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Tuesday, 21 January 2025
C1 Basic EA MT4
C1 Basic EA MT4

C1 Basic EA MT4

Watch the testing video here:

The C1 Basic EA MT4 is an Expert Advisor (EA) designed for the MetaTrader 4 platform. It offers a straightforward approach to trading, making it suitable for both beginners and experienced traders. Let’s dive into the details:

Minimum Deposit

  • The minimum deposit required to use the C1 Basic EA MT4 is $1000
  • We recommend having more than the minimum available for flexibility in your trading strategy.

Timeframe

  • The recommended timeframes for running the C1 Basic EA MT4 are M1 or M5.
  • These shorter timeframes allow for more frequent trading opportunities and quicker decision-making.

Supported Currency Pairs

  • The C1 Basic EA MT4 works well with the following currency pairs:
    • NZDUSD
    • AUDNZD

Strategy

The C1 Basic EA MT4 follows a simple yet effective strategy:

  1. Moving Averages (MA): The EA uses moving averages to identify trend direction and potential entry points.
  2. RSI (Relative Strength Index): It monitors overbought and oversold conditions to avoid entering trades during extreme market conditions.
  3. Risk Management: The EA incorporates stop-loss and take-profit levels to manage risk and protect capital.

How the EA Takes Trades

  1. Buy Signal:
    • When the short-term MA crosses above the long-term MA and RSI is below 70, the EA generates a buy signal.
    • It enters a long position with a predefined stop-loss and take-profit level.
  2. Sell Signal:
    • When the short-term MA crosses below the long-term MA and RSI is above 30, the EA generates a sell signal.
    • It enters a short position with the same risk management parameters.

 

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Additional Resources:

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Contact: micelwin@gmail.com

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