Description
📊Martin D Climber EA V1.0 MT4: A Gold Trading Expert Advisor📊
The Martin D Climber EA V1.0 MT4 is an Expert Advisor (EA) designed to identify optimal entry points for trades based on daily timeframes. It features a 50-pip stop-loss, which we recommend for this strategy. This EA is particularly well-suited for trading in the gold market.
Recommended Settings
- Minimum Deposit: $100-$200
- Timeframe: ANY
- Currency Pair: XAUUSD (Gold/US Dollar)
Key Features
The Martin D Climber EA V1.0 MT4 employs a specific trading strategy to execute trades. Here’s how it works:
- Daily Timeframe Analysis: The EA analyzes price movements on the daily chart to identify potential trade opportunities. It focuses on longer-term trends, which can be more reliable for gold trading.
- Breakout Entries: When the price breaks out of a significant level (such as a support or resistance zone), the EA looks for confirmation signals. These signals may include candlestick patterns, moving average crossovers, or other technical indicators.
- Risk Management: The Martin D Climber incorporates a 50-pip stop-loss to limit potential losses. It’s crucial to adhere to this stop-loss level to protect your capital.
- Position Sizing: The EA calculates position size based on the available account balance and risk tolerance. It aims to maintain consistent risk across trades.
- Take Profit Levels: The Martin D Climber EA sets predefined take profit levels based on historical price movements or technical analysis. These levels are designed to capture profits while avoiding excessive greed.
Parameters
- Equity Percentage:
- This parameter adjusts the lot size based on your available equity.
- For instance, if you set it to 1%, the lot size will be calculated based on $100 for a $10,000 account.
- Similarly, if you set it to 20%, the lot size will be based on $2,000 for a $10,000 account.
- Number of Orders Considered:
- When set to 1, only the most recent order is evaluated.
- If you increase this value, the EA considers the last two orders.
- The choice here impacts how quickly the EA responds to losses.
- Percentage Lost:
- This represents the percentage of orders (based on the “Number of Orders Considered” setting) that ended in a loss.
- For example, if you set “Number of Orders Considered” to 1 and “Percentage Lost” to 100, the EA will start multiplying the next order after one losing trade.
- If you set these values to 2 and 100, the EA will multiply the next order after two consecutive losses.
- A setting of 2 and 50 means the EA will multiply the next order if one or both of the last two trades were losses.
- Multiplier:
- This parameter determines how much the previous order volume is increased after a losing trade.
- For instance, setting it to 2 will double the volume after a loss.
- Be cautious with higher multipliers, as they can significantly increase risk.
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Additional Resources
Instant Download : https://yoforex.org/product/martin-d-climber-ea-v1-0-mt4/
Contact : @yoforexpremium
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