Description

Unleash Your Trading Potential with ShutterStock EA V1.5 MT4

Name: ShutterStock EA V1.5 MT4 - Free Download
Price: 150.00 USD
Availability: InStock

Overview

The ShutterStock EA V1.5 MT4 is a cutting-edge expert advisor specifically designed for the MetaTrader 4 platform. This powerful trading robot is engineered to enhance your trading strategy and maximize profitability in the forex market. Perfect for both novice and experienced traders, the ShutterStock EA V1.5 MT4 utilizes advanced algorithms to identify and execute high-probability trades.

Recommended Settings

To get the most out of ShutterStock EA V1.5 MT4, it is essential to follow these recommended settings:

Minimum Deposit: $100
Timeframe: H1 (1 Hour)
Currency Pairs: EURUSD, EURCHF

How ShutterStock EA V1.5 MT4 Executes Trades

The ShutterStock EA V1.5 MT4 employs a sophisticated blend of trend-following and range-bound strategies to secure profitable trades on the EURUSD and EURCHF currency pairs. Here’s a breakdown of its approach:

Technical Indicators:
The EA uses a combination of Moving Averages (MA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to detect trend direction and momentum.
Trade Initiation:
When these indicators align to confirm a strong trend, the EA enters a trade in the direction of the trend.
For example, if the Moving Averages show an upward trend, the RSI is above 50, and the MACD line is above the signal line, the EA will initiate a buy trade.
Risk Management:
Stop-loss levels are set below recent support levels for buy trades and above recent resistance levels for sell trades to protect against unfavorable market movements.
Take-profit targets are defined using a risk-reward ratio, ensuring that each trade has a favorable potential reward compared to the risk.

Range-Bound Strategy

Market Analysis:
The EA identifies key support and resistance levels, utilizing Bollinger Bands and the Average True Range (ATR) to determine potential trading ranges.
Trade Execution:
When the price moves within a defined range and approaches either the upper or lower boundary, the EA enters a trade anticipating a reversal.
For instance, if the price touches the upper Bollinger Band and the ATR suggests low volatility, the EA will execute a sell trade expecting the price to drop.
Risk Management:
Stop-loss orders are placed just outside the trading range to guard against unexpected breakouts.
Take-profit levels are set within the range to capture the expected price reversal.

Dynamic Lot Sizing

Equity-Based Adjustments:
- The EA dynamically adjusts lot sizes based on the account’s equity, ensuring that each trade is proportional to the available capital. This feature helps manage risk effectively and optimizes the use of available funds.

News Filter

High-Impact News Avoidance:
- The EA includes a news filter to avoid trading during high-impact news events, reducing the risk of unexpected market volatility affecting trades.

Advanced Risk Management

Stop-Loss and Take-Profit:
- The EA incorporates a sophisticated risk management system with predefined stop-loss and take-profit levels, protecting the account from significant losses and securing profits.