use in the foreign exchange market. This powerful tool can help traders automate their trend-based trading strategies and execute trades quickly and efficiently. It’s a high-frequency trading EA that deeply scans ongoing price actions of selected instruments and remains sensitive to critical changes in market trends and momentums.

Description

Power Mach EA MT4

Overview

The Power Mach EA MT4 is a popular trading software designed for use in the foreign exchange market. Traders can automate their trend-based trading strategies using this powerful tool, executing trades quickly and efficiently. Notably, this MT4 bot was developed to assist traders in passing trading competitions like the FTMO challenge.

Key Features:

Cycle-Based Trading and Hedging: The Power Mach EA employs market cycle-based trading strategies, which are particularly effective for day traders and scalpers. Additionally, it incorporates hedging techniques to manage risk effectively.
Suitable Timeframes: The EA is most effective on shorter timeframes, specifically the M30 and higher.
Currency Pairs: While it can trade all types of forex currency pairs, beginners are advised to focus on major pairs like EURUSD.

Strategy Details

The Power Mach EA utilizes the following strategies to take trades:

Scalping with Market Cycles: Scalping involves making quick trades to capture small price movements. The EA identifies market cycles and executes trades accordingly.
Hedging for Risk Management: Hedging involves establishing a contrary position in a comparable asset to offset potential losses. By combining scalping with hedging, the EA aims to maximize profits while managing risk.

Technical Indicators Used:

MACD (Moving Average Convergence Divergence): The MACD helps verify the direction of current market momentum.
Parabolic SAR (Stop and Reverse): This indicator identifies trend-reversal points and key dynamic support/resistance levels.

Customizable Parameters:

Initial Lot Size: Set the primary trading lot.
Lot Exponent: Determines the maximum exponential increase of the trading lot.
Slippage: Specifies the price slippage limit.
Risk: Adjusts the risk-to-reward factor.