Description of the E.A.
The expert advisor is best and recommended to be loaded from 2:15 to 2:45 am, 9:15 to 9:45 am, and 2:15 to 2:45 pm Dubai time. The use of current Daily ATR (14) average true range of the price upon loading is required.
The expert advisor employs sophisticated proprietary algorithms and measurements to meticulously generate pending orders. Users have the flexibility to input variables, allowing for a personalized trading strategy. The advisor diligently executes these orders in a persistent manner, tirelessly pursuing the attainment of the optimal profit percentage. With its adaptive approach, it's like having a seasoned trader at your disposal,
The expert advisor integrates a risk management strategy, incorporating both a stop loss for individual orders and an overall equity protection for all orders.
The expert advisor is anticipated to achieve its optimal profit target within a span of 1-2 days.
If the EA fails to attain the optimal profit within a week, all open orders, regardless of whether they are winning or losing, should be closed. Otherwise, the EA will persist in operation for the subsequent week. Users also have the option to close all trades if the optimal profit is not achieved within a day and simply reload a fresh setting of the EA for another day.
The expert advisor is currently on continuous backtesting. From present going back to August of 2022 there were no burned account scenario during the period of backtesting.
Please be aware that the client decides what percentage limit is the exposure of the equity. For this reason, it is strongly recommended to invest only an amount of money you can afford to lose. However, from the ongoing backtesting, the maximum drawdown of the expert advisor is 45% and a weekly 12% average drawdown for the whole backtesting period.
The EA alerts the user when a 50% drawdown is reached.
The user needs to input the 14-day average true range of the daily candle at the time of loading using our FORM to generate variable inputs requirements. User can choose between the Current ATR or the Previous Day ATR.
The user is recommended to withdraw profits on a weekly basis and transfer them to another Meta Trader account with a different broker. This process continues until the necessary capital is accumulated to open an additional forex account. Alternatively, the user may choose to compound the capital and profits over a period ranging from a minimum of 1 month to a maximum of 3 months.
The EA runs more effective using a VPS. Virtual Private Server (VPS) should be shouldered by the client.
The cost of EA as of now is FREE of trial and soon will be rented amounting up to 5% of the client’s equity.
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