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.
Fx Challenge Power EA is a popular trading software designed for use in the foreign exchange market. This powerful tool can help traders to automate their trend-based trading strategies and execute trades quickly and efficiently.
This MT4 bot was developed to aid traders in passing trading competitions like the FTMO challenge. It’s a high-frequency trading EA that deeply scans ongoing price actions of your selected instruments and remains quite sensitive to any critical changes in market trends and momentums.
Technically, the Fx Challenge Power EA is suitable for shorter timeframes. You can apply it on 1-minute to 5-minute timeframe charts. Besides, this software is programmed for trading all types of forex currency pairs. However, it’s advisable for beginners to stick to only major pairs.
In this guide, we’ll discuss how the Fx Challenge Power EA works in MT4, including its key features and MT4 settings.
Fx Challenge Power EA Strategy
The Fx Challange Power EA is a scalping robot. It applies market cycle-based trading strategies that also comprise hedging. Both of these strategies are quite popular among day traders and scalpers.
Smart investors are better equipped to profit from market cycles when they are aware of the various phases. On the other hand, by establishing a contrary position in a comparable asset, investors can use the risk management technique of hedging to offset losses on their investments.
This robot also utilizes MACD and Parabolic SAR filters to examine the strength of the possible trade setups. MACD helps you verify the direction of the current market momentum. On the other hand, Parabolic SAR identifies trend-reversal points and key dynamic support/resistance levels.
Fx Challenge Power EA Features
Suits cycle-based trading and hedging.
Allows multiple trading.
Built-in risk-management strategy.
Customizable parameters.
Price slippage and maximum spread protection.
Auto SL and TP placement.
MACD and Parabolic SAR filters.
Trailing stop and auto-lot options.
Fx Challenge Power MT4 Settings
Prevent EA from Starting New Cycle – Enable/disable the EA to initiate new cycle trading.
Magic Number – Unique identification number.
Initial Lot Size – Set the primary trading lot.
Lot Exponent – Maximum exponential increase of trading lot.
Slippage – Price slippage limit.
Start Extra Cycle When New Hedge Starts – Enable an extra cycle when the EA initiates a new hedge.
Start New Cycle at Middle of Last Hedge – Enables the EA to start a new cycle when the price reaches the mid-level of the previous hedge.
Maximum Concurrent Cycles – Maximum limit of concurrent cycles.
Minimum Pct Free Margin To Allow New Cycle -Minimum free margin percentage limit for allowing a new cycle.
Risk – Risk-to-reward factor.
SL – Stop loss limit.
TP – Default take-profit target.
Total Trades at Once – Maximum number of trades at-a-time.
Trailing Stop – Trailing stop range in pips.
MACD and SAR – Enable/disable MACD and SAR filters.
Max Spread – Maximum spread range in pips.
Fx Challenge Power EA Summary
The Fx Challenge Power EA is a trend-friendly MT4 trading robot. It’s beginner-friendly and simple to use. However, during irregularly volatile markets, the EA might either overlook the fact that the financial market is cyclical or fails to prepare for the conclusion of the present market period. Another difficulty is that it is virtually impossible to determine the top and bottom of a cycle, even if you acknowledge that they exist.
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) –
Amazing EA, recommended