Forexflight 2

ForexFlight 2

ForexFlight 2 is an advanced Expert Advisor (EA) designed for trading the EUR/USD currency pair, with a 30-minute (M30) timeframe. Based on the success of the original ForexFlight, ForexFlight 2 offers improved drawdown management for a more robust and secure trading strategy.

Innovations of ForexFlight 2:

1. Grid System: ForexFlight 2 is a grid system that opens positions not at regular price intervals, but based on market volatility and a proprietary indicator, to capture profits in both trend and range movements.
2. Drawdown Management at X% Level: When the drawdown reaches a predetermined X% level, the system automatically changes the reference timeframe, switching from M30 to an alternative timeframe to better adapt to market conditions and reduce risk.
3. Suspension of New Operations at Y% Level: If the drawdown reaches a further predetermined Y% level, ForexFlight 2 stops opening new positions and focuses exclusively on managing existing ones. This approach helps limit further losses and stabilize the portfolio.

The system retains the ability to manage multiple trends simultaneously, allowing for both long (buy) and short (sell) operations. Flexibility in managing the Take Profit (Tp) is a distinctive feature, with various thresholds that allow adaptation to different market conditions and specific profit goals.