Mystic Swing
- Experts
- Hong Ling Mu
- Version: 1.0
This EA has been designed to achieve stable trades regardless of market fluctuations. The optimal time frame for this EA is M5. It calculates the price changes in higher time frames, such as H1 and H4, and looks for entry points after a significant trend has occurred and the price starts to retrace.
It is recommended to set wider take profit and stop loss levels. This setup works well for one trade per day. If a trade ends in a loss, the EA waits for an opportunity to re-enter with double the lot size. If a trade hits the take profit level, trading for the day is finished. The EA remains inactive until the next day.
This EA has been created based on the lessons learned from numerous trades that resulted in significant drawdowns and losses. The initial settings have a take profit of 40 pips and a stop loss of 40 pips, but feel free to adjust them to find the optimal values. You can also modify the multiplier for the next lot size when an order is closed by the stop loss.
Let's steadily accumulate stable profits and strive for big dreams!
The best pair GBUPSD and EURUSD
Time frame M5
TP= 40pips
SL= 40pips