EA FIGO V1.0 MT4 – Smart Trading Strategy & Key Details

Overview

EA FIGO V1.0 is an advanced trading expert advisor (EA) designed for the MetaTrader 4 (MT4) platform. It leverages a combination of technical indicators and price action strategies to execute precise trades in the forex market.

Key Trading Parameters

 

Trading Strategy – How EA FIGO V1.0 Takes Trades

EA FIGO V1.0 follows a well-optimized trading approach that balances risk and reward. Below is a breakdown of how the EA makes trading decisions:

Entry Strategy

• Uses a combination of Moving Averages (MA) and RSI (Relative Strength Index) to identify trends.
• Confirms trade entries when price crosses above/below a specific MA level.
• RSI Filter: Avoids overbought/oversold conditions to prevent false entries.
• Integrates Support & Resistance levels to enhance precision.

Trade Execution

• Uses pending orders to enter trades at the most favorable levels.
• Implements dynamic lot sizing based on account balance.
• Adapts trade entries based on volatility levels to avoid market noise.

Exit & Risk Management

• Take Profit (TP): Adjusted based on ATR (Average True Range) values.
• Stop Loss (SL): Uses a fixed SL with trailing stop functionality for optimized risk control.
• Break-even Feature: Moves SL to break-even after a certain number of pips in profit.
• Time-Based Exit: Avoids holding trades during high-impact news events.

Why Choose EA FIGO V1.0?

Trend-Following Strategy – Avoids counter-trend risks.
Smart Money Management – Protects capital with adjustable risk settings.
High Precision Entries – Avoids unnecessary trades using multiple confirmations.
Compatible with Multiple Currency Pairs – Works best with EUR/USD, GBP/USD, USD/JPY, and Gold.

Final Thoughts:

EA FIGO V1.0 MT4 is an excellent choice for traders looking for an automated system that follows smart trend-based strategies with effective risk management. If you want to trade efficiently while maintaining account safety, this EA could be the perfect tool for you.