Riders EA V35.8: A Winning Forex Strategy
Introduction
The Riders EA V35.8 is an automated trading system designed to capitalize on market trends. Whether you’re a seasoned trader or a beginner, this EA can enhance your trading experience. Let’s dive into the details.
Key Features
- Minimum Deposit: To get started with the Riders EA V35.8, you’ll need a minimum deposit of $300. This ensures that you have sufficient capital to withstand market fluctuations.
Trading Timeframe
- The EA performs exceptionally well on the H1 (1-hour) timeframe. It leverages short-term trends and executes trades efficiently.
Supported Currency Pairs
- The Riders EA V35.8 is optimized for the following currency pairs:
- EUR/USD: The most traded pair with low spreads.
- GBP/USD: Known for its volatility and liquidity.
- USD/JPY: A popular choice for trend-following strategies.
Strategy Highlights
The success of the Riders EA V35.8 lies in its robust strategy. Here’s how it takes trades:
- Moving Averages (MAs): The EA combines exponential moving averages (EMAs) to identify trend direction. When the shorter EMA crosses above the longer EMA, it triggers a buy signal. Conversely, a cross below signals a sell.
- Bollinger Bands (BBands): The BBands help identify overbought or oversold conditions. When price touches the upper band, the EA considers selling opportunities. Conversely, touching the lower band triggers buy signals.
- Stochastic Oscillator: The stochastic oscillator confirms momentum. Buy signals occur when the stochastic crosses above the oversold level (usually 20), and sell signals when it crosses below the overbought level (usually 80).
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Download the EA
Visit our website here to download the Riders EA V35.8. Install it on your MetaTrader platform and start trading smarter.
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