Neon Trade EA v5.2 MT5 + Sets

Description

Neon Trade EA v5.2 MT5 + Sets for MetaTrader 5 (MT5) is an Expert Advisor (EA) designed for automated trading across a variety of markets. Like other EAs, it aims to help traders capitalize on market movements without requiring manual intervention. The Neon Trade EA v5.2 likely integrates multiple technical indicators and strategies to execute trades based on specific market conditions.

Key Features of Neon Trade EA v5.2:

1. Multiple Indicators-Based Strategy:

• The Neon Trade EA v5.2 likely uses a combination of popular technical indicators to generate trade signals. These could include:
  • Moving Averages (MA): For trend-following strategies.
  • Relative Strength Index (RSI): To measure overbought or oversold conditions.
  • MACD (Moving Average Convergence Divergence): For trend strength and reversals.
  • Bollinger Bands: To assess volatility and potential breakouts.
  • Stochastic Oscillator: To help identify entry points during overbought or oversold conditions.

2. Trend-Following and Counter-Trend Strategies:

• The EA might be designed to trade both trend-following strategies (entering trades when the market is moving strongly in one direction) and counter-trend strategies (entering trades when the market is reversing or consolidating).
• It could switch between these strategies depending on market conditions, allowing it to adapt to trending or ranging markets.

3. Customizable Risk Management:

• Stop Loss and Take Profit: These are essential for controlling risk and ensuring that trades are closed at predetermined levels to lock in profits or cut losses.
• Trailing Stop: As the market moves in favor of the trade, a trailing stop can lock in profits by adjusting the stop loss as the price moves in the trader’s favor.
• Max Drawdown: This allows you to set a drawdown limit to protect the account from significant losses.

4. Scalping and Day Trading:

• The Neon Trade EA v5.2 could be suitable for scalping (making small profits on rapid trades) or day trading (entering and exiting trades within the same day).
• This flexibility makes the EA adaptable for different market conditions and trader preferences.

5. Market Conditions Adaptability:

• This EA may use filters to optimize trades based on specific market conditions, such as high volatility or stable trends.
• The ability to filter trades based on market conditions helps reduce unnecessary trades and optimize performance in the current market environment.

6. Backtesting and Optimization:

• As with all EAs, it is essential to backtest the Neon Trade EA using historical data to see how it would have performed in the past.
• Optimization allows the EA to automatically adjust its settings to optimize performance for a particular market or timeframe.

7. High Customizability:

• The EA offers many customizable settings, such as adjusting:
  • Lot size based on the trader’s risk profile or account size.
  • Trade entry conditions, including the choice of indicators or their periods.
  • Timeframe settings, allowing the trader to define which market conditions they want the EA to operate under.

Neon Trade EA Settings

• Platform: MetaTrader 5
• Currency Pairs: Multiple (optimal balancing using volatility)
• Timeframe: Any (effective trading when a new bar appears)
• Minimum Account Balance: $1,000

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

Experts:

• Neon Trade EA v5.2 MT5.ex5

Presets

• signal1 + lin + ps mt5.set

 

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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