Diamond Titan FX EA MT4: A Scalping Robot for US30
Overview
The Diamond Titan FX EA is a next-generation scalping robot designed for traders seeking consistent profits in the forex market. Developed by an experienced team of traders and coders, this EA focuses on scalping the popular Wall Street index, US30. Let’s dive into the details:
Key Features:
- Scalping Strategy: The EA employs a scalping strategy, aiming to profit from short-term price movements. It identifies optimal entry points using various techniques.
- Price Action-Based Trading: The EA’s trading decisions are based on price action patterns, including breakouts, pullbacks, and retests.
- Risk Management:
- Fixed Stop Loss: Each trade has a predefined stop loss to protect the trading account.
- Trailing Stops: The EA uses trailing stops to lock in profits quickly.
- Drawdown Management: Daily and total account drawdowns are managed effectively.
- News Filter: Traders can enable a news filter to avoid major market news releases that may impact trading.
- No Risky Strategies: The EA avoids risky techniques like martingale, grid, or hedging.
Recommended Settings:
- Minimum Deposit: While the EA can work with various account sizes, we recommend a minimum deposit of $1000 for optimal performance.
- Time Frame: The EA performs best on the M1 (1-minute) chart due to its scalping nature.
- Currency Pair: The EA is specifically designed for US30 (Dow Jones Industrial Average) trading.
How the EA Takes Trades:
- Breakout Strategy: The EA identifies breakouts from key levels and enters trades when momentum is in its favor.
- First Pullback: After a breakout, the EA waits for a pullback (retracement) and enters at favorable levels.
- Retest Strategy: It looks for retests of broken support or resistance levels and takes advantage of these price reversals.
- Stop Hunt: The EA capitalizes on stop hunts (liquidity grabs) by entering trades when price reverses after hitting stop loss orders.
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