ALGO EURO EA - HOW TO SETUP
https://www.mql5.com/en/market/product/128246?source=Site
Core Benefits
- No Martingale Strategies: Avoids high-risk techniques to protect your capital.
- Conservative Money Management: Adopts safe and reliable trading practices.
- Protected Positions: Every trade has a clearly defined stop-loss and take-profit level.
- Verified Back testing Results: Achieves stable performance with 99.9% quality data.
- Broker-Agnostic Performance: Delivers consistent results regardless of broker conditions.
- Streamlined Setup Process: Easy to install and configure.
- FTMO & Proprietary Firm Compliant: Fully compatible with trading firm requirements.
- VPS Hosting Recommended: For optimal performance and uninterrupted operation.
- Initial Deposit Requirement: Start with as little as $250 (Optimal: $500+).
Technical Specifications
- Trading Pair: EURUSD
- Timeframe: H1 (1-hour)
- Platform: Meta Trader 5 (MQL5)
- Leverage: 1:30 for conservative, low, and normal-risk trading. For higher-risk trading, leverage of 1:100 or more is required.
Account Type: Any
Broker: A good ECN broker is required
VPS: Highly recommended.
All you need to do are two simple steps:
- Select a risk mode.
- Choose the maximum daily risk percentage.
Additionally, you have the option to control the trading volume according to your preferences.
Risk mode
Funded Accounts Risk Mode (Including FTMO):
- This is the default setting and is pre-configured for trading on nostro accounts, including FTMO.
- There is no need to make any changes; the advisor is ready to trade right out of the box.
- The input parameters include a "Daily Risk Percentage" function, which is currently set to 1%.
- For a safer, more conservative approach, this can be adjusted to 0.5%, making it highly protective and compliant with nostro rules.
Conservative Risk Mode:
- Designed for smaller accounts, starting from as low as $50.
- Requires a minimum leverage of 1:100 or higher.
- This mode prioritizes stability and safety over higher returns.
Modern Risk Mode:
- The most profitable mode available.
- Suitable for both nostro accounts and personal trading accounts.
- To use this mode, simply adjust the "Risk Percentage" parameter in the settings.
- The change can be made easily with a single click in the MT5 platform, ensuring a user-friendly experience.
Aggressive Risk Mode:
- Pre-configured and ready for immediate use.
- Allows you to either manually set the trading volume or let the advisor automatically adjust it based on the account size.
- This mode is designed for traders seeking higher returns with a more dynamic approach to risk management.
It is recommended to use either the FTMO or Modern risk modes, as both are the most profitable options. Once the risk mode is selected, set the daily risk percentage in the input parameters. 
4o
All you need to do are two simple steps:
- Select a risk mode.
- Choose the maximum daily risk percentage.
Additionally, you have the option to control the trading volume according to your preferences.
Risk mode
Funded Accounts Risk Mode (Including FTMO):
- This is the default setting and is pre-configured for trading on nostro accounts, including FTMO.
- There is no need to make any changes; the advisor is ready to trade right out of the box.
- The input parameters include a "Daily Risk Percentage" function, which is currently set to 1%.
- For a safer, more conservative approach, this can be adjusted to 0.5%, making it highly protective and compliant with nostro rules.
Conservative Risk Mode:
- Designed for smaller accounts, starting from as low as $50.
- Requires a minimum leverage of 1:100 or higher.
- This mode prioritizes stability and safety over higher returns.
Modern Risk Mode:
- The most profitable mode available.
- Suitable for both nostro accounts and personal trading accounts.
- To use this mode, simply adjust the "Risk Percentage" parameter in the settings.
- The change can be made easily with a single click in the MT5 platform, ensuring a user-friendly experience.
Aggressive Risk Mode:
- Pre-configured and ready for immediate use.
- Allows you to either manually set the trading volume or let the advisor automatically adjust it based on the account size.
- This mode is designed for traders seeking higher returns with a more dynamic approach to risk management.
It is recommended to use either the FTMO or Modern risk modes, as both are the most profitable options. Once the risk mode is selected, set the daily risk percentage in the input parameters.
If you want to set the lot size manually, you will need to change the "Use Money Management" function from "True" to "False." Once this is done, you can select your desired lot size.
That's it! You're ready to activate the Expert Advisor.
For more guides on automated trading and MQL5, visit my YouTube channel. The link is in the bio!
