Description
Atena Gold EA V1.4 Overview
The Atena Gold EA V1.4, a powerful trading robot designed for the Meta Trader 4 (MT4) platform.
- Platform: Meta Trader 4 (MT4)
- Currency Pair: XAUUSD (Gold)
- Strategy Type: Long-term trading robot with weekly and monthly profit targets.
- Risk Management: Incorporates risk management measures such as stop loss and take profit levels, as well as position sizing based on account balance.
- Trade Frequency: Executes numerous trades daily, both long and short positions, using hedging to minimize risk.
- Recovery System: Utilizes a recovery procedure (similar to Martingale but not quite) during countertrend movements.
- Multiple Timeframes: Analyzes various EUR/USD charts with different timeframes for comprehensive trend analysis.
- Entry and Exit Criteria: Based on a combination of moving averages, oscillators (MACD, RSI, Stochastic), and price swings.
- Manual Option: Allows manual operation with BUY and SELL buttons for user intervention.
- Settings Customization: Users can adjust settings, including lot size, trend detection, and profit-taking levels.
Strategy Description
The Atena Gold EA V1.4 combines technical analysis and market trends to execute trades. Here’s how it works:
- Market Trends: Atena operates in both directions of the market—buying and selling. It uses hedging to protect long orders while aiming for overall account capital growth.
- Recovery System: During countertrend movements, Atena employs a recovery procedure. It closes short positions to increase account capital, maintaining a balance between risk and profit.
- Risk Management: The EA incorporates stop loss and take profit levels. Position sizing is based on account balance to manage risk effectively.
- Multiple Timeframes: By analyzing various timeframes, Atena identifies potential entry and exit points more accurately.
- Manual Mode: Users can activate manual operation, allowing intervention with BUY and SELL buttons.
Remember that past performance does not guarantee future results, and proper risk management is crucial when using any trading system.
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Additional Resources
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