Good Morning EA V1.94 MT4 is an automated trading system designed for use with the MetaTrader 4 (MT4) platform. It operates as an Expert Advisor (EA), which means it executes trades based on predefined rules and algorithms.The EA incorporates risk management techniques to control position sizing and protect against excessive losses.

Introduction

The Good Morning EA V1.94 is an automated trading system designed for the MetaTrader 4 (MT4) platform. It aims to optimize morning trades by following specific rules and indicators. Here’s what you need to know:

Key Details

• Minimum Deposit: $500
• Timeframe: M5 (5-minute chart)
• Currency Pairs: EURUSD and GBPUSD
• Strategy Type: Martingale

Trading Strategy

The Good Morning EA V1.94 employs a disciplined approach to capitalize on morning market movements. Let’s break down its strategy:

1. Time-Based Trading

• The EA focuses on a specific time window, typically during the early morning hours when the market exhibits predictable patterns.
• It opens orders based on predefined rules and indicator signals.

2. Order Types

• The EA primarily uses limit orders:
  • Buy Limit: Placed below the current market price.
  • Sell Limit: Placed above the current market price.
• Each order has:
  • Take Profit (TP): A specified level for profit-taking.
  • Stop Loss (SL): To limit potential losses.

3. Currency Pairs

• The EA works best on EURUSD and GBPUSD.
• These pairs are highly liquid and commonly traded during the morning session.

4. Risk Management

• Despite being a martingale strategy, the EA incorporates risk management:
  • Lot Sizes: Adjusted based on account balance and risk tolerance.
  • Maximum Drawdown: Monitored to prevent excessive losses.

5. Installation and Setup

• The EA is easy to install on any MT4 platform.
• Detailed instructions are provided for configuration.

What’s in the package?

• Experts : Good Morning EA v1.94.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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Disclaimer:

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.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.

 

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