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The strategy seems to be based on simple yet sound principles. It primarily operates as a scalping system, with parameters for Take Profit, Lots, Trailing Stop, and Stop Loss, among others.
Scalping Simplified: Scalping is all about capitalizing on short-term price fluctuations. This EA aims to do just that by monitoring recent price behavior. If the previous candle's closing price is higher than the one before it, it triggers a Buy order. Conversely, if the previous candle closes lower, it initiates a Sell order.
Risk Management: I noticed the EA takes risk management into account by setting a predefined percentage of equity for position sizing. This can help control losses and protect your capital, a crucial aspect of trading.
Time Sensitivity: One interesting feature is that it appears to close orders if they've been open for more than a day. This time-sensitive approach can prevent long-term exposure to market fluctuations.
User-Friendly: The EA is user-friendly, catering to traders with various experience levels. This simplicity can be an advantage for those looking for an uncomplicated trading tool.
Watchful Monitoring: It's also noteworthy that the EA keeps an eye on available margin, ensuring it doesn't overleverage your account. This automated vigilance can be a valuable asset for traders.
Opinion: In my view, this EA can be a useful addition to your trading. While it might not be a one-size-fits-all solution, its scalping strategy can be particularly effective in certain market conditions.
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Latest profit posts from the Trade Executor EA users.
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