YoForex Pro EA MT4

Description

It sounds like you’re referencing the YoForex Pro EA for MetaTrader 4 (MT4), which is likely another type of Expert Advisor (EA) designed to automate trading on the MT4 platform. EAs like YoForex Pro are typically used by traders to execute strategies automatically based on predefined conditions and technical indicators.

If you’re interested in an RFP (Request for Proposal) related to YoForex Pro EA, or if you’re considering using or developing a similar EA, here are a few common aspects to consider:

1. Overview of YoForex Pro EA:

• Purpose: YoForex Pro EA is likely designed to automate trading strategies for retail forex traders. It could involve market analysis, strategy implementation, and trade management using algorithms.
• Key Features:
  • Automated Trading: Trades based on specific algorithms or signals (e.g., trend-following, breakout strategies).
  • Risk Management: Features like stop-loss, take-profit, trailing stops, and fixed risk percentage to manage trading risk.
  • Time Frame Compatibility: Support for multiple timeframes for analyzing trends and executing trades.
  • Currency Pair Support: Likely designed to work on multiple forex pairs (such as EUR/USD, GBP/USD, etc.).
  • Custom Indicators: Could use custom indicators or standard ones like moving averages, RSI, MACD, etc.

2. Functional Requirements for YoForex Pro EA:

If you’re drafting an RFP for this EA or exploring its features, you might include specific technical requirements:

• Trading Logic & Strategy:
  • Strategy Type: What kind of trading strategies should be incorporated (e.g., scalping, day trading, swing trading)?
  • Indicators: Define the indicators that will be used for trade decisions (e.g., moving averages, RSI, MACD, Fibonacci retracements).
• Risk Management:
  • Max Drawdown: Set limits on drawdowns to prevent excessive losses.
  • Position Sizing: Specify how trade size will be calculated based on account equity and risk parameters.
• Automation:
  • Full Automation: The EA should open, modify, and close trades automatically without manual intervention.
  • Trade Management: Ability to adjust stop-loss, take-profit, and trailing stops dynamically during live trading.
• Alert & Notifications:
  • Real-time notifications about trade executions, strategy changes, and performance (e.g., via email, SMS, or app).

3. Backtesting and Optimization:

• Historical Data: Ensure the EA can backtest using historical data to verify performance over different market conditions.
• Optimization: Optimize the EA’s parameters (e.g., time frames, indicators) to find the most profitable settings.
• Forward Testing: Option for forward testing in demo accounts to assess how the EA performs in real market conditions.

4. Performance Metrics:

• Efficiency: Ensure the EA runs with minimal resource consumption to avoid lagging or crashing on MT4.
• Execution Speed: Ensure quick order execution to minimize slippage, particularly in volatile market conditions.

5. Support and Updates:

• Post-Launch Support: After the EA is developed or purchased, ongoing support for bug fixes and system updates may be necessary.
• Updates & Enhancements: Discuss whether updates or new versions will be provided over time, especially if there are updates to MT4 or the forex market.

6. Costs & Licensing:

• Upfront Cost: What is the purchase price or licensing fee for YoForex Pro EA?
• Subscription or One-Time Fee: Clarify if the EA is a subscription service or a one-time purchase.
• Refund/Guarantee Policy: It may be important to specify refund or money-back policies if the EA doesn’t perform as expected.

7. Vendor Requirements:

• Experience with Forex EAs: Make sure the vendor has experience developing successful forex trading EAs for MT4.
• Customer Reviews & Testimonials: Check user feedback to assess how the EA has performed for others and to verify its reliability.

If you’re considering using YoForex Pro EA or developing a similar solution, do you need more detailed information on any of these points? Or are you perhaps looking for specific recommendations regarding the EA’s functionality or setting up an RFP? Let me know how I can help!

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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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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.