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EA Goofy MT5

Goofy - Forex trading advisor based on Elliott wave theory including the system - 7thlab - WAVE THEORY.
7thlab - WAVE THEORY is an automated system that helps traders analyze the market and make trading decisions without personal intervention. To do this, the advisor uses Elliott Wave Theory to determine entry and exit points for trades, which allows you to maximize the efficiency of market movements.

Attention Trader - This advisor is not a test grail!!! - Before using it, the advisor must be optimized for market conditions.
Full instructions and description of the system are Here

The advisor has built-in functions:

  • Time filter.
  • Grid step multiplier system.
  • Virtual orders.
  • Break even.
  • News filter.

Attention Trader. After purchasing, write me a private message to receive gifts:

  • $GFC Coin
  • Access to VIP chat
  • Access to a closed channel using signals.
  • Unique settings
  • About version 7thlab - WAVE THEORY

Goofy strategy advisor - 7thlab - WAVE THEORY - This is not just a trading advisor.
This is a whole 7thlab ecosystem associated with the $GFC coin.
More details Here

Key Feature

  • Analysis of Elliott Wave Theory:
    The advisor analyzes market data using Elliott Wave theory to determine the current phase of the market and predict future price movements. This allows you to more accurately determine entry points into the market.
  • Orders pending:
    After determining the entry point, the advisor automatically creates a pending order for price correction. This allows the trader to get maximum profit from the signal, since the order will be executed at a more favorable price.
  • High volatility news filter:
    The EA includes a news filter that tracks micro- and macroeconomic events that can cause high market volatility. This helps avoid trading during periods of high uncertainty and reduces risks.
  • Automatic lot system:
    The advisor automatically calculates the lot size based on the size of the deposit and the risk level set by the trader. This optimizes capital management and minimizes risks.
  • Order grid:
    The advisor uses a grid of orders to maximize profits from price pullbacks. This means that if the price moves in the opposite direction, the advisor will open additional orders to take full advantage of market fluctuations.
  • Exact market entry:
    Using the Elliott wave theory allows you to determine more accurate entry points into the market, increasing the likelihood of successful transactions.
  • Profit maximization:
    Creating pending orders and using an order grid helps you maximize profits from market movements, even if the price is temporarily moving in the opposite direction.
  • Protection against news risks:
    The High Volatility News Filter helps avoid trading during periods of high volatility, reducing risk and protecting the trader's capital.
  • Automation and convenience:
    The automatic lot system and automatic order management allow the trader to minimize manual intervention and errors, making trading more convenient and efficient.

Conclusion
Based on Elliott Wave theory, the EA Goofy - 7thlab - WAVE THEORY trading advisor is a powerful tool for traders seeking to make the most of market movements and minimize risk. By automating processes and using advanced analysis methods such as Elliott wave theory, this advisor allows traders to achieve high results and make stable profits in the Forex market.


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Version 3.0 2024.06.16
The big system update can be read in detail here - https://www.mql5.com/en/blogs/post/758070
Version 2.1 2022.07.21
Modified trading strategy with the addition of fractal levels + divergence levels
Lightweight EA code for better testing and optimization
Installed protection against loss of deposit
Ability to trade without martingale