Elise EA Pattern v1.65 MT4

Description

Elise EA Pattern v1.65 MT4 is an automated trading Expert Advisor (EA) designed for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. It is optimized for trading currency pairs, gold (XAU), and sometimes Bitcoin (BTC), often using strategies like grid trading or scalping.

Elise EA Pattern v1.65 MT4

Key Features of Elise EA V6.1 MQ4

1. Precision Pattern-Based Trading

Elise EA V6.1 is designed for high-frequency, low-pip target entries, particularly suited for scalping and intraday trading. Unlike its grid-based MT5 counterpart, the MT4 version focuses on precision pattern recognition, identifying high-probability setups in high-liquidity pairs like EURUSD, GBPUSD, and XAUUSD (Gold). This approach minimizes exposure to market noise and enhances trade accuracy.

2. Advanced Trailing Logic

The EA includes a trailing stop feature, which is disabled by default but can be activated to secure profits. When enabled, it begins trailing once a trade reaches 10 pips in profit, making it ideal for day traders aiming to lock in gains while avoiding overtrading. This feature is particularly valuable for scalpers using low-spread ECN brokers.

3. Customizable Parameters

One of the standout advantages of the MQ4 source code is its customizability. Traders can adjust parameters such as lot size, risk levels, stop-loss (SL), take-profit (TP), and trading timeframes to align with their risk tolerance and market outlook. This flexibility makes Elise EA V6.1 suitable for both aggressive scalpers and conservative traders seeking moderate compounding.

4. Strict Risk Management

Elise EA V6.1 emphasizes capital preservation through strict SL/TP logic, avoiding risky strategies like martingale or aggressive grid mechanics. Its internal controls manage slippage and trade execution, ensuring stability even in volatile market conditions. This makes it a reliable choice for traders prioritizing account safety.

5. Multi-Pair and Multi-Timeframe Compatibility

The EA supports trading across multiple currency pairs, including EURUSD, GBPUSD, USDJPY, and XAUUSD, and operates effectively on various timeframes, such as M15 and H1. This versatility allows traders to diversify their portfolios and adapt to different market environments.

Benefits of Using Elise EA V6.1 MQ4

Automation and Efficiency

By automating trade entries and exits, Elise EA V6.1 eliminates the emotional biases that often plague manual trading. This is particularly beneficial for beginners who may struggle with discipline or experienced traders looking to scale their operations without constant market monitoring.

Transparency with Source Code

The MQ4 format provides full access to the EA’s code, allowing traders to review and modify the underlying algorithms. This transparency ensures there are no hidden processes, fostering trust and enabling optimization for specific trading goals. Traders can backtest and fine-tune strategies using historical data to maximize performance.

Scalability for Prop Firm Challenges

Elise EA V6.1 is tailored for prop firm challenges, offering low-drawdown performance and compliance with strict risk management rules. Its ability to deliver consistent results makes it a popular choice for traders aiming to secure funded accounts.

Community Trust and Performance

The Elise EA series has earned positive feedback from the trading community, particularly for its reliability and user-friendly interface. While specific reviews for V6.1 are limited, earlier versions have been praised for their performance on pairs like EURUSD and GBPUSD, with some traders reporting stable profits over extended periods.

Recommended Settings

• Broker: Use ECN or Pro accounts with low spreads (e.g., Exness or HTFX).
• Timeframe: M15 or H1 for optimal performance.
• Pairs: EURUSD, GBPUSD, XAUUSD, or other high-liquidity pairs.
• Leverage: 1:500 for best results, as recommended for similar EAs.
• VPS: Use a low-latency VPS

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:

• Elise EA Pattern v1.65 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.

 

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