South East EA v3.05 MT4 + Sets for MetaTrader 4 (MT4) is an Expert Advisor (EA) designed to automate trading with a focus on executing trades in specific market conditions. This version of the South East EA offers a range of customizable settings to cater to different trading styles, whether you’re trading with trend-following strategies, using technical indicators, or focusing on a specific currency pair.

Key Features of South East EA v3.05:

1. Market Condition Analysis:

• The South East EA might incorporate a variety of strategies to determine when and how to trade, such as:
  • Trend-following strategies: The EA may use indicators like Moving Averages or ADX (Average Directional Index) to identify and trade in the direction of the trend.
  • Reversal strategies: It might also trade during market reversals, relying on oscillators like RSI (Relative Strength Index), Stochastic, or MACD to identify overbought or oversold conditions.
  • Breakout strategies: The EA could also identify key support and resistance levels and place trades when the market breaks out from these levels.

2. Customizable Indicators:

• The South East EA v3.05 can be tailored to use a wide array of technical indicators, such as:
  • Moving Averages (for identifying trends).
  • RSI or Stochastic (for overbought or oversold market conditions).
  • Bollinger Bands (for volatility-based trading).
  • MACD (for trend strength and momentum).
• You can adjust the parameters of these indicators to match your preferred trading strategy and timeframes.

3. Risk Management:

• As with many EAs, risk management is crucial for ensuring profitability and minimizing losses:
  • Stop Loss (SL): A predefined level where the trade will automatically close if the market moves against the position.
  • Take Profit (TP): A predefined level where the trade will automatically close if the market moves in the trader’s favor.
  • Trailing Stop: This allows the EA to lock in profits as the market moves favorably by adjusting the stop-loss position accordingly.
  • Risk per Trade: The EA likely allows you to risk a percentage of your account balance on each trade, ensuring that position sizes adjust according to your balance and risk tolerance.

4. Scalping and Day Trading:

• The South East EA v3.05 might be designed to handle both scalping (capturing small profits from small price movements) and day trading (entering and exiting trades within a single trading day).
• Scalping can be particularly effective on short timeframes (e.g., M1, M5, or M15), while day trading can be applied on higher timeframes like H1 or H4.

5. Time Filter and Session Trading:

• The EA might come with a time filter to only trade during specific market hours, such as during the London or New York sessions when liquidity and volatility are typically higher.
• You may have the option to set the EA to only trade during particular sessions or time ranges, optimizing for the times when the market tends to be most active.

6. Multi-Currency Support:

• While many EAs are designed to trade on a single currency pair, South East EA v3.05 may support trading multiple pairs simultaneously, as long as they align with the strategy you’ve set up.
• You can use this EA across various currency pairs or even commodities (like gold or silver) as long as it fits the chosen strategy.

7. Backtesting and Optimization:

• Backtesting is an essential tool for understanding the performance of the EA under historical market conditions.
• You can use MT4’s built-in Strategy Tester to test the EA on historical data for various currency pairs and timeframes.
• Optimization allows the EA to automatically adjust its parameters based on the most profitable settings for a specific market or time period.

SouthEast EA Setting / Feature

• Used on platform: Meta Trader 4
• Currency pairs: AUDUSD,AUDCHF,AUDJPY,AUDNZD,AUDCAD,CADCHF,CADJPY,EURUSD,EURCAD,EURCHF,EURGBP,EURJPY,EURAUD, EURNZD,GBPUSD,GBPJPY,GBPCAD,GBPCHF,GBPAUD,NZDCAD,NZDCHF,NZDUSD,
  USDCHF,USDCAD,USDJPY,XAUUSD,XAGUSD.
• Time frame: M15, M30, H1.
• Broker any.
• Minimum deposit: 500$
• Recommend deposit: 2000$.
• Leverage 1:500.
• Utilizes a mild martingale lot to speed up the recovery process with controlled risk.
• Stop opening new positions if the Max DD limit is reached.
• Close far loss position to reduce margin used.
• Utilizes grid averaging to speed up the recovery process from bad trades.
• Account Protection: Cutloss by Drawdown in Money and in Percentage.
• Button Buy, Sell, BuyStop, SellStop, BuyLimit, SellLimit for manual intervention by carrying out manual trades to handle the most critical situation.
• Recommend use VPS (Click see here).

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:

• South East EA v3.05 MT4.ex4

Presets

• SEA SL EURUSD M15.set
• SEA SL USDCAD M15.set
• SEA SL USDCHF M15.set
• SEA SL XAUUSD H1.set
• SEA SL USDCAD M15.set
• SEA SL GBPJPY M30.set
• SEA SL EURUSD M15.set
• SEA SL GBPUSD M30.set
• SEA SL EURGBP M15.set
• SEA SL CADCHF M15.set
• SEA SL AUDCHF M15.set
• SEA SL AUDCAD M15.set
• SEA SL NZDCAD M30.set
• SEA SL NZDCHF M15.set
• SEA SL NZDUSD H1.set
• SEA SL USDCHF M15.set
• SEA SL USDJPY H1.set
• SEA SL XAGUSD M15.set
• SEA SL AUDJPY M15.set
• SEA SL AUDNZD M15.set
• SEA SL AUDUSD M15.set
• SEA SL CADJPY M15.set
• SEA SL EURAUD M15.set
• SEA SL EURCAD M15.set
• SEA SL EURCHF M15.set
• SEA SL EURJPY M15.set
• SEA SL EURNZD M30.set
• SEA SL GBPAUD M15.set
• SEA SL GBPCAD M15.set
• SEA SL GBPCHF M15.set

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