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:
- 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.
- 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.
- 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.
- 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.
- 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/
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