Description
EA Silver Moon MT4: A Breakdown of Features and Trading Strategy
Introduction
The EA Silver Moon MT4 is an automated forex robot that aims to capitalize on price breakouts. It uses a mathematical algorithm to identify areas of volume accumulation and enters trades when price levels break through these zones. Let’s dive into the details:
Key Features:
- Price Breakout Strategy: The EA focuses on price action, disregarding lagging indicators. When price closes above or below predetermined levels, it triggers trades.
- Volume Accumulation Zones: The algorithm identifies areas where trading volumes accumulate, providing potential breakout opportunities.
- Built-in Trend Filter: The EA incorporates an author-designed indicator to determine the trend direction, enhancing entry point accuracy.
Trading Recommendations:
- Currency Pairs: While the EA can work with any pair, it has shown impressive results on the following:
- EURUSD & GBPUSD: Particularly effective on these pairs.
- Other pairs to consider: USDCAD, EURCHF, USDCHF, EURAUD, AUDUSD, GBPUSD (works on any pair).
- Timeframes: The EA performs well on both M30 and M5 charts (suitable for any timeframe).
- Account Balance: Aim for a minimum standard account balance of $1000 (or equivalent in a cent account).
- 24/7 Operation: For optimal performance, keep the EA online continuously. Consider using a reliable VPS (Virtual Private Server) for uninterrupted operation.
- Low Spread ECN Account: Using an ECN account with low spreads is recommended for better execution.
Installation Guide:
- Open your MetaTrader 4 (MT4) platform.
- From the top menu, click on “File.”
- Select “Open Data Folder.”
- Navigate to the “MQL4” folder.
- Inside “MQL4,” locate the “Experts” folder.
- Copy the “EA Silver Moon_fix.ex4” file into the “Experts” folder.
- Close and restart your MT4 platform.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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Instant Download: https://yoforex.org/product/ea-silver-moon-v7-mt4-with-setfiles/
Contact: https://t.me/yoforexrobot
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