CadenceFX MT4

• Dual Indicator Strategy: The EA utilizes Bollinger Bands and Stochastic Oscillator to identify reversal points, ensuring precise entry and exit signals for profitable trades.
• Trend Filtering System: CadenceFX incorporates a trend filtering system to prevent trading in strong trend conditions, enhancing trading accuracy and reducing potential losses.
• Patience in Trading: The EA waits for the market to retrace before entering trades, ensuring a strategic approach to trade execution.
• Dynamic Lot Sizing: Automatically adjusts the lot size based on the current account balance, optimizing risk management and capital preservation.

Live Signal: https://www.mql5.com/en/signals/2247553

• Modelling Quality: 100% Real Ticks History Quality
• Spread: Variable
• Time Period: 2010 – 2024.05
• Symbol: USDCAD
• Timeframe: M15
• Risk Level: Medium-High Risk
• Initial Deposit: $10,000

Key Results:

• Total Net Profit: $3,028,904.53
• Profit Factor: 2.24
• Recovery Factor: 7.21
• Maximal Drawdown: $115,378.83 (5.47%)
• Total Trades: 4982
• Winning Trades (%): 70.71%
• Losing Trades (%): 29.29%

The growth chart shows the account balance steadily increasing, with significant upward trends in later periods.

• Risk Management: Customize the level of risk according to your trading preferences.
• Take Profit for Initial Trade: Set the take profit level in pips for the initial trade.
• Take Profit for Pips as Position: Specify the average profit in pips to aim for when opening multiple orders (2-3 orders).
• Bollinger Bands Period: Determine the period of the Bollinger Bands used for calculating upper and lower levels.
• Stochastic Indicator Parameters: Set the periods and values for the Stochastic indicator to fine-tune trading signals.
• Trade Distance: Define the minimum distance in pips between trades.
• Trade Multiplier: Specify the multiplier for the lot size of the next trade.
• Stop Loss: Set the percentage of your account balance to be used as a stop loss.
• Maximum Slippage: Specify the maximum allowed slippage in pips for trade execution.

*** The only thing I recommend you adjust in this EA is to choose the lot size setting as you prefer.

Select True for your desired risk management setting: either Select_Risk_Setting, Select_Percent_Setting, or Select_Fix_initial_lot (choose only one to be True).

Once you've selected True, choose the risk level or input a numeric value under that option.

• Currency Pairs: USDCAD
• Timeframe: M15
• Account Type: Suitable for any account type, with a preference for ECN/Raw spread accounts.
• Leverage: Recommended leverage of 1:100 for optimal trading conditions.
• Settings: Default settings provided for ease of use.
• Minimal/Recommended Deposit: Start trading with a deposit of $3000 or 3000 US Cent to effectively implement the EA's strategy.