Description
The Benefit EA v5.1 MT4 with Setfiles is an expert advisor meticulously designed for the MetaTrader 4 (MT4) platform. Leveraging the Flexible Grid feature, it acts as a trading advisor generated through mathematical modeling of market dynamics. Each trade is meticulously concluded with either a take profit (TP) or stop loss (SL). Traders can potentially scale up their lot sizes based on their individual trading proficiency.
Introduction
The Benefit EA V5.1 is a flexible grid expert advisor designed for the MetaTrader 4 platform. Developed by YoForex, this EA aims to provide traders with a statistical advantage by identifying special entry points based on mathematical modeling of market patterns. Let’s delve into the details:
Key Features
- Volatility-Driven Strategy:
- The Benefit EA leverages a volatility breakout strategy.
- It identifies major market movements and enters trades in the direction of the trend.
- All trades are closed either by take profit (TP) or trailing stop (TS).
- Risk Management:
- The EA does not use stop loss (SL).
- It compensates for drawdowns, allowing traders to exit positions with minimal losses.
- Lot increments can be planned based on individual risk tolerance.
Trading Specifications
- Recommended Currency Pairs: GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF, AUDUSD
- Timeframe: M1, M5, M15, H1
- Minimum Deposit: Ideally, start with $5,000 to $10,000 (depending on the instrument).
- Leverage: 1:20 to 1:1000
How It Works
- Volatility Breakout:
- The EA monitors price movements and identifies periods of increased volatility.
- When a significant breakout occurs, it enters trades in the direction of the trend.
- Risk Management:
- The recommended minimum balance ensures effective risk management.
- Excessive drawdowns are avoided by promptly exiting trades when necessary.
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 : Benefit EA v5.1_fix.ex4 + SetsFiles
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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.
All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.
EA updates are thus not automatic and not guaranteed.
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