ORACLE EA - HOW TO SET UP
Trading Systems

ORACLE EA - HOW TO SET UP

13 March 2024, 01:16
Stanislav Tomilov
Stanislav Tomilov
0
3 733

Oracle - How to set up info

MT5 https://www.mql5.com/en/market/product/88660

  • Working symbols: XAUUSD(GOLD), GBPUSD
  • Working Timeframe: M5
  • The minimum deposit $100 
  • The leverage depends on the risk, at low risk a leverage of 1:30 is suitable 
  • Account type: Any
  • Good ECN broker is required, but not must (Recommended broker)
  • Best Broker for European Clients with trading leverage 1:500 

Features:

  • No martingale
  • No Grid
  • No averaging
  • No dangerous methods of money management are used
  • Hard stop loss and take profit for each position
  • Not very sensitive to broker conditions 
  • Easy to install
  • FTMO and Prop firm ready  

!WARNING! Expert does not trade often, keep this in mind before buying! Don't wait for a trades every day! The trades are rare! But accurate.

RISK SETTINGS

The Expert Advisor is set up for each currency pair separately, on its own separate chart.

The Expert is easy to use, with all default settings. You only need to select the risk level.

The risk is selected by Percent of Risk from Deposit parameter.

The default setting is 30% per trade, which is High Risk settings!

It is better to choose risk values from 1 to 10% per trade.

TRADING FREQUENCY

You can choose the frequency of trades 

Moderate mode (by default) the adviser makes rare but more accurate trades.  

Intense mode in this mode, the advisor trades a little more often, but still there are not many trades.

TRAILING STOP (disabled by default)

Trailing On Off - Trailing Stop function on-true/off-false

Trailing Start - This is how many pips the price must pass from the opening price for the trailing stop loss to start working.

Trailing From - This is how many points from the opening price trailing start, the stop loss should become.

Trailing Step - This is a step of trailing stop in points.

NEWS FILTER (disabled by default)

Use NewsFilter - Enable/Disable the news filter.

Do not open positions minutes before the news - Time before the news release during which period not to open trades.

Do not open positions minutes after the news -  Time after the news release during which period not to open trades.

For correct work of the news filter you need to add the link to the terminal settings. You do not need to add a link for Metatrader 5 terminal, only for MT4.

Please allow web requests to the following URL for the news filter https://ec.forexprostools.com

🔵Telegram Channel https://t.me/aura_gold_ea

🔵Site https://auraexperts.com/


🔵Mail fintexea@gmail.com

Ask your questions to author https://www.mql5.com/en/users/stanislav110685

ALL EXPERTS https://www.mql5.com/en/users/stanislav110685/seller

MT5 https://www.mql5.com/en/market/product/88660