SP Adam EA V1.0: A Forex Trading Bot
Introduction
The SP Adam EA V1.0 is sophisiticated trading bot designed to help traders profit even when price moves against them. Developed by Alistair, this EA combines money management, hedging, and intelligent trade management. Let’s dive into the details:
Key Features:
Minimum Deposit:
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- Start with a minimum deposit of $100.
- Recommended deposit: $500 for optimal performance.
Timeframe:
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- Suitable for timeframes ranging from M5 (5-minute) to H1 (1-hour).
Currency Pairs:
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- Trade the following currency pairs:
- XAUUSD (Gold/USD)
- GBPUSD (British Pound/USD)
- EURUSD (Euro/USD)
- Trade the following currency pairs:
Strategy: Scalping and Loss Recovery
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- The SP Adam EA V1.0 employs a combination of scalping and loss recovery strategies.
- Here’s how it works:
- Set a fixed take profit level. If hit, the EA closes the trade at a profit.
- When the market moves against you by a specified number of pips (user-defined), the EA opens a hedge trade in the opposite direction with a slightly higher lot size.
- This process continues until price breaks out in either direction, allowing you to recover losses and potentially profit.
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