FX Challenge Power EA MT4+Setfiles

September 2, 2024

Watch the testing video here:

FX Challenge Power EA MT4+Setfiles

Are you ready to take your forex trading to the next level? Look no further than the FX Challenge Power EA MT4+Setfiles! This cutting-edge trading robot is designed to enhance your trading experience and boost your profits. Let’s dive into the details:

Key Features:

Cycle-Based Trading Strategy: The FX Challenge Power EA follows a cycle-based trading approach. It identifies market cycles and strategically enters and exits trades based on these cycles.
MACD and Parabolic SAR Filters: The EA uses the MACD (Moving Average Convergence Divergence) and Parabolic SAR (Stop and Reverse) indicators to validate trade setups and detect trend reversals.
Risk Management: Built-in risk management features protect your capital. You can customize parameters such as lot size, stop loss, and take profit.
Auto SL and TP Placement: No need to manually set stop loss and take profit levels—the EA does it for you.
Trailing Stop and Auto-Lot Options: Adapt to changing market conditions with ease.

Minimum Deposit:

To get started with the FX Challenge Power EA, a minimum deposit of $500 is recommended. This ensures that you have sufficient capital to withstand market fluctuations.

Timeframe:

The EA performs exceptionally well on short timeframes—specifically M1 (1-minute) or M5 (5-minute) charts. These timeframes allow for quick execution and responsiveness.

Preferred Currency Pairs:

While the EA can be applied to various currency pairs, we recommend avoiding XAUUSD (Gold). Instead, focus on major and minor forex pairs for optimal results.

Strategy Type:

The FX Challenge Power EA is primarily a scalping strategy. It thrives on capturing small price movements within short timeframes. It aims for quick profits and minimizes exposure to the market.
No Martingale or Hedging: Unlike some EAs, this one does not employ risky martingale or hedging techniques.