Description
EA Superstar v9.99 MT4 is an Expert Advisor (EA) designed for MetaTrader 4 (MT4) platforms. This EA utilizes a Martingale strategy, which involves progressively increasing trade sizes after losses to recover from drawdowns. It is optimized for trading on the M5-15 timeframe and is compatible with various brokers, including those supporting MT4.
EA Superstar v9.99 MT4
Key Features
- Trading Strategy: Utilizes a martingale approach, where trade sizes increase after losses to recover previous losses and achieve profit. It opens buy and sell orders with layered positions, adding new trades at specified pip distances if the market moves against the initial position.
- Parameters:
- Magic Number: Unique identifier for trades (default: 1).
- Initial Lot Size: Starting lot size (e.g., 0.01).
- Multiplier: Factor by which lot sizes increase for subsequent layers (e.g., 2.0).
- Take Profit: Set in pips (e.g., 20 pips).
- Distance Pips: Pip distance between layered positions (e.g., 15 pips).
- Max Layer: Maximum number of open positions per side (e.g., 100).
- Display Options: On-chart info with customizable text color and font size.
- Risk Management: Includes take-profit settings for each position but lacks mention of a stop-loss, typical for martingale EAs, increasing risk in trending markets.
- Currency Pairs and Timeframe: Not explicitly specified in the source, but martingale EAs often work on volatile pairs like EURUSD or GBPUSD on lower timeframes (e.g., M15).
Considerations:
- Risk Management:Â The Martingale approach can lead to significant drawdowns, especially during prolonged losing streaks.
- Broker Compatibility:Â Ensure your broker allows hedging and supports the required MT4 build.
- Testing: It’s advisable to test the EA on a demo account before deploying it on a live account.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
Important information!
For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)
Install a trading advisor on a VPS
Real Account Profit Recorded every Friday (end of the trading week)
What’s in the package?
Experts:
- EA Superstar v9.99 MT4.ex4
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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.
No Refund
Instant download items don’t accept returns, exchanges or cancellations. Please read Refund Policy carefully or contact the seller about any problems with your order.
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