Waygrow Edu EA
Type of EA: The Waygrow Edu EA is a Tendential/Trend-following Expert Advisor designed for MetaTrader 4. It utilizes Moving Averages (MA) and spreads analysis to determine market conditions and potential trade opportunities.
RECOMMENDATIONS:
PAIR: BEST GBPUSD
TIMEFRAME: ALL BUT BEST M5
ACCOUNT TYPE: ECN or Zero Spread
LEVERAGE: 1:500
(This EA includes 2 preset)
Functionality & Strategy:
This EA operates with a focus on moving averages (MA) to determine trade entries and exits, making it ideal for capturing trends in volatile markets. The EA calculates two moving averages—one based on low prices and one on high prices—and uses the difference between them to identify the strength of the market trend.
The strategy focuses on entering the market when the price moves significantly above or below these moving averages, adjusting to both long and short positions depending on market direction. The EA incorporates a spread filter, ensuring that trades are executed only when the spread is within acceptable parameters, protecting against excessive transaction costs during volatile market conditions. Additionally, the EA features a built-in money management system, allowing for both fixed lot sizes and risk-based trading depending on user preference.
This EA includes robust risk management settings, with adjustable stop loss, take profit, and trailing stop functions, ensuring that the user has full control over the trade protection mechanism. It also supports a time filter, meaning trades are only executed within specified trading hours, which helps optimize performance during the most liquid times of the market.
Key Features:
Advanced Risk Management: Supports stop loss, take profit, and trailing stop settings.
Moving Average Trend Strategy: Uses MAs to determine trend direction and entry/exit points.
Spread Filter: Ensures trades are made only when spreads are within defined limits.
Money Management: Offers both fixed lots and risk-based trading options.
Customizable Time Filters: Allows trading during specific market hours for optimal performance.
