Gunner Prop Firm expert mt5 usdcad elliot waves

GUNNER expert is an excellent Expert Advisor (EA) specifically adapted to trading (USDCAD) on H1 charts on the MT5 platform. Designed to outperform traditional systems, this EA incorporates ELLIOTT WAVES strategies that are optimized to identify high-probability trading opportunities.

What is a Prop Firm.

Proprietary trading firms, or prop firms for short, are companies that give traders large capital to trade with so traders can make more result without risking their own hard earned capital. In return for this capital, the firms take a cut of the results. Sounds like a win-win, right? You get access to big trading capital without risking your own money, and the firm gets a slice of the results you generate.

The Elliott wave principle explains that market movements form recurring patterns of five-wave and three-wave structures, which repeat across various timeframes and exhibit fractal-like behavior. Each level of such timescales is called the degree of the wave, or price pattern. Each degree of waves consists of one full cycle of motive and corrective waves. Waves 1, 3, and 5 of each cycle are motive in character, while waves 2 and 4 are corrective. The majority of motive waves assure forward progress in the direction of the prevailing trend, in bull or bear markets, but yielding an overall principle of growth of a market.

The overall movement of a wave one degree higher is upward in a bullish trend. After the initial five waves forward and three waves of correction, the sequence is repeated on a larger degree and the self-similar fractal geometry continues to unfold. The completed motive pattern comprises 89 waves, followed by a completed corrective pattern of 55 waves.

Each degree of a pattern in a financial market has a name. Practitioners use symbols for each wave to indicate both function and degree. Numbers are used for motive waves, and letters for corrective waves (shown in the highest of the three idealized series of wave structures or degrees). Degrees are not strictly defined by absolute size or duration, but by form. Waves of the same degree may be of very different size or duration.

IMPULSE WAVES

Impulse waves consist of five sub-waves that make net movement in the same direction as the trend of the next-largest degree. This pattern is the most common motive wave and the easiest to spot in a market. It consists of five sub-waves, three of which are motive waves. Two are corrective waves.

• Wave 2 can’t retrace more than the beginning of Wave 1
• Wave 3 can not be the shortest wave of the three impulse waves, 1, 3, and 5
• Wave 4 does not overlap with the price territory of Wave 1
• Wave 5 needs to end with momentum divergence

CORRECTIVE WAVES

Corrective waves, called diagonal waves, consist of three, or a combination of three sub-waves that make net movement in the direction opposite to the trend of the next-largest degree. Its goal is to move the market in the direction of the trend.

• The corrective wave consists of 5 sub-waves.
• The diagonal looks like either an expanding or contracting wedge.
• The sub-waves of the diagonal may not have a count of five, depending on what type of diagonal is being observed.
• Each sub-wave of the diagonal never fully retraces the previous sub-wave, and sub-wave 3 of the diagonal may not be the shortest wave.

This expert also uses a basket of indicators as a basis, the main one being a unique and exclusive indicator, created and optimized by the developer.

Key features:

Traded Symbol: USDCAD.

This EA continuously analyzes the price movement and when it identifies the best opportunities, it sends a single limited order, thus opening a position.

Every position has a fixed Target and a fixed Stop Loss set from the beginning.

The lot is also calculated and determined automatically from the inputs.

Security Always: This EA is very SAFE, it does NOT use Grid, Martingale or Hedge strategies. All trades have only one entry per trade and are protected by a hard stop loss.

This EA is its very strong RESILIENT to high-impact NEWS (FOMC, FED, Payroll, ECB, BOE, SNB, BOC, BOJ, RBA or RBNZ) or any other abrupt price movements. You don't need to do anything, the EA protects itself.

Recommendations:

How to install:

If you want to customize, there are these parameters:

I am committed to continuously optimize and improve all my EAs to give you and me the best possible trading experience. You will receive all UPDATES for FREE and I will also add new features to the EA based on customer suggestions.

If you have any questions or need help, please contact me.

Download now and enjoy this powerful EA.