ROYAL ENTRY Indicator MT4
The Royal Entry Indicator for MetaTrader 4 (MT4) is designed to optimize your trading experience through sophisticated algorithms. Below is a detailed overview of its key features:
Key Features of Royal Entry :
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Minimum Deposit: While the EA does not specify a minimum deposit, it is advisable to start with at least $200. This recommendation aligns with general trading practices to ensure sufficient margin and effective risk management.
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Time Frame: The EA is optimized for the M15 (15-minute) time frame, allowing for efficient analysis and timely trade executions.
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Currency Pair: Designed exclusively for the EUR/USD currency pair, the EA leverages specific market behaviors of this pair to enhance trading accuracy.
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Trading Strategy:
- Focuses on high-quality entries rather than high-frequency trading.
- Does not employ martingale, grid, or other high-risk trading methods.
- Allows users to control risk by setting the percentage risk per trade and the maximum number of open positions.
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Risk Management:
- Each trade is protected with a stop loss.
- Users can define risk levels and limit the number of simultaneous trades to manage exposure effectively.
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Broker Recommendations: To ensure optimal performance, it is recommended to use a broker with low spreads, ideally not exceeding 1.5 pips (15 points) on the EUR/USD pair.
Summary Table:
| Feature | Description |
|---|---|
| Minimum Deposit | Recommended: $100-$500 (subject to broker’s requirements) |
| Time Frame | M15 (15-minute), H1 (1-hour chart) |
| Currency Pair | Major pairs like EUR/USD, GBP/USD, USD/JPY, and AUD/USD |
| Trading Strategy | High-quality entries; no martingale or grid strategies; customizable risk per trade and maximum open positions |
| Risk Management | Stop loss for every trade; user-defined risk levels and trade limits |
| Broker Requirements | Low spread broker (maximum 1.5 pips on EUR/USD) |
By adhering to these guidelines and utilizing the Royal Entry EA as specified, traders can enhance their trading strategies while maintaining effective risk management.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
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Additional Resources:
Instant Download: https://www.forexfactory.cc/product/royal-entry-indicator/
You can also download from other websites:
https://www.fxcracked.org/product/royal-entry-indc/
https://yoforexea.com/product/royal-entry-indicator/
https://www.mql5.software/product/royal-entry-indicator/
Happy Trading
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