Description

DERIV May Cry EA V1.1 MT5

The DERIV May Cry EA V1.1 MT5 offers a comprehensive and automated solution for traders in the Forex market. This EA is built to execute trades based on sophisticated strategies designed to analyze market conditions and generate accurate buy/sell signals. Below, we will outline the key aspects that contribute to its successful trading performance.

Key Information:

Minimum Deposit: $100-$500
Time Frame: 15-minute to 4-hour charts
Currency Pairs: Best performance on major pairs like USD/JPY, EUR/USD, GBP/USD, AUD/USD

Trade Execution Strategy:

Entry Criteria:
- Trend Identification: The EA identifies the prevailing trend using Moving Averages (MA) and Bollinger Bands.
- Momentum Confirmation: Utilizes the Relative Strength Index (RSI) to confirm momentum before entering a trade.
- Volatility Check: Uses Bollinger Bands to assess market volatility and filter out noisy markets.
Exit Criteria:
- Profit Target: Exits trade when a predetermined profit target is reached, usually based on a multiple of the Average True Range (ATR).
- Stop Loss: Places a stop loss based on the ATR to limit potential losses.
- Trailing Stop: Implements a trailing stop to lock in profits as the trade moves in favor.
Risk Management:
- Position Sizing: Uses a fixed lot size or percentage risk per trade, depending on account equity.
- Martingale Strategy: Avoids martingale or doubling down; instead, focuses on consistent, small profits.
Market Analysis:
- Trend Following: The EA is designed to follow strong trends, entering trades in the direction of the trend.
- Range Trading: Also capable of identifying range-bound markets and adjusting strategy accordingly.

Performance Summary:

Expected Monthly Return: 5-10% (depending on market conditions)
Win Rate: Typically 60-70% due to strict exit criteria and risk management
Drawdown: Average drawdown is 5-10% per year, with rare occurrences of higher drawdowns during volatile periods.

Conclusion:

The DERIV May Cry EA V1.1 MT5 is a robust automated trading solution that combines trend following, momentum, and volatility analysis to execute trades effectively. With a minimum deposit of $100, it is accessible to traders of various experience levels. By focusing on major currency pairs and using a well-defined strategy, this EA offers a balanced approach to trading, aiming for consistent profits over time.