Description
NovaEnigma EA_MQL4: utilizes multiple technical indicators to generate trading signals, including RVI, DeMarker, and Envelopes.
💡 What is NovaEnigma EA (MQL4)?
NovaEnigma EA (MQL4) is an Expert Advisor designed for the MetaTrader 4 (MT4) platform, developed using MQL4 programming language and the FxDreema tool. This EA offers customizable code, making it ideal for developers and traders who wish to modify trading strategies according to their specific needs. The EA employs advanced technical analysis to generate automated trading signals in the Forex market.
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Trading System:
NovaEnigma EA utilizes multiple technical indicators to generate trading signals, including RVI, DeMarker, and Envelopes. The system employs Condition and Formula blocks to establish criteria for opening Buy and Sell orders. It also uses Modify Variables for automatic adjustment of parameters based on market conditions.
Buy/Sell Strategy:
The EA automatically triggers Buy Now or Sell Now orders when all predefined conditions are met. It leverages Custom MQL Code to enhance risk management strategies, including Auto Lot Sizing.
Risk Management:
The EA integrates Trailing Stop and Stop Loss features to protect capital. It uses a Delay function to prevent duplicate orders within a short time frame, reducing exposure to volatile market conditions.
🌟 Key Features of NovaEnigma EA (MQL4)
- Customizable Code: Allows full MQL4 code modification to fit any trading strategy.
- Versatile Market Adaptation: Uses technical analysis to generate trading signals under all market conditions.
- Advanced Risk Management: Implements automated trade management strategies to minimize trading risks.
- Suitable for All Traders: From beginners to professional traders, the EA provides a flexible and user-friendly interface.
💼 Technical Details
- Recommended Starting Capital: 100 USD (Cent) or 1,000 USD (Standard)
- Lot Size Type: Autolot based on account equity
- Order Closing System: Utilizes Take Profit and Stop Loss mechanisms
- Trading Pairs: EURUSD, GBPUSD, USDJPY
- Timeframe: 1 Hour
⚠️ Warnings and Precautions
- Always Backtest with 99.9% Tick Data before live trading.
- Start with a Demo Account to familiarize yourself with the EA’s behavior.
- Be mindful of trading risks and manage your capital appropriately.
🔑 Stay Updated and Get Support
- YouTube: MQLRobot Channel
- Facebook: MQLRobot Community
- TikTok: MQLRobot Official
- Contact Support: MQLRobot Support
- Line Support: Chat with Us
NovaEnigma EA, MQL4, Forex Trading, MetaTrader 4, Expert Advisor, Automated Trading, RVI, DeMarker, Envelopes, Risk Management, Trading Strategy
