Iva FTMO V1 EAThe Iva FTMO EA is an automated MetaTrader4 trading tool designed that utilizes a predetermined time of day to place pending limit orders on both sides of the market, with a certain distance from the current market value of the currency. When the price reaches the level of the limit order, the EA opens a trade and monitors it until it reaches the center of the adaptive price channel, where it is closed.

Iva FTMO EA Strategy

The Iva FTMO EA is a trading robot designed to automate the trading process in the forex market by placing pending limit orders on both sides of the market at a predetermined time of day, typically between 17:00 and 24:00, with a certain distance from the market value of the asset.

If the price touches the level of the limit order, the EA accompanies this open trade and closes it when it reaches the center of the adaptative price channel:

• User-Friendly Interface: Iva FTMO EA boasts a straightforward interface, allowing the use of just one chart to trade multiple currency pairs, enhancing its utility for traders.
• Built-in FTMO Randomizer: Features a unique FTMO randomizer that creates diverse trades, each with individualized SL and TP values, catering to the specific needs of forex prop firms.
• It requires only one chart setup to trade all symbols (Just Open EURUSD TF: M5)
• It operates between 17:00 and 24:00
• Slippage and Spread Filter: Includes a filter to manage slippage and spread effectively, aiding in the reduction of trading expenses.
• Cost Averaging and Martingale Strategies: The EA is equipped to implement cost averaging and martingale strategies if the market trends counter to an open trade. It systematically opens additional trades at set intervals and distances from the initial trade, aiming to adjust the average entry price closer to the current market rate.
• Martingale Tactics: In scenarios where the market persists in the opposite direction, the EA employs martingale strategies, incrementally doubling the trade size to expedite loss recovery.
• It incorporates a news filter to avoid volatile market conditions.
• The EA is easy to use and does not require adjustment of GMT.

Iva FTMO EA Settings

• Mode_on_FTMO: FTMO trading parameters and requirements
• List_of_Trading_pairs: Multiple currency pairs support
• Lots_Custom: Customizable lot size
• Auto_Trailing_TP: Automatic trailing take-profit
• Trend Line: Use trend lines for trade signals
• Candle_ID_Close_Profit_$: Close position at a certain profit level in currency
• Close_Profit_$$: Close position at a certain profit level in percentage
• Signals_Buy/Sell: Trading signals
• Grid_Level_Size: Grid level size
• Grid_Distance: Grid distance
• Volume_Risk%: Risk management based on percentage of account balance
• Max_Spread_for_opening_Trade: Filter for maximum spread to open a trade
• Mode_on_one_Chart: Single chart setup for all symbols
• License_No_: Unique license number
• Magic_Number: Unique identifier for trades