AI Price Action Robot EA V2.3

AI Price Action Robot EA V2.3

Introduction

The AI Price Action Robot EA V2.3 is an upgraded version of the original robot, potentially offering improved accuracy, risk management, and trading efficiency. It focuses on short-term price movements and aims to profit from rapid market fluctuations.

Strategy

• Scalping Strategy: The EA employs a scalping approach, capitalizing on quick price changes.
• Timeframe: It operates across timeframes from M5 to H1.
• Currency Pair: The recommended currency pair is XAUUSD (Gold).
• Minimum Deposit: The minimum deposit required is $100, but we recommend starting with $500 for better risk management.
• Lot Sizes: The lot sizes are automatically adjusted based on the account balance (autolot by percentage of balance).
• Stop Loss (SL) and Take Profit (TP): The EA uses SL and TP levels to manage trades.

How the EA Takes Trades

1. Price Action Analysis: The robot analyzes price action patterns, candlestick formations, and market structure to identify potential entry points.
2. Drawdown Recovery: The EA incorporates an advanced drawdown recovery algorithm to minimize losses during adverse market conditions.

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