Description
This EA utilizes a trading method known as martingale, which is a high-risk, high-return strategy. This approach involves increasing the trade size after each loss, with the aim of recovering previous losses and generating profits. It is important to note that while martingale can be highly profitable, it also carries a higher level of risk.
By incorporating the RSI indicator, our EA identifies potential overbought and oversold conditions in the market. The RSI is a popular technical analysis tool that measures the strength and speed of price movements. It helps to identify potential reversals or continuations in the price trend, allowing our EA to make informed trading decisions.
With our EA running on MT5, you can benefit from the convenience of automated trading. The system will execute trades on your behalf based on the predefined parameters and trading rules. This eliminates the need for manual monitoring and allows you to take advantage of trading opportunities even when you are not actively watching the market.
Please note that while our EA is designed to enhance trading efficiency and potentially generate profits, it is crucial to carefully consider the risks involved.
Experience the power of our EA running on MT5 using the RSI indicator for GBPUSD on a 1-minute time frame. Take advantage of automated trading and the potential for high returns, but always remember to trade responsibly.
Attach an EA to the M1 chart of GBPUSD on MT5.
▼parameter settings
| Lot_Size |
Minimum 0.01 lot ~ Please set according to your account balance. |
| Magic number |
Normally, there is no problem with the default setting. This is the number that identifies this EA order within the account. If you use multiple EAs in one account, please set the magic number so that it is not the same as another EA’s magic number. |
This EA holds multiple positions while increasing the lot size, so it cannot withstand drawdowns if the account balance is too small or the lot size is too large.
Also, the higher the account leverage, the better, and 1:200 or higher is recommended.
The recommendation is to start with 1000 USD and 0.01 lot. Be cautious about increasing lot size. Foreign exchange markets change rapidly and involve risks.
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