Multi Purpose EA is a fully automatic trading EA that integrates hedging, facilitates manual trading, and automate indicators. This multi use EA comes equipped with an extensive trading panel, offering traders a versatile tool to manage their activities directly from the chart.
Key Features of Multi Purpose EA
- Automatic Mode: In this mode, Multi Purpose EA operates entirely based on user-defined input parameters. This mode is ideal for traders who prefer a hands-off approach, allowing the EA to handle all trading decisions automatically.
- Manual Trading: This mode provides traders with comprehensive money management and risk-reward ratio tools to enhance their trading. The order manager dashboard aids traders in executing and managing trades efficiently.
- Indicator Mode: This mode allows traders to automate your custom indicators. By entering the indicator name in the input parameters, traders can leverage their indicators to execute trades automatically.
Traders can adjust and modify all the strategies using input parameters, providing flexibility to tailor the EA to their specific trading preferences and market conditions. This customization ensures that EA can adapt to various trading styles and strategies, making it a versatile tool for novice and experienced traders.
The trading panel of Multi Purpose EA allows traders to display future predicting indicator and support and resistance levels, enhancing their ability to make informed trading decisions. The panel’s user-friendly interface ensures traders can easily switch between trading modes and customize settings directly from the chart.
Strategies used in Automatic Mode
Multi Purpose EA employs three distinct strategies in its full auto mode:
- Hedging: This strategy involves opening positions in opposite directions to mitigate risk.
- Impulse Catcher: This strategy aims to capitalize on significant market movements by identifying and trading on sudden price changes.
- Price Action: This strategy utilizes the Relative Strength Index (RSI) and trend-following techniques to analyze price movements and trends and make informed trading decisions.
Recommendations
- Minimum account balance of 400$.
- Works best on EURUSD, EURCAD, AUDCAD, NZDCAD. (Works on any Major and Minor pairs)
- Work best on H1 TimeFrame. (Work on any TimeFrame)
