TS Prop Firm EA V1 MT4 with SetFiles

Description

🔥  TS Prop Firm EA V1 MT4 with SetFiles  🔥

Strategy Overview

The TS Prop Firm EA V1 is an automated trading system designed for the Meta Trader 4 (MT4) platform. It aims to achieve consistent returns while minimizing drawdown. Here are the key points:

• Timeframe:

• The EA operates on the H1 (hourly) timeframe, analyzing price movements and executing trades accordingly.

 

• Currency Pairs: It focuses on the following currency pairs:

  • EURUSD: Euro against the US Dollar
  • XAUUSD: Gold against the US Dollar
  • US30: US30 (Dow Jones Industrial Average) index

 

• Minimum Deposit:

• To start trading with the TS Prop Firm EA, a minimum deposit of $1000 is recommended.

• Risk Management: The EA incorporates risk control mechanisms to manage drawdown effectively.

 

Trading Strategy

The EA employs a combination of technical indicators, price patterns, and trend-following strategies. Here’s how it takes trades:

1. Trend Identification: The EA identifies prevailing trends using moving averages, Bollinger Bands, or other relevant indicators.
2. Entry Signals:
   • EURUSD: When specific conditions align (e.g., moving average crossovers, RSI levels), the EA enters long or short positions on EURUSD.
   • XAUUSD: Similar entry criteria are applied to XAUUSD (Gold).
   • US30: For the US30 index, the EA looks for price patterns or breakouts to initiate trades.
3. Position Sizing:
   • The EA calculates position sizes based on account balance and risk tolerance.
   • Minimum lot size: 0.01 (micro lots).
4. Stop Loss and Take Profit:
   • The EA sets dynamic stop-loss and take-profit levels based on recent price volatility.
   • It aims for a favorable risk-to-reward ratio.
5. Trailing Stop:
   • As trades move in the desired direction, the EA adjusts the stop loss to lock in profits.
6. Exit Criteria:
   • Trades are closed when the predefined profit target or stop loss is reached.
   • The EA may also exit based on reversal signals or adverse market conditions.

 

Risk Considerations

• Drawdown: While the EA aims for consistent returns, drawdowns are an inherent part of trading. Traders should be prepared for temporary account declines during unfavorable market conditions.
• Leverage: Leverage can amplify gains but also increases risk. The recommended leverage ranges from 1:30 to 1:1000.
• Telegram Channel: Stay updated by joining our Telegram channel: https://t.me/yoforexrobot

Download the EA

You can download the TS Prop Firm EA V1 MT4 with SetFiles directly from our website:  https://yoforex.org/product/ts-prop-firm-ea-v1-mt4-with-setfiles/

 

Remember to thoroughly test the EA on a demo account before trading live.

 

📈🤖Happy Trading 📈🤖