🔍 From subscriber‼️
🤖 EA name: 1ENTRY EA
📦 Version: 1.5
💻 Platform: MT4
🛠Vendor: https://www.expertadvisor123.com/
📈 Strategy: Swing Trading
⏰ Timeframe: M15/H1
🌍 Currency pairs: AUDCHF, AUDCAD, AUDNZD, AUDUSD, EURGBP, EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF, EURJPY, GBPAUD, GBPJPY
🌓 Trading time: Around the clock
📊 Monitorings: –
⏳ Test period: 2012.01.01 – 2023.05.05
🏛 Tick Data Provider: Dukascopy (TDSv2)
Real spread: ✅
Slippage: ❌
In order to download an adviser with tests, go to our telegram channel 👇
Description of the work of a forex advisor
The 1entry EA is an Forex Robot Trading that utilizes the power of six trading indicators including Trend, CCI, Williams %R, Stochastic oscillator, RSI, and MACD to make trading decisions (identify and execute trades). By conducting a comprehensive analysis of market trends, volatility, and momentum, this EA aims to pinpoint optimal entry and exit points for trades.
The 1entry EA is an Forex Robot Trading designed for MetaTrader 4, leveraging the power of six key trading indicators to identify favorable trading signals. These indicators, including Trend, CCI, Williams %R, Stochastic oscillator, RSI, and MACD, work together to conduct a comprehensive analysis of market trends, volatility, momentum, and other essential metrics. By considering multiple aspects of market analysis, the EA aims to pinpoint optimal entry and exit points for trades.
The 1entry EA Forex Robot Trading is versatile and can be applied to all currency pairs, offering flexibility in trading opportunities. It is specifically optimized for two timeframes: M15 (15 minute) and H1 (1 hour), allowing traders to adapt to different trading styles and preferences. To utilize the EA, a recommended minimum account balance of $100 USD is recommended by the developer, ensuring sufficient capital for trade execution. In terms of its trading approach, the 1entry EA follows a disciplined strategy by allowing only one trade at a time. This prevents the complexity and potential risks associated with multiple simultaneous trades. The EA strictly avoids grid trading techniques, where additional trades are opened based on predetermined price levels, and martingale strategies, which involve increasing trade sizes after losses.
The 1entry EA Forex Robot Trading incorporates an essential risk management feature known as Auto-SL (Stop Loss). This mechanism acts as a safeguard against potential losses in two situations. Firstly, when a false signal is detected, the EA will close the trade promptly, limiting the impact of erroneous trades. Secondly, if the drawdown gradually increases, the EA takes proactive measures to protect the trading account by closing the trade before losses become substantial. By implementing these risk management measures, the 1entry EA aims to preserve capital and mitigate significant drawdowns.
However, despite its strengths, the 1entry EA is not without weaknesses. The use of multiple indicators simultaneously introduces complexity and potential conflicts. Different indicators may provide varying signals or interpretations of market conditions, leading to confusion or conflicting trade decisions. Additionally, some indicators may exhibit lagging behavior, causing delayed responses to rapidly changing market conditions. This lag can potentially result in missed trading opportunities or late exits, impacting overall performance. Furthermore, Sudden market fluctuations, high volatility, or unexpected news events can impact the EA’s performance. To mitigate these risks, traders are advised to employ sound risk management techniques and thoroughly test the 1entry EA on a demo account before considering live account usage.
Conclusions on the trading advisor
The 1entry EA is a versatile expert advisor designed for MetaTrader 4, incorporating six key indicators to identify optimal entry and exit points for trades. Its strengths lie in its comprehensive analysis of market trends, volatility, and momentum, enabling traders to make well-informed decisions. To ensure its effectiveness, it is recommended to thoroughly test the EA on a demo account and apply sound risk management settings. However, the use of multiple indicators may introduce complexity and potential conflicts, and its performance can be affected by sudden market fluctuations. The 1entry EA Forex Robot Trading is suitable for traders seeking a robust tool to enhance their trading strategies.
In order to download an adviser with tests, go to our telegram channel 👇