Mr Cheese Reaction EA V3.0 MT4 is a  forex robot designed for M4. It focuses on trend trading and includes features like take profit (TP), stop loss (SL), and trailing distance. The robot analyzes candle patterns and determines the trend to execute trades. Additionally, there are settings for different currency pairs and timeframes.

Mr Cheese Reaction EA V3: A Trend Trading Robot

Introduction

The Mr Cheese Reaction EA V3 is an automated forex trading robot designed for MetaTrader 4 (MT4). It focuses on trend trading and employs specific strategies to execute trades. Let’s dive into the details:

Key Features:

1. Minimum Deposit:
   • The recommended minimum deposit is $500, but it can operate with as little as $100.
   • Higher deposits enhance performance and reduce risk.
2. Timeframes:
   • The EA is optimized for timeframes ranging from M15 to H1 (15 minutes to 1 hour).
   • Shorter timeframes allow for more frequent trades, while longer timeframes offer stability.
3. Currency Pairs:
   • The recommended currency pairs for Mr Cheese Reaction EA V3 are:
     • XAUUSD (Gold/US Dollar)
     • NASDAQ (US Tech 100 Index)
     • GBPUSD (British Pound/US Dollar)
   • These pairs provide liquidity and volatility suitable for trend-based strategies.
4. Trading Strategy:
   • The EA combines several strategies:
     • Scalping: It aims for quick profits by entering and exiting trades rapidly.
     • Stop Loss (SL) and Take Profit (TP): It uses predefined levels to manage risk and secure profits.
     • Trend Following: It identifies trends using candle patterns and moving averages.
     • Trailing Stop: The EA adjusts the stop loss as the trade moves in favor of the trend.
5. Platform:
   • The Mr Cheese Reaction EA V3 operates exclusively on MetaTrader 4 (MT4).
   • Traders can install and configure it easily within their MT4 platform.

How Mr Cheese Reaction EA V3 Takes Trades:

1. Trend Identification:
   • The EA analyzes candlestick patterns and moving averages to determine the prevailing trend.
   • It considers the specified timeframe (M15-H1) to make informed decisions.
2. Entry Points:
   • When a trend is confirmed, the EA identifies optimal entry points.
   • It waits for a specific number of candles (configurable) to validate the trend before opening a trade.
3. Risk Management:
   • The EA sets a predefined stop loss (SL) and take profit (TP) for each trade.
   • Trailing stop functionality adjusts the SL as the trade progresses.
4. Scalping Opportunities:
   • During strong trends, the EA may engage in scalping—quick trades to capitalize on short-term price movements.

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

What’s in the package?

• Experts: Mr Cheese Reaction V3.ex4

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You can get it free if you signup Exness with our referral link

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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.

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