C1 Basic EA MT4
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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:
- Moving Averages (MA): The EA uses moving averages to identify trend direction and potential entry points.
- RSI (Relative Strength Index): It monitors overbought and oversold conditions to avoid entering trades during extreme market conditions.
- Risk Management: The EA incorporates stop-loss and take-profit levels to manage risk and protect capital.
How the EA Takes Trades
- 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.
- 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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