Unveiling Fenghuang Rig EA V1.1 Overview:
Fenghuang Rig EA V1.1 is a sophisticated Expert Advisor for MetaTrader 4, designed to optimize trading across multiple assets with a focus on stability and profitability.
Key Features:
- Automated Trading: Executes trades based on predefined algorithms without manual intervention.
- Multi-Asset Capability: Supports EURUSD, XAUUSD, and GOLD for diversified trading opportunities.
- Risk Management: Incorporates strategies to minimize risk exposure and preserve capital.
- Scalping and Swing Trading: Adaptable to both short-term scalping and medium-term swing trading strategies.
Recommended Settings:
- Working Symbols: EURUSD, XAUUSD, GOLD
- Working Timeframe: M30
- Minimum Deposit: $100
- Minimum Leverage: 1:20
- Broker Recommendation: While an ECN broker is preferred, it is not mandatory for optimal performance.
Strategy:
- Technical Analysis: Uses advanced technical indicators and price action patterns to identify trading opportunities.
- Market Volatility: Adjusts trading parameters to market volatility for enhanced performance.
- Profit Targets: Implements dynamic take-profit and stop-loss levels based on market conditions to maximize profitability.
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