Queen Prop Firm expert mt5 nzdusd
- Experts
- Damiem Marchand De Campos
- Version: 1.0
- Activations: 10
QUEEN expert is an excellent Expert Advisor (EA) specifically adapted to trading (NZDUSD) on H1 charts on the MT5 platform. Designed to outperform traditional systems, this EA incorporates HARMONIC PATTERNS strategies that are optimized to identify high-probability trading opportunities.
This Expert has been designed and optimized especially for use in the prop firm challenge steps.
Key features:
Traded Symbol: NZDUSD.
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:
- Symbol: NZDUSD,
- Timeframe: H1.
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.
How to install:
- Download this EA,
- Make sure that all pairs (NZDUSD) are in the Market Watch (Ctrl+M),
- Have the (NZDUSD) chart on the H1 timeframe,
- Place this EA on the (NZDUSD) chart,
- Check and adjust the parameters as shown below,
- Click OK to activate,
- Done!
If you want to customize, there are these parameters:
- [#01] Magic Number,
- [#02] Account Start Balance,
- [#03] Operation Mode (Aggressive/Moderate/Conservative),
- [#04] Fixed Lot (ON-true/OFF-false),
- [#05] Fixed Lot,
- [#06] Comment.
The main strategy of this expert is - HARMONIC PATTERNS -
Harmonic patterns are trend reversal patterns that use Fibonacci extensions, retracement levels, and geometric structures to reverse a trend. These patterns identify to the possible reversal zone, allowing them to enter reversal trades when the market is nearing exhaustion.
In general, all harmonic patterns are built on five price turning points. Each harmonic pattern, however, has a unique geometrical form and Fibonacci ratio. These are the points X, A, B, C, and D. Each harmonic pattern has its own set of principles, which we will go over in more depth later in the essay.
The primary function of harmonic patterns is to forecast price fluctuations. Harmonic patterns are essential for detecting reversals. They are a very accurate device that characterizes extremely particular price changes.
BUTTERFLY PATTERN
The butterfly pattern is a kind of reversal pattern that appears towards the conclusion of a trend move. Consists of five points: X, A, B, C, and D. AB may retrace up to 78.6% of the XA leg. BC can retrace between 38.2% and 88.6% of AB. CD can be an extension of 1.618% - 2.618% of AB. The Potential Reversal Zone is denoted by point D.
GARTLEY PATTERN
The Gartley pattern is a basic harmonic pattern that is preceded by a number that is either extremely low or very high. The AB leg should retrace about 61.8% of the leg XA. BC is expected to retrace 38.2% - 88.6% XA. Leg XA is at least 78.6% retraced in CD.
BAT PATTERN
The Bat pattern, like the Gartley pattern, is a retracement and continuation pattern. It occurs when a trend reverses direction momentarily but then returns to its previous route. The AB leg may retrace between 38.2% and 50% of the XA leg. The BC leg may retrace 38.2% to 88.6% of the AB leg. The CD leg may retrace up to 88.6% of the XA leg's length. CD leg may also be a 1.618% - 2.618% extension of the AB leg.
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.
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.
