Currencies Hunter EA V1.1 MT4

Description

🔥Unleashing Profits: Currencies Hunter EA V1.1 MT4🔥

• Minimum Deposit: $1000

• Timeframe to Run: H4

• Recommended Currency Pairs:

  • GBPUSD
  • NZDUSD
  • EURNZD
  • GBPAUD

• Lot Size: 0.08

• Drawdown Target: Less than 1%

Strategy Overview:

The “Currencies Hunter EA V1.1 MT4” is designed to identify buy and sell opportunities in sideways moving markets. Here’s how it works:

1. Engulfing Pattern: The EA focuses on the engulfing candlestick pattern. When a bullish or bearish engulfing pattern forms (where the large candle covers the entire previous candle, including wicks), the EA takes action.
2. Pending Orders: Once an engulfing pattern is detected, the EA places pending Buy or Sell orders at the maximum or minimum price of the engulfing candle.

3. Stop Loss (SL):

   • For Buy orders: Set SL at the low of the engulfing candle.
   • For Sell orders: Set SL at the high of the engulfing candle.

4. Take Profit (TP):

   • TP levels vary based on the currency pair and timeframe. Adjust according to market conditions.
   • Consider using the size of the reference engulfing candle (box) as a guide for TP placement.

Additional Notes:

• Spread Matters: Lower spread currency pairs (such as EURUSD, GBPUSD, USDJPY, USDCHF) are recommended for better profitability.
• Demo Testing: Always test the EA on a demo account first to understand its behavior and performance.
• Risk Management: Consider adding a money management feature to limit risk (e.g., risking a fixed percentage of account balance per trade).

Download :

Currencies Hunter EA V1.1 MT4” from our website: https://yoforex.org/product/currencies-hunter-ea-v-1-1-mt4/

  join our Telegram group: https://t.me/yoforexrobot

 

[Remember to adjust settings based on your broker’s spread and individual preferences]

 

😊Happy Trading😊