WE HAVE DISABLED THE ADD TO CART BUTTON, BECAUSE THIS EXPERT ADVISOR IS NO LONGER WORKING, PLEASE SEARCH FOR ( TESTED ON 1420 ) IN THE MENU, THOSE ARE THE ONLY EAS CURRENTLY WORKING FOR MT4. ANYWAY WE ARE WORKING TO RECOMPILE AND MAKE THEM WORK AGAIN SOON.
Introducing the Dusit Richly Wealthy EA for MetaTrader 4 – your gateway to automated trading success. Designed to maximize profits while minimizing risk, this expert advisor (EA) follows a specific strategy tailored to the EURUSD currency pair on the H1 timeframe. In this comprehensive guide, we’ll delve into the key details of this EA, including its minimum deposit, trading parameters, and unique trading strategy.
Key Information:
Minimum Deposit: $500
Trading Parameters:
Currency Pair: EURUSD
Timeframe: H1 (1-hour chart)
Trading Strategy:
The Dusit Richly Wealthy EA employs a Martingale strategy, a well-known approach in the realm of forex trading. However, it’s crucial to understand that while the Martingale strategy can yield significant profits, it also carries inherent risks and must be used with caution.
Here’s an overview of how the EA executes trades:
Initial Trade Size: The EA begins with an initial trade size (lot size) based on the specified deposit. This initial trade size serves as the foundation for subsequent trades.
Consecutive Losses: After each losing trade, the EA employs the Martingale principle by doubling the lot size. For example, if the initial trade size is 0.01 lots and the first trade results in a loss, the next trade will be 0.02 lots. Subsequent losses lead to a progressive increase in lot size, with the aim of recovering previous losses and achieving profitability.
Risk Management: While the Martingale strategy offers the potential for exponential growth, it also poses significant risks. To mitigate these risks, the Dusit Richly Wealthy EA implements strict risk management rules. It defines a maximum allowable drawdown as a percentage of the trading capital. Once the drawdown reaches this predetermined level, the EA halts trading for the day, preventing further losses and preserving capital.
Regular monitoring and optimization ensure that the Dusit Richly Wealthy EA remains effective in varying market conditions. By adhering to a well-defined strategy and implementing robust risk management measures, this EA offers traders the opportunity to capitalize on market opportunities while safeguarding their investments.
In conclusion, the Dusit Richly Wealthy EA is a powerful tool for traders seeking automated trading solutions on the MetaTrader 4 platform. With its Martingale strategy, tailored for the EURUSD currency pair on the H1 timeframe, and stringent risk management protocols, this EA strikes a balance between profit potential and risk mitigation. Take your trading to the next level with the Dusit Richly Wealthy EA and unlock the potential for consistent, profitable trading outcomes.
Brand
EA MT4
Refund
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Install
The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors.
This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.
Copy the EA folder content from your product to the EA folder of your MT4 installation.
Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.
Responsability
Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.
Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.
admin (store manager) –
Great EA, recommended