Name: NovaEnigma EA_ex4: Utilizing RVI, DeMarker (DeM), and Envelopes Indicators for Trading Signals.
Brand: Mqlrobot
SKU: 12678
Availability: InStock

Description

NovaEnigma EA_ex4: Utilizing RVI, DeMarker (DeM), and Envelopes Indicators for Trading Signals.

💡 What is NovaEnigma EA?

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NovaEnigma EA is an Expert Advisor (EA) developed using the FxDreema tool and programmed in MQL4, specifically designed for automated trading using advanced technical analysis strategies. This EA aims to enhance trading efficiency in the Forex market while minimizing risk through precise trading signals.

🔍 EA Structure

Trading System:

NovaEnigma EA utilizes indicators such as RVI, DeMarker (DeM), and Envelopes to generate reliable trading signals.
When buy conditions are met, the EA executes a Buy Now order using the Once per bar method to avoid repeated orders.
The selling strategy operates similarly, with a Sell Now order being triggered when sell signals are identified.

Buy/Sell Strategy:

Uses Formula for condition calculations and Modify Variables to adjust settings according to market conditions.
In the Basic Martingale zone, the system opens recovery trades based on the Martingale strategy, leveraging ATR and the once per trade/order conditions.

Order Management System:

Implements Check trades count and Check profit (unrealized) to monitor order quantities and real-time profit and loss.
Utilizes Custom MQL Code to enhance order closing accuracy and efficiency.
The Close trades function automatically closes orders upon reaching set profit or loss conditions.

🌟 Key Features of NovaEnigma EA

Advanced Indicators: Incorporates RVI, DeMarker, and Envelopes for precise market reversal signals.
Smart Martingale System: Provides safe trade recovery by calculating the distance from the open price using ATR.
Automated Risk Management: Uses Check profit and Close trades for effective order management.
Easy Customization: Allows users to modify settings with Modify Variables, ensuring adaptability to various market conditions.

💼 Technical Information

Recommended Initial Capital: $100 USD (Cent) or $1,000 USD (Standard)
Lot Sizing: Autolot system adjusts lot sizes based on account equity
Order Closing System: Executes take profit (Take Profit) and stop loss (Stop Loss) strategies
Trading Symbols: EURUSD, GBPUSD, USDJPY
Timeframes: 1 Hour

⚠️ Warnings and Precautions