The Exorcist Bot MQ4 EA V2.2 is a powerful automated trading solution designed for the MetaTrader 4 (MT4) platform. This Expert Advisor (EA) uses advanced strategies to execute trades with precision. Below is a detailed breakdown of the strategy, including the minimum deposit, time frame, and currency pairs to run, along with insights into how the EA executes trades.

Key Features and Strategy

1. Minimum Deposit

• Recommended Minimum Deposit: $100
  • While the bot can function with smaller deposits, a minimum of $100 is recommended to allow proper execution and manage risk effectively.

2. Time Frame for Trading

• Optimal Time Frame: 15-minute (M15) or 1-hour (H1)
  • The Exorcist Bot MQ4 EA V2.2 works best on shorter time frames like M15 or H1, where market movements are more predictable.
  • Higher Time Frame (e.g., H4, D1): The EA can also operate on higher time frames for long-term trading, but performance may vary based on market conditions.

3. Currency Pairs to Trade

• Best Currency Pairs:
  • EUR/USD
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • USD/CHF
  • EUR/GBP

  These pairs have high liquidity and tight spreads, making them ideal for the Exorcist Bot MQ4 EA V2.2’s strategy.

4. Strategy Execution: How the EA Takes Trades

• Trend Following Strategy:
  The Exorcist Bot MQ4 EA V2.2 identifies the prevailing market trend and opens trades based on signals generated by a combination of:
  • Moving Averages (MA)
  • RSI (Relative Strength Index)
  • Stochastic Oscillator
• Entry Signals:
  • The EA enters buy orders when the trend is bullish, confirmed by the RSI moving above 50, combined with the Stochastic Oscillator indicating an oversold condition.
  • It enters sell orders when the trend is bearish, with the RSI falling below 50 and the Stochastic Oscillator indicating overbought conditions.
• Exit Strategy:
  • The EA uses a fixed take-profit and stop-loss for each trade, based on predefined risk management settings.
  • Trades are closed when the price reaches either the take-profit level or the stop-loss limit, ensuring controlled risk.

5. Risk Management

• Default Risk Settings:
  • The EA employs dynamic lot sizing based on the account balance, ensuring that trades are proportionate to the risk level.
  • A stop-loss is applied to each trade, with adjustable parameters to ensure risk is kept within acceptable limits.

Summary Table

Conclusion

The Exorcist Bot MQ4 EA V2.2 MT4 uses a well-structured trading strategy focused on trend-following principles, backed by technical indicators such as RSI and Stochastic Oscillator. For optimal performance, a minimum deposit of $100 is recommended, and trading should be done on time frames like M15 or H1 for more accurate signals. The EA works best with highly liquid pairs like EUR/USD and GBP/USD, offering traders a reliable and automated way to execute trades with sound risk management principles.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀

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🔔😎Happy Trading😎🔔