Rubi L4 EA V1.7 MT4

The Rubi L4 EA V1.7 for MetaTrader 4 (MT4) is a professional Forex Expert Advisor that utilizes Elliott Wave Theory to analyze market conditions and make informed trading decisions. Below is a detailed overview of its key features:

Key Features

• Minimum Deposit: Not explicitly specified; however, it’s advisable to start with a minimum of $500 to ensure adequate margin and risk management.
• Recommended Time Frame: 15-minute (M15) to 1-hour (H1).
• Supported Currency Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP, EURJPY, NZDUSD, USDCAD, EURCHF, AUDJPY, CADJPY.

Trading Strategy: How Rubi L4 EA V1.7 Executes Trades

• Elliott Wave Analysis: The EA identifies and interprets wave structures to predict future price movements, adhering to the principles of Elliott Wave Theory.
• Automated Trading: Operates fully automatically, executing trades based on the identified wave patterns without the need for manual intervention.
• Flexible Risk Management: Allows users to set both real and virtual take profit and stop loss levels, enabling customization according to individual risk tolerance and trading strategies.
• Advanced Trade Control Algorithm: Utilizes a sophisticated algorithm to manage trades effectively, aiming to optimize entry and exit points in alignment with the Elliott Wave patterns.

By integrating these features, Rubi L4 EA V1.7 aims to provide traders with a robust tool for navigating the Forex market, leveraging the predictive power of Elliott Wave Theory to make strategic trading decisions.