Snow Eagle EA V1.42 MT4

Snow Eagle EA V1.42 MT4

1. EA Overview:

   • Name: Snow Eagle EA V1.42 MT4
   • Platform: Meta Trader 4
   • Strategy: Trend following
   • Timeframe: H4 (4-hour chart)
   • Currency Pairs: EURGBP, EURCHF, AUDCAD, GBPCAD, NZDCAD
   • Minimum Account Balance: $500

1. Methodology:

   • The EA relies on a trend-following approach, avoiding risky methods like Martingale or grid trading.
   • It uses the H4 timeframe, which is considered more reliable for trading.
   • The primary currency pair is EURUSD.

2. Trade Execution:

   • The EA identifies breakouts from relative highs and lows.
   • Entry stop orders are used for swift execution.
   • Take profit levels are determined by an indicator.
   • Emergency stop loss is set at 55 pips.

3. Risk Management:

   • Recommended risk per trade: 5% of account balance.
   • Adjust risk tolerance as needed.
   • Historical yearly average return (2004-2020): 44.9% with 5% risk per trade.

4. Download and Contact:

   • You can download the EA from our website: https://mahakaryadigital.com/product/snow-eagle-ea-v1-42-mt4/
   • Join our Telegram channel for updates: https://mahakaryadigital.com

Remember to evaluate the EA’s performance in your own trading environment and adjust settings based on your risk appetite.

📈🤖Happy Trading 📈🤖