CounterFlow EA

Why Choose CounterFlow EA?

• Smart TakeProfit: Profit targets are not rigid (fixed) but dynamic, adjusting to current market volatility.

• Distance & Signal Grid: If the market moves against the position, the EA uses a smart averaging mechanism calculated based on pip distance AND internal signal confirmation, not just blindly stacking positions.

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Recommended

To maximize the potential of CounterFlow EA and keep risks under control, we strongly advise you to follow the guidelines below. Proper configuration is the key to success in automated trading.

1. Capital & Risk Management

• Minimum Starting Capital: $1000 USD (or equivalent).

• Usage: Sufficient for trading on 1-2 currency pairs.

• Settings: Requires the use of very conservative risk settings.

• Further Recommendation: For better resilience against drawdown and the ability to trade more pairs, a capital of $3000 - $5000+ is advised. And  $500 for Cent accounts

• Risk Settings: The primary risk in this strategy is drawdown. Use the “Risk factor for AutoLot” parameter as your primary tool to control risk.

• For Beginners/Conservative Traders: Start with a high “Risk factor for AutoLot” such as 5000 or even 10000. The higher the value, the smaller the initial lot size, and the safer your account will be.

• For Experienced Users: Once you understand the EA's behavior, you can gradually decrease this factor to increase profit potential, but always be aware that this will also increase risk.

2. Leverage

• We recommend a leverage of 1:500.

• Important: The purpose of high leverage is not to open excessively large positions, but rather to reduce the margin used for each trade. This provides your account with more Free Margin to withstand drawdown when the EA opens multiple grid levels.

3. Pair Selection

• Recommended Pairs: This EA shows its best performance on currency pairs. The pairs we highly recommend starting with are:

• AUDCAD

• NZDCAD

• AUDNZD

• EURCHF
  

• EURGBP
  

• Flexibility: While the EA can work on all pairs, we advise avoiding pairs such as XAUUSD (Gold), GBPJPY, or Indices, unless you are an experienced user with very large capital.

• Tips: Start with one or two pairs first. Do not activate many pairs at once until you understand how the EA works.

4. Timeframe

• The recommended and optimized timeframe for this EA is M15 or H1 (work on any timeframe)

• This timeframe provides a good balance between signal frequency and stability, avoiding excessive market "noise" on lower timeframes and overly slow signals on higher timeframes.

5. Trading Environment

• A VPS (Virtual Private Server) is MANDATORY.

• This EA must run 24 hours a day, 7 days a week without interruption to manage its trade baskets effectively. Shutting it down mid-trade can lead to significant losses. Use a reliable VPS with low latency to your broker's server.

Crucial First Steps

Before using the EA on a real account, follow these steps:

1. Perform a Backtest: Test the EA in the Strategy Tester with 99.9% tick data for a period of at least 1-2 years. Pay close attention to the Maximum Drawdown metric. This will give you an idea of the potential risks with your settings.

2. Run on a Demo Account: After backtesting, run the EA on a demo account for a minimum of 2-4 weeks. This allows you to see how the EA reacts to real-time market conditions without risking real money.

3. Start with Low Risk: When you are ready to switch to a real account, start with the 1-2 recommended pairs and the most conservative risk settings (a high “Risk factor for AutoLot”). Only increase the risk or the number of pairs after you feel comfortable and have seen consistent results.

Important Disclaimer

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Mandatory Configuration for Premium Features: WebRequest

To enable advanced features like the News Filter and Auto GMT Detection to function correctly, you must grant your MetaTrader platform permission to access specific URLs on the internet.

This is a mandatory and very easy configuration step.

How to Set Up WebRequest in MetaTrader:

1. Open your MetaTrader platform (MT4 or MT5).

2. Click on the Tools menu at the top, then select Options.

3. Select the Expert Advisors tab.

4. Check the box that says "Allow WebRequest for listed URL:".

5. Click the + button (or Add new) to add a new URL in the field below.

How to Get the URLs?

To maintain the stability, security, and exclusivity of the data feed used by our premium features, the required URLs are not publicly listed. We will provide these addresses directly to every verified buyer.

After you have completed your purchase of CounterFlow EA, please follow this step:

Send me a private message through your MQL5 profile. I will promptly reply to your message with the full list of URLs you need to add to the WebRequest settings.