Description

Morfeus EA V5.20 MT4 NoDLL

• Strategy Overview:
  • The Morfeus EA utilizes a breakout-based approach, generating market entry signals when the price crosses specific price range boundaries.
  • The strategy is built on historical data with 99.9% quality over the last 15 years.
  • The EA selects the best signals while filtering out false ones.
  • It focuses on breakouts that show the most promising results.
  • The EA employs an adaptive trailing stop and maintains a very small stop loss (SL) to protect the account from equity drawdown with minimal risk per trade.
• Recommended Pair and Timeframe:
  • Pairs: EURUSD, USDJPY, GBPUSD
  • Timeframes: H1 (1-hour chart) or M30 (30-minute chart)
• Requirements and Recommendations:
  • Choose a broker with low spreads and high-quality execution.
  • Consider using a Virtual Private Server (VPS) with minimal ping to your broker for optimal performance.
  • Ensure that your PC processor is not overloaded with other programs or advisors to allow smooth tick processing.
  • Run the EA on one account (one account per adviser).
  • Leverage of 1:100 or higher is recommended.
  • If using multiple advisors on the same account, ensure they have different Magic numbers.
  • Confirm with your broker that scalping strategies (holding positions for less than a minute) are allowed.

• Parameters:
  • Magic: Identifier for trades.
  • Order Comment: Comment for orders.
  • Slippage: Allowable slippage before an order triggers.
  • Max Spread: Maximum spread allowed before pending orders trigger.
  • Fixed Lot: Fixed lot size (if not using risk management).
  • Use Risk MM: If true, lot size increases as the account balance grows (risk management).
  • Percentage Risk: Lot size increase based on balance value (risk management in %).
  • Take Profit: Take profit in points.
  • Stop Loss: Stop loss in points.
  • Breakeven Target PipsInp: Breakeven triggers when the price is above this value.
  • Breakeven Jump PipsInp: Stop loss moves to breakeven using this value.
  • Trailing Stop: Trailing points when the position is in profit.

How to Get Started

1. Download and Installation:
   • Download the Promex EA V1.3 MT4 from the provided link.  https://yoforex.org/product/promex-ea-v1-3-mt4/ ‎
   • Visit our website https://www.yoforex.org/ for additional resources and insights.Contact:  @yoforexpremium

😎💫Happy Trading💫😎