Super Prime EA V20.2 MT4

Super Prime EA V20.2 MT4
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Let’s break down the valuable information about the Super Prime EA V20.2 for MT4 :
Overview
- Name: Super Prime EA V20.2
- Platform: MetaTrader 4 (MT4)
- Type: Fully automated multicurrency Expert Advisor (EA)
- Author: Fanur Galamov
- Version: 2.0
- Activation Limit: 10
Key Features
- Scalping Algorithm: The Super Prime EA utilizes a scalping trading algorithm to identify precise entry and exit points on the 5-minute chart.
- Risk Management: It incorporates money management features to control lot sizes and minimize risk.
- Currency Pairs: Works best with major currency pairs that have low spreads, including:
- EURUSD
- GBPUSD
- USDJPY
- Compatibility: Compatible with any MT4 broker with low spreads.
- Timeframe: Optimal timeframe is M5 (5-minute chart).
- No Dangerous Strategies: Unlike grid or martingale strategies, the Super Prime EA avoids risky trading methods.
Strategy
- Scalping Approach: Scalping involves rapid opening and closing of positions to capitalize on small price movements.
- Entry and Exit Points: The EA carefully analyzes market behavior, considering factors such as trend direction, current price levels, economic news, and nearby round levels.
- Trade Direction: Trades in the direction of the main trend or counter-trend at price bounces.
- Risk Control: Risk is managed through appropriate stop loss and take profit levels.
- Avoiding Volatility: May not perform well in highly volatile or unpredictable market conditions.
- Returns: While scalping generates frequent winning trades, individual trade returns may be relatively small.
Minimum Deposit
- Recommended: $200 (or equivalent in account currency)
- Leverage: 1:30 to 1:500
- Account Type: Recommended to use an ECN account for best results.
- VPS: Consider using a Virtual Private Server (VPS) for faster execution.
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