DevTube EA V7.02 MT4 (MetaTrader 4) is an forex Expert Advisor designed for automated trading on the Forex market. This version, V7.02, likely represents an update or new iteration of the EA, featuring improvements or additional features over previous versions.

DevTube EA V7.02 is an trading bot that automates forex trading. It’s optimized for major forex pairs and low-spread crosses. . Let’s dive into the specifics:

Key Features:

• Minimum Deposit: DevTube EA V7.02 requires a minimum balance of $100, but we recommend starting with $500 for better risk management.
• Timeframe: The EA operates across timeframes from M5 to H1.
• Currency Pairs: While it works with GBPUSD, EURUSD, and XAUUSD, we highly recommend focusing on XAUUSD for optimal results.
• Strategy:  EA employs a sophisticated algorithm that identifies buy and sell entry points based on existing currency trends. It analyzes multiple timeframes, confirms price action using technical indicators, and executes trades according to predefined rules.
• Risk Management: The EA incorporates stop-loss and take-profit orders, ensuring controlled risk. Additionally, it features a trailing stop for trending markets.
• Platform: DevTube EA V7.02 is compatible with the MT4 platform.
• Lot Sizes: The initial lot size is 0.01, but traders can adjust it based on their risk tolerance.

Trading Strategy:

DevTube EA V7.02 employs a sophisticated scalping strategy, combined with well-defined stop loss and take profit parameters. This approach minimizes risk while maximizing potential gains. Here’s how it works:

• Scalping: The EA takes advantage of small price movements within the forex market. By making quick, short-term trades, it aims to accumulate small profits that add up over time.
• Stop Loss (SL) and Take Profit (TP): To manage risk, the EA sets stop loss and take profit levels for each trade. This ensures that losses are minimized and profits are secured at optimal levels.
• Currency Selection: While DevTube EA V7.02 is versatile and can trade on GBPUSD, EURUSD, and XAUUSD, it performs best on XAUUSD due to its volatility and liquidity.
• Time Frame Flexibility: The EA is designed to work across multiple time frames (M5 to H1), giving you the flexibility to choose the best time frame that suits your trading style and market conditions.

Benefits of Using DevTube EA V7.02:

• Efficient Risk Management: The EA’s use of SL and TP ensures that your trades are protected from significant losses while allowing you to capitalize on profitable opportunities.
• Versatility: Compatible with multiple currencies and time frames, DevTube EA V7.02 adapts to various market conditions and trading styles.
• User-Friendly: Easy to set up and manage, making it suitable for both beginner and experienced traders.

What’s in the package?

• Experts : DevTube EA V7.02 MT4_1420.ex4

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

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The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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