EA Peak N Valley v1.0 MT4 is an Expert Advisor (automated trading system) based on the Peak N Valley Indicator, which identifies price peaks and valleys to generate buy and sell signals for forex trading. It’s designed for MetaTrader 4 and is often used by scalpers, short-term, and long-term traders to spot reversal points in the market. The EA automates trading decisions based on these signals, aiming to capitalize on price movements.
Key Features (based on similar Peak N Valley tools):
- Signal Generation: Uses peak and valley detection to provide buy/sell signals.
- Trading Style: Suitable for scalping, day trading, or longer-term strategies.
- Platform: Compatible with MT4.
- Customization: Likely allows parameter adjustments (e.g., period for peak/valley detection, risk settings), though specifics depend on the version.
- Peak and Valley Identification: The core function would be to automatically identify and mark price peaks and valleys on the chart.
- Support and Resistance Levels: It would likely use these peaks and valleys to establish dynamic support and resistance levels.
- Entry/Exit Signals: The EA would generate buy or sell signals when price interacts with these identified levels (e.g., breaking a resistance, bouncing off a support, or forming a new peak/valley).
- Trend Analysis: It might incorporate trend identification to trade in the direction of the larger trend or look for reversals at key peak/valley points.
- Risk Management: While not explicitly mentioned for “v1.0,” any professional EA would ideally include features like stop-loss, take-profit, and possibly position sizing based on risk.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
Important information!
For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)
Install a trading advisor on a VPS
Real Account Profit Recorded every Friday (end of the trading week)
What’s in the package?
Experts:
- EA Peak N Valley v1.0 MT4.ex4
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