Tycoon Magnet
- Experts
- Version: 1.0
Trading discipline and consistency are the key classes in the school of successful online trading.
For the above to be achieved, the use of technological adjustable Expert Advisors (Eas or Trading robots) in trading
Is the key.
This is because Eas don’t get tried and don't suffer from human fatigue.
This EA helps the trader in achieving goals in his/her trading journey.
DESCRIPTION TOPICS.
- Best times to trade/timeframes to trade.
- Indicators used in the EA.
- Forex calendar.
- Trading days.
- Adjustable settings.
1. Best times to trade/timeframes to trade.
>>>M30 and 1HR have proved to be the best for this EA, however it has customizable settings that the trader can also change to find the best fit timeframes.
2. Indicators used in the EA.
>>> This indicators are used to determine trend , and by default exit trades unless stoploss and take profit is not zero.
>>> The indicators used are : MOVING AVERAGE , AVERAGE DIRECTIONAL INDEX(ADX)
3. Forex Calendar
>>> Being one of the company's best EA , it has a calendar that informs the trader of the upcoming major market events and if it may affect the market volatility.
4. Trading days
>>> Discipline is one of the key pillars to success in trading and most importantly ,in life.
>>> A disciplined trader should know when to start and stop trading depending on the type of trading.
>>> As this EA guarantees success in trading, it has a customizable trading days tab.
>>> It is advisable to change the default settings to the ones that fit your own trading style.
5. Adjustable settings.
>>> Taking into consideration that every trader has his/her own trading style , this EA has been build to meet every trader's demands.
Although it has a well researched default settings, it is also advisable to change the default settings to best fit your own trading system.
>>> The following are some of the customizable settings of the Expert advisors :
(a) LOT_SIZE =>the trader can change the lot size in each order to be placed.
(b) INDICATOR SETTINGS => The indicator timeframes, period etc can be adjusted to meet the trader's preferences.
(c) ORDER_EXPIRATION_TIME => As this EA uses stop orders to place trades, the time the order will be valid is key to avoid market fakeouts and market retracements.
(d) STOPLOSS_IN_PIPS => Stoploss that is used to close losing trades.
(e) TAKE_PROFIT_IN_PIPS => the take profit level in pips.
(f) FIRST_WARNING_IN_MINUTES and SECOND_WARNING_IN_MINUTES => This is time at which the trader will be informed of the upcoming market event. It is the in minutes before the event.
(g) DAY,HOUR,MINUTE,SECOND TO START OR STOP TRADING => All these are settings for the first and last trading day, minute, hour and second.
(h) ENTRY_IN_PIPS => The price at which the stop order will be placed in pips.
(i) MAXIMUM DRAWBACK => This is the maximum drawback of profit from current maximum. When it is reached the trade will be closed. By default it is zero , meaning it is not functional. It is only function when it is above one.
CONCLUSION
The company wishes you the best as you start to trade with these EA, however, if there are any queries or complains please feel free to contact customer support services through the following :
EMAIL : kiyukaedwin83@gmail.com
WHATSAPP : +254748133009
TELEGRAM : @outofthebadland
