ET1 for MT4 & MT5

Descriptions:

ET1 employs common strategies utilized by professional traders, focusing on trend trading within oscillating ranges. This approach is particularly effective for volatile currency pairs such as Gold (XAUUSD) and GBPUSD. Additionally, ET1 features dynamic take-profit and stop-loss mechanisms for each trade, distinguishing itself from scalping systems prone to losses due to high-frequency trading and slippage. In times of losses, it’s important to maintain perspective; in the trading market, sustained survival is the ultimate victory. We are committed to continually updating this EA for your benefit and providing guidance for those new to utilizing EAs.

Parameters:

Trade Settings:
– Fixed Lots: Set a specific lot size; AutoMM must be disabled.
– Dynamic Lot Size: Allows for lot size adjustment based on price movements.
– AutoMM (Auto Money Manager): Manages lot size according to risk.
– Risk (ET1): Offers four risk levels:
– 1.0 (Low Risk)
– 2.0 (Medium Risk)
– 3.0 (High Risk)
– 4.0 (Highest Risk)
Select a risk level based on your risk tolerance and backtest to assess the balance between losses and profits.

Strategy Settings:
– Enable ET1: Toggle the ET1 strategy on or off during operation.