The eTrader
- Эксперты
- Ramethara Vijayanathan
- Версия: 2.4
- Обновлено: 26 мая 2024
- Активации: 10
Dear fellow traders,
We took a couple of losses last week because we were trying out some new strategies yet ended up with a 9% over all account gain. But this week, we’re coming back stronger! As long as you take the same amount of risk and stay consistent, you can achieve your financial goals. Remember, consistency is the key to successful trading! Let's go get it!
After the purchase, please send me a private message to receive setup instructions and guidance to setup a free VPS.
Promotional Price: Last copy at $400.00. The price will be doubled zoon!
Live trades: myfxbook.com/members/RameVijay/etrader-5-risk-per-trade/10861516
Introducing eTrader Expert Advisor: Your Gateway to Smart, Sustainable Trading
Unlock the power of eight years of meticulous development with eTrader Expert Advisor. Crafted with precision and expertise, eTrader is not just another automated trading tool – it's a fusion of innovative strategies and resilient risk management techniques designed to elevate your trading experience.
eTrader leverages live trade ideas sourced directly from our dedicated trade server, providing you with real-time insights into market dynamics. By combining a diverse range of indicators, eTrader identifies trends with unparalleled accuracy, empowering you to make informed trading decisions.
What sets eTrader apart is its intelligent approach to trade execution. Trades are strategically split into multiple positions, each equipped with carefully calculated TP levels. Upon reaching the first target, eTrader dynamically adjusts remaining positions to break even, effectively minimizing risk while maximize the potential of each trade.
Unlike other expert advisors, eTrader avoids risky strategies such as martingale, averaging, and grid systems. Instead, every trade is meticulously backed by SL orders and multiple TP targets, ensuring a disciplined and responsible trading approach.
With eTrader, you can trade with confidence, knowing that your investments are safeguarded by a proven and reliable system. Whether you're a seasoned trader or just starting out, eTrader provides the tools you need to succeed in today's dynamic markets.
Experience the difference with eTrader Expert Advisor – your gateway to smart, sustainable trading. Unlock your potential and embark on a journey towards financial success with eTrader today.
Key Features:
- Live Trade Insights: Harnesses real-time trade ideas from a dedicated server for informed decision-making.
- Precise Trend Identification: Integrates multiple indicators to identify trends with accuracy and confidence.
- Risk-Averse Approach: Avoids risky strategies like martingale, averaging, and grid systems for responsible trading.
- Optimized Trading Outcome: Splits trades into multiple positions with tailored TP levels, maximizing trading outcome while minimizing risk.
- Dynamic Trade Management: Adjusts subsequent trades to break even after hitting the initial TP level, ensuring consistent trading outcome.
- Risk Mitigation: Incorporates SL orders to safeguard investments and manage risk effectively.
General Settings
- Show EA Panel: Show or hide the EA Panel on the chart.
- Magic Number: To differentiate between multiple instances of the same EA running on a single currency pair, it is important to modify the EA identifier value for each instance.
Risk & Trade Management
- Risk Mode: This is how you decide the size of your trades based on your risk tolerance. You can choose between two modes: "Fixed Lots" and "Percentage of the Balance".
- Fixed Lots: With this mode, you manually set the size of each trade by specifying the number of lots you want to trade each time.
- Risk Percentage of Balance: In this mode, the EA automatically calculates the size of each trade based on a percentage of your account balance. So, if your account balance changes, the trade size changes accordingly to keep your risk consistent.
- Maximum Lots per Trade: This sets a cap on the maximum number of lots that can be traded in one transaction. It helps control the size of your trades, ensuring they don't exceed a certain level even if the risk mode or account balance would allow for larger trades.
- Trade Execution: This feature allows you to select from two trade execution modes: "Instant" and "Wait for better price".
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Instant Mode: Trades are executed immediately upon receiving signals from our server. This mode ensures that you enter the market without delay, making it suitable for accounts with wider spreads.
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Wait for Better Price Mode: For buy trades, the EA waits for the price to go down before executing; for sell trades, it waits for the price to go up. This mode is suitable for accounts with tight spreads. Choosing this option on account with wider spread may result in missed trading opportunities due to the delay in execution
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- Enable drawdown Limiter: This function limits the drawdown, which is the reduction in an account's balance from its peak. You can enable or disable it.
- Max Daily Loss Amount: This sets the maximum allowable loss for a trading day. If the total of closed positions plus open positions falls below this amount, the EA won't open new trades for that day.
- Max Daily Loss Reset Time: This is the time when the maximum daily permitted loss resets. It's typically set according to the server time.
- Close Trades When Drawdown Occurs: This option determines whether the EA should close all open positions when a drawdown occurs. If enabled, it will close positions; if not, it won't close positions but also won't open new trades.
- Close trades during news release: This feature allows you to select which news events you'd like to filter. You have two options to choose from.
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High impact: Selecting this mode will filter out trades during news events with high impact only.
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High and Medium impact: Choosing this mode will filter out trades during news events with both high and medium impact.
- Close trades (minutes) before news release: This input allows you to specify the number of minutes before a news release that you'd like the EA to close all trades and stop trading. This helps mitigate potential volatility and uncertainty around major market events.
- No trading for (minutes) after news release: This feature allows you to specify the duration, in minutes, for the EA to pause trading after a news release
- Close Trades on Friday: This option decides whether the EA should close all open positions and refrain from opening new trades on Fridays before the trading session ends.
- Close Trades on Friday Time: Specifies the server time when all open positions should be closed on Fridays, and trading should be disabled for the remainder of the day.
Using the Expert Advisor is designed to be straightforward and user-friendly. Simply attach it to one M5 XAUUSD/GOLD chart, choose your desired risk level, and let it trade accordingly. Avoid placing it on multiple charts to prevent potential conflicts.
- Working symbol: GOLD or XAUUSD
- Timeframe: M5
- Broker: Not sensitive. But please use a low commission, low spread broker for best results
- Deposit: $200.0 or above
- Leverage: 1:100 or above
- VPS Recommended for the EA to work 24/7
- No Martingale
- No Grid
- No Averaging
- No Over-optimization
- Every trades are protected with SL and TP
- Live trade history updated to the EA on a weekly basis
Before buying the eTrader EA, it's important to grasp the risks of trading. Just because it performed well in the past doesn't guarantee future success, as market conditions change. Testing it thoroughly across various market scenarios is crucial to understand its effectiveness. It's smart to start with small positions or on a demo account to manage potential losses while getting familiar with its performance. Overall, being cautious, informed, and practicing risk management is key to navigating the markets successfully.
Very interesting EA that looks promising, the author is very responsive and nice. Thank you Ramethara Vijayanathan