1 EXPERT EX4 UNLIMITED / 49 SETTINGS
1 INDICATOR EX4
Detailed Description of the Product and Strategy
EA Hecate Pro is an innovative trading robot that utilizes a trailing
pending order strategy to capitalize on market movements.
By
integrating Supply and Demals levels into its algorithm, the EA ensures
that trades are placed with precision, maximizing profit potential while
minimizing risk.
How the Strategy Works
- Trailing Pending Orders: EA Hecate Pro places
trailing pending orders based on Supply and Demals levels.
- This strategy
allows the EA to follow the market trend and enter trades at optimal
points, ensuring high accuracy and profitability.
- Custom Partial Close: The EA features a custom
partial close function, enabling it to lock in profits at various stages
of the trade.
- This helps in managing risk and securing gains
progressively.
- Martingale Averaging Recovery System: In case of
unfavorable market conditions, the EA employs a martingale-based
averaging recovery system.
- This system strategically increases trade
sizes to recover losses, enhancing the likelihood of returning to
profitability.
- Decision Tree Strategy: EA Hecate Pro incorporates a
decision tree strategy, which systematically evaluates market
conditions and makes informed trading decisions.
- This sophisticated
approach ensures that the EA adapts to changing market dynamics
effectively.
- Trade Dashboard: The EA includes a visually
appealing trade dashboard that sits on the chart, providing real-time
insights into trade performance and key metrics.
Trading Specifications: Recommended Pair, Timeframe, and Minimum Balance
Recommended Pairs: EA Hecate Pro is versatile and
performs well across various currency pairs. However, it is optimized
for major pairs such as EUR/USD, GBP/USD, and USD/JPY.
Timeframe: The EA is designed to operate on the H1
(one-hour) timeframe, offering a balance between capturing trading
opportunities and managing market noise effectively.
Minimum Balance: To ensure optimal performance and
effective risk management, a minimum account balance of $1,000 is
recommended. This provides adequate margin for trade management and
enhances the EA’s ability to recover from drawdowns.
Key Features and Functionalities
- Automatic Lot Sizing: The EA can automatically determine lot sizes based on your account balance, ensuring appropriate risk management.
- One Trade Per Day: For enhanced risk control, the EA is configured to place only one trade per day.
- Slippage Filter: The EA includes a slippage filter to avoid executing trades under unfavorable conditions, ensuring precise trade entries.
- Magic Number: This feature allows you to use the EA on multiple charts without interference, each with a unique identifier.
- Range Filter: To avoid ranging markets, the EA includes a range filter that ensures trades are only placed in trending conditions.
- Trailing Stops: The EA features trailing stops,
which can be based on the ATR (Average True Range), ensuring that
profits are protected as the market moves in your favor.
- Stop Loss Options: You can configure the stop loss
to be off, based on fixed pips, or derived from the ATR, providing
flexibility in risk management.
- Daily Target Percent: The EA includes a daily
target percent option, which closes the EA once profit targets are met,
ensuring consistent profitability.
- Spread Filters: To avoid trades during high volatility, the EA incorporates spread filters.
- Time Filters: The EA allows you to limit trading to specific times, ensuring trades are placed during optimal market conditions.
- Customizable Inputs: Traders can customize other
parts of the EA’s inputs, including settings for Fractals, Bollinger
Bands, and overbought/oversold levels, tailoring the EA to their
specific preferences.
