Labouchere System EA V1.0

Labouchere System EA V1.0 MT4

Unlock the potential of the Labouchere System EA V1.0 for MetaTrader 4! This Expert Advisor (EA) is designed to leverage the Labouchere system, a well-known strategy in gambling, to optimize your trading performance.

Key Features:

• Minimum Deposit: $200
• Time Frame: H1 (1 Hour)
• Currency Pairs: EUR/USD, GBP/USD, USD/JPY

Strategy Overview:

The Labouchere System EA V1.0 operates by adjusting lot sizes based on recent wins and losses, aiming to create an upward-trending equity curve while keeping drawdowns low. Here’s how it works:

• Initial Setup: Start with a sequence of lot sizes (e.g., 0.01, 0.02, 0.01, 0.01, 0.01).
• Trade Execution: The EA opens trades by adding the first and last elements of the sequence.
  • If the trade is profitable, the first and last elements are crossed out.
  • If the trade is unprofitable, a new element equal to the sum of the bet is added to the end of the sequence.
• Cycle Completion: The cycle ends when there are no more elements or only one element left in the sequence.
• Risk Management: The EA ensures that lot sizes do not become excessively large, thereby minimizing the risk of significant losses.

Detailed Strategy Breakdown:

1. Sequence Initialization:
   • Begin with a predefined sequence of lot sizes. For example, the sequence could be 0.01, 0.02, 0.01, 0.01, 0.01.
   • This sequence is flexible and can be adjusted based on your risk tolerance and trading goals.
2. Trade Execution:
   • The EA calculates the lot size for the next trade by adding the first and last numbers in the sequence.
   • For instance, if the sequence is 0.01, 0.02, 0.01, 0.01, 0.01, the lot size for the next trade would be 0.01 + 0.01 = 0.02.
3. Profit and Loss Handling:
   • Profitable Trade: If the trade is profitable, the first and last numbers in the sequence are removed. The sequence then becomes shorter.
   • Unprofitable Trade: If the trade is unprofitable, the sum of the lot size is added to the end of the sequence. This increases the sequence length and adjusts the next trade size accordingly.
4. Cycle Completion:
   • The cycle is considered complete when all numbers in the sequence are crossed out or only one number remains.
   • At this point, a new sequence can be initiated, or the existing sequence can be adjusted based on the trader’s preference.
5. Risk Management:
   • The EA incorporates strict risk management protocols to ensure that lot sizes do not become excessively large.
   • This helps in maintaining a balanced risk-reward ratio and prevents significant drawdowns.

You can check more on – 

https://www.yoforex.org/product/labouchere-system-ea-v1-0/

https://www.fxcracked.org/product/labouchere-system-ea-v1-0/

https://www.forexfactory.cc/product/labouchere-system-ea-v1-0/

https://yoforexea.com/index.php/product/labouchere-system-ea-v1-0/

https://www.mql5.software/product/labouchere-system-ea-v1-0/

Benefits:

• Diversified Trading: Operates on multiple currency pairs to spread risk.
• Consistent Performance: Designed to maintain a steady equity curve.
• User-Friendly: Easy to set up and manage.

Download Links

• Website: Labouchere System EA V1.0 Download
• Telegram Channel: YoForexRobot Telegram
• Download the EA from our website: https://www.forexfactory.cc/

Happy trading!