Virtual Trendline Scalper EA V3.4 MT4

Description

Virtual Trendline Scalper EA V3.4 MT4

• Strategy Overview:

  • The Virtual Trendline Scalper EA uses a combination of virtual trades within trendlines before executing real trades in optimal positions.
  • It aims to capitalize on short-term price movements by identifying trendline breakouts and reversals.
  • The EA is particularly active, making frequent trades.
•       4 days to pass MyForexFunds phase 1 evaluation

• Minimum Deposit:

  • To use this EA effectively, a minimum deposit of $500 USD is recommended.

• Timeframes:

  • The EA can be applied across various timeframes:
    • 1-minute (risky): For aggressive traders willing to take quick trades.
    • 5-minute, 15-minute, and 30-minute: Suitable for different trading styles and risk preferences.

• Supported Currency Pairs:

  • Based on live performance, consider trading the following currency pairs:
    • EURUSD
    • AUDUSD
    • CHFJPY
    • EURGBP
    • GBPCHF
    • GBPJPY
    • NZDJPY
    • NZDUSD
    • NZDCHF
    • USDCAD
    • USDCHF

• Trade Execution:

  • The EA identifies potential trade setups using virtual trendlines.
  • It waits for favorable conditions before opening real positions.
  • Different magic numbers are assigned to trades on separate charts.

• Risk Management:

  • Starting lot: Determines the initial position size.
  • Multiplier Martingale: Controls position sizing for subsequent trades.
  • Min Distance in pips: Sets the minimum distance between trades.
  • Stop Loss in Pips: Defines the stop loss level.
  • Max Lot Martingale: Limits the maximum position size.
  • Max Sells and Max Buys: Restricts the number of simultaneous trades.
  • Min TP in money: Specifies the minimum take profit in monetary terms.
  • After X positions enable overlap: Closes losing positions with winning ones after a specified number of trades.
  • Close all if loss is greater than minus x money: Safeguards against excessive losses.

• Additional Features:

  • Min TP for 1 position in pips: Sets the minimum take profit for individual trades.
  • Double Overlap: Allows closing two winning positions with one losing position.

• Telegram Group:

  • Join our Telegram group for updates and discussions: https://t.me/yoforexrobot Telegram.

• Download:

  • You can download the EA from our website:  https://yoforex.org/product/virtual-trendline-scalper-ea-v3-4-mt4/

Remember that trading involves risks, and it’s essential to thoroughly test any EA on a demo account before using it in live trading.

📈🤖Happy Trading 📈🤖