Description
Prismatic Trader EA_EX4: uses a Dynamic Moving Average Crossover strategy with multiple Moving Averages (MA) to enhance entry and exit accuracy.
📈 What is Prismatic Trader EA?
Prismatic Trader EA is an Expert Advisor developed using the MQL4 language and built through the FxDreema tool. This EA is specifically designed for MetaTrader 4 (MT4) and uses a Dynamic Moving Average Crossover strategy with multiple Moving Averages (MA) to enhance entry and exit accuracy. It also features a Pending Order System to prepare for volatile market conditions, making it a versatile tool for Forex trading.
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Trading Strategy:
- Utilizes multiple Moving Average (MA) crossovers to detect market trends and find optimal entry and exit points.
- The EA employs Condition and No Trade settings to avoid overtrading during unclear market signals.
- Automatically adjusts trading variables using Modify Variables and Custom MQL Code, ensuring the EA adapts to different market conditions.
Pending Order System:
- Implements Buy Pending Order and Sell Pending Order strategies to set up trades in advance when price levels are met.
- Uses Custom MQL Code to filter trade signals for enhanced precision.
Automated Trade Closing System:
- Features a Trailing Pending Orders system to dynamically adjust pending order levels based on market movement.
- Reduces risk by automatically closing orders when the market direction changes.
🌟 Key Features of Prismatic Trader EA
- Multi-MA Crossover Strategy: Enhances trading accuracy with multiple MA timeframes.
- Automated Pending Order System: Prevents missed trading opportunities during high market volatility.
- Dynamic Variable Adjustment: Uses Modify Variables to adapt trading strategies automatically.
- Suitable for All Traders: Whether you’re a beginner or a professional, this EA offers flexible and customizable options.
💼 Technical Specifications
- Minimum Recommended Capital: $100 USD (Cent Account) or $1,000 USD (Standard Account)
- Lot Sizing: Autolot system that adjusts lot size based on account balance
- Order Closing System: Dynamic Stoploss and Trailing Stop
- Trading Pairs: EURUSD, GBPUSD, USDJPY
- Timeframes: 1 Hour
⚠️ Risk Management and Warnings
- Perform Backtesting with 99.9% Tick Data before live trading.
- Start with a Demo Account to familiarize yourself with the EA’s performance.
- The Forex market involves high risk; ensure proper risk management.
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Prismatic Trader EA, MQL4, Expert Advisor, Moving Average Crossover, Forex Trading, Dynamic Pending Order, MetaTrader 4, Automated Trading, FxDreema, Risk Management