Analysis of a trade made by the Prop Master Expert Advisor on July 1, 2024

Prop Master Expert Advisor continues to demonstrate its efficiency in automated trading on financial markets. In this article, we will analyze in detail the trade made by the Expert Advisor on July 1, 2024. We will analyze what support and resistance levels were determined, how the trade was opened and closed, and what result was achieved. This analysis will help you better understand the work of the Expert Advisor and evaluate its potential for stable profit making.

Fig. 1. EURUSD BUY 9.6 OpenPrice = 1.07266, Profit = +$1240.

The Expert Advisor has identified a key resistance level at 1.07266. This level remained significant since June 27, and the price was gradually approaching it.

On July 1, the market opened with a gap and a sharp breakout of 1.07266. We have already analyzed the strategy of the Expert Advisor in detail in one of the previous articles, that the level breakout is often accompanied by an impulsive movement. This is exactly what happened this time. The gap and the subsequent sharp upward movement signaled a high potential of the trend continuation.

Prop Master Expert Advisor quickly reacted to this movement and opened a trade for a level breakout. Using its algorithms and settings, the Expert Advisor determined the optimal moment to enter the market, which allowed to take advantage of the impulsive price movement.

After opening the trade at 1.07266, the price continued to rise and the EA set a TakeProfit based on the current volatility and expected movement. The trade was successfully closed at TakeProfit, fixing a profit of $1240. This result confirms the high efficiency of Prop Master algorithms and the correctness of the chosen strategy of trading on the breakout of key levels.

This analysis shows how the Prop Master Expert Advisor effectively uses the strategy of level breakout to generate stable profits. Quick reaction to market conditions and correct identification of key levels allowed the Expert Advisor to open and successfully close a trade, bringing a significant profit.