Description

SprutFx EA MT4: A Comprehensive Overview

Introduction

The SprutFx EA MT4 is an Expert Advisor (EA) designed for use with the Meta Trader 4 (MT4) platform. It employs a unique trading strategy based on proprietary indicators, support and resistance levels, and a grid method for managing orders. Let’s dive into the details:

Key Features:

1. Trading Strategy:
   • The EA trades exclusively from support and resistance levels.
   • Proprietary filters are applied to enhance trading decisions.
   • A grid of orders is utilized, allowing for partial closing of positions.
2. Currency Pairs:
   • The following currency pairs are recommended:
     • EURGBP
     • GBPUSD
     • EURUSD
     • USDCAD
     • EURCAD
   • For rollback currency pairs, consider using an increased lot size for:
     • AUDCAD
     • AUDNZD
     • NZDCAD
3. Timeframe:
   • The SprutFx EA MT4 operates on the M15 timeframe.
4. Minimum Deposit:
   • While the EA can be used with any account size, we recommend a minimum deposit of $500 to ensure effective risk management.

 

 

 

 

 

 

 

 

How the EA Takes Trades:

1. Support and Resistance Levels:
   • The EA identifies key support and resistance levels on the chart.
   • Trades are executed when price interacts with these levels.
2. Partial Closing of Orders:
   • As trades progress, the EA partially closes positions to lock in profits.
   • This feature helps manage risk and optimize overall performance.
3. Grid Method:
   • The grid strategy involves placing orders at specific intervals (grid levels).
   • The EA adjusts these levels based on market conditions.

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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Additional Resources :

Instant Download: https://yoforex.org/product/sprutfx-ea-mt4/

Contact:  @yoforexpremium

🔔😎Happy Trading😎🔔