This EA Only uses Lot 0.01 and cannot modify the Lot Size.
Mata Elang EA is a trading robot for trading on forex and trades Scalping Strategy. This is a Trend Following a system that trades in all sessions.
It uses Multi Complex Algorithm to determine tern behavior. It uses multiple indicators to maintain a false signal
It is best on M15 Time Frame.
This system uses very sophisticated logic to determine trends. Also, it has recovery mode when the price goes against us. Just back-test it or try it and you will amaze with it.
EA optimized on GBPUSD but can be used on other pair
For questions and help please telegram me @tomosie
See EA Performance on Backtesting with low balance
Use PAIR can use two pairs at the same time (Magic Number Must Be different)
1. GBPUSD Timeframe M15
You can experiment with other pair
Not suitable on FIFO Rules
Recommend ate Setup on $500 balance on Pair GBPUSD (For clearly see setup attached)
Input Parameter:
Magic Number = Magic Number
Lots = 0.01 (See Profit in Money setup)
Start Marti = True
Multiply = 1.0
Mode Cut Marti = True
Start Cut Marti_1 = 2
Profit in Money_1 = 7 (set this according to your Lots)
====>>>If using 0.02 then input 14, if using lot 0.03 then input 21
Start Cut Marti_2 = 5
Profit in Money = 3 (set this according to your Lots)
====>>>If using 0.02 then input 1, if using lot 0.03 then input 9
ATR Period = 3
ATR Times = 5
Mode Cut loss = False
Cut Loss at $ = Nominal When Activate Mode Cut loss (True)
Mode Cut Profit = false
Cut Profit at $ = Nominal When Activate Mode Cut Profit (True)
Max trade = 10 (Number of open positions when Marti occurs)
Aggressiveness = 1
Friday Stop = true (Friday will not open trade)
Use Time = false
Hour Start = Start Hour on time server
Hour End = End Hour on time server
Slippage = 3 (Slippage)
Important
Use the set file here
For Martingale Setup : http://bit.ly/MartiMataElangSetup
For Averaging Setup : http://bit.ly/AveragingMataElangSetup
See EA Performance on Back testing with low balance = https://youtu.be/8Wok_CTzcsQ
Let’s say default is 500 with lot 0.01 the if you are using 1000 balance you should change lot to 0.02
Setup Profit in Money Parameters According to the Lot Size you are using.
Ex. Pair GBPUSD
Lot 0.01 = Profit in Money_1= 7, Lot 0.02 = Profit in Money_1= 14
= Profit in Money_2= 3, Lot 0.02 = Profit in Money_1= 6
Ex. Pair EURUSD
Lot 0.01 = Profit in Money_1= 7, Lot 0.02 = Profit in Money_1= 14
= Profit in Money_2= 3, Lot 0.02 = Profit in Money_1= 6
NOTE:
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- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase, please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
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