Description
IS Yellow EA V2 MT4 Strategy
Overview
The IS Yellow EA V2 is a fully automated trading system designed for MetaTrader 4. It focuses on short-term trend changes and operates within a predefined price corridor. By opening positions in different directions with varying lot sizes, it aims to achieve consistent profits.
Key Parameters
- Symbol: Any currency pair (recommended: XAUUSD, EURUSD, or GBPUSD)
- Timeframe: H1 (1-hour chart)
- Minimum Deposit: $500
- Leverage: 1:500 (works with 1:200 or less)
- Preferred Broker: Any MT4 broker
Trading Approach
The IS Yellow EA strategy employs the following components:
- Price Corridor Creation:
- The EA establishes a price “corridor” based on recent trend changes.
- It identifies external borders within this corridor for potential trade entries.
- Entry and Exit Rules:
- Buy Signal: When the price crosses above the upper corridor boundary.
- Sell Signal: When the price crosses below the lower corridor boundary.
- Risk Management:
- Stop Loss (SL): Optional (user-defined).
- Take Profit (TP): Set based on historical price behavior or dynamic levels.
- Trailing Stop: Adjusts the SL as the trade moves in favor.
Testing and Deployment
Before deploying the IS Yellow EA V2 in live trading, follow these steps:
- Demo Testing: Thoroughly test the EA on a demo account to understand its behavior and performance.
- Risk Assessment: Determine an appropriate risk percentage per trade based on your risk tolerance.
- Backtesting: Backtest the strategy using historical data to evaluate profitability and drawdown.
- Live Deployment: Once satisfied, deploy the EA on a live account with proper risk management.
Telegram Channel:
Join our Telegram channel for real-time updates, trading insights, and community discussions: https://t.me/yoforexrobot Telegram.
Download the EA:
You can download the IS Yellow EA V2 MT4 directly from our website: https://yoforex.org/product/is-yellow-ea-v2-mt4/
Trade with Confidence:
The IS Yellow EA MT4 combines precision, adaptability, and risk management to enhance your trading experience. Whether you’re a day trader or a swing trader, this EA provides a powerful tool for navigating the forex market.
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