BigShot EURUS M15 EA for MetaTrader 4
Overview
The BigShot EURUS M15 EA is an Expert Advisor (EA) designed for trading the EURUSD currency pair on the M15 timeframe. It follows a robust strategy based on the ICHIMOKU indicator and employs stop pending orders with an ATR-based stop loss. Here are the key details:
- Minimum Deposit: The recommended minimum deposit to run the BigShot EURUS M15 EA is $1000.
- Time Frame: The EA is optimized for the H1 chart, specifically targeting the EURUSD pair. However, it can also be used with other pairs like GBPUSD or USDJPY, although the best performance is achieved with EURUSD.
Before unleashing BigShot in live markets, we strongly advise testing it on a demo account to gauge its performance. For optimal results, utilize a VPS or server with minimal network delays to the broker. While past performance serves as a testament to BigShot’s capabilities, traders must exercise caution, recognizing that future profitability is not guaranteed.
Prepare to elevate your trading endeavors with BigShot – the epitome of trading innovation! Embrace the supremacy of cutting-edge technology and sophisticated trading features, and embark on your journey to trading success today.
Key Specifications
– Gridless, martingale-free, arbitrage-free, and non-tick scalping
– Extensive 2-year 99% quality backtest
– Fastest backtesting methodology with Model: Open Prices only
– Requires no optimization
– Tailored for real-world market scenarios
Features
– Compatible with 4-5 digit Brokers
– Integrated Spread Filter
– Equity Stop functionality
– Drawdown Protection mechanisms
– Infopanel providing comprehensive EA insights
– Diverse Money Management options
– Advanced entry and exit algorithms
– Simplified installation process
Strategy
The EA’s strategy revolves around the ICHIMOKU indicator, which provides insights into trend direction, support, and resistance levels. Here’s how the EA takes trades:
- Indicator Signals: The EA monitors the ICHIMOKU signals, including the Tenkan-sen (conversion line), Kijun-sen (base line), and Senkou Span (cloud). These components help identify trend strength and potential reversal points.
- Stop Pending Orders: The EA places stop pending orders (buy and sell) based on the ICHIMOKU signals. These orders are modified for each candle to adapt to market behavior.
- ATR-Based Stop Loss: The EA uses the Average True Range (ATR) to set the stop loss level. This dynamic stop loss helps protect trades during volatile market conditions.
- Friday Trading Hours: To prevent exposure to weekend gaps, all trades are closed at 9:00 PM (UTC+2) every Friday. Adjust this time according to your broker’s time zone.
Recommendations
– Prioritize testing BigShot on a cent trading account before transitioning to real funds
– Utilize a VPS or low-latency server for optimal performance
– Select brokers offering low spreads, minimal commissions, and high-quality execution
– Ensure your broker permits hedging
– Acknowledge the associated risks before purchasing
– Past performance does not guarantee future profitability
– Although a stop loss is implemented, its execution depends on your broker’s capabilities.
Additional Information
- Lot Size: Adjust the lot size based on your capital and risk tolerance.
- No Risky Strategies: The EA avoids risky techniques such as martingale, grid, scalp, hedge, latency, and arbitrage.
- Backtesting and Optimization: The EA has been backtested on over 12 years of tick data and verified on 30 years of M1 data.
- Portfolio Approach: Consider combining this EA with other strategies for diversification across markets and timeframes.
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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