Price Action EA Source Code V1.0 MQ4: Strategy Overview
The Price Action EA Source Code V1.0 MQ4 is a sophisticated trading algorithm designed to execute trades based on market price action. Understanding how it operates can greatly enhance the effectiveness of your trades. Below is a breakdown of the core aspects of the EA’s strategy, focusing on the trade execution logic, required deposit, time frame, and optimal currency pairs.
Key Highlights
- Minimum Deposit: $100-$300
- Suggested Time Frame: H1, H4
- Recommended Currency Pairs: Major pairs (e.g., EURUSD, GBPUSD, USDJPY)
Strategy Breakdown
- Trend Identification
- The EA scans historical price movements to determine the prevailing trend.
- It focuses on higher time frames (e.g., H1, H4) to minimize market noise and identify clear price patterns.
- Price Action Entry Signals
- Pin Bar Detection: Looks for candlesticks with a long wick and small body, signaling potential reversals.
- Inside Bars: Identifies consolidation areas; a breakout from these bars often signals fresh momentum.
- Breakout Levels: Uses significant support/resistance zones. Once price breaks these key levels, the EA will trigger a position in the direction of the breakout.
- Trade Execution & Management
- Stop Loss Placement: Automatically sets stops below (for buy) or above (for sell) recent swing points to reduce risk.
- Take Profit Targets: The EA calculates target levels based on measured price action swings or pivot points.
- Trailing Stop: As price moves in the favorable direction, the EA adjusts the stop loss to lock in profits.
- Risk Management Settings
- Lot Sizing: Can be set to fixed or dynamic (based on your account balance).
- Equity Protection: If the account drops below a certain threshold, the EA can pause trading to preserve capital.
- Spread Filter: Prevents trade entries when spreads are abnormally high, often during news releases.
Table of Recommendations
| Aspect | Recommended Value |
|---|---|
| Broker Account | ECN/Low Spread |
| Minimum Deposit | $100 |
| Preferred Time Frame | H1 |
| Currency Pairs | Major Pairs (EURUSD, GBPUSD, USDJPY, etc.) |
| Lot Sizing | 0.01 (minimum) or dynamic risk-based setting |
| Stop Loss | Below/Above recent swing high/low |
| Take Profit | Based on Fibonacci/Pivot/Recent price structure |
Why This EA Stands Out
- Pure Price Action: No lagging indicators—relies solely on candlestick formations and market structure.
- Adaptive: The EA adjusts to changing market conditions by analyzing volatility and recalibrating entry thresholds.
- Transparent Source Code: Price Action EA Source Code V1.0 MQ4 is fully customizable for traders who wish to optimize or integrate their own strategies.
Ready to harness the power of price action?
Download the Price Action EA Source Code V1.0 MQ4 and let automated candlestick analysis streamline your trading approach!
Disclaimer: Past performance does not guarantee future results. Always trade responsibly and consider your risk tolerance before using any trading software.
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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Additional Resources:
Instant Download: https://www.forexfactory.cc/product/price-action-ea-source-code-v1-0/
You can also download from other websites:
https://www.fxcracked.org/product/price-action-ea-source-code-v1-0/
https://www.mql5.software/product/price-action-ea-source-code-v1-0/
https://www.yoforex.org/product/price-action-ea-source-code-v1-0/
https://yoforexea.com/product/price-action-ea-source-code-v1-0/
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