The Free US30 EA – Indices Trading Robot operates on the M5 (5-minute) timeframe and is designed exclusively for trading the US30 index. It uses a combination of technical indicators and risk management strategies to execute trades efficiently while adapting to changing market conditions.
Here is short overview of the strategy behind the US30 trading bot:
- Entry Volume (Lot Size): The default lot size for trades is 0.50. This is adjustable depending on the trader’s risk tolerance and account size.
- Stop Loss and Take Profit Levels:
- The US30 EA does not have a pre-set stop-loss level, suggesting it might rely on trailing stops or other exit mechanisms for risk management.
- The strategy aims to capture substantial market moves by setting the take-profit level at 50,000 pips.
- Technical Indicators:
- The MACD (Moving Average Convergence Divergence) is used with the parameters 14, 40, and 13 to identify market trends and momentum.
- The Envelopes Indicator, with settings of 4 and 0.91, creates dynamic price bands for determining overbought and oversold levels.
- Risk Management:
- Configurable limits are available for maximum open positions, total lots, and daily loss thresholds, ensuring control over exposure.
- Equity protection mechanisms prevent trading when the account’s equity falls below or rises above specific levels.
- News Filtering: The US30 EA includes a news filter that prioritizes high-impact events for currencies such as USD, EUR, and JPY. Adjustable timing allows for trade suspensions before and after significant economic announcements.
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Disclaimer: This Indices Trading Robot is for educational purposes and is free to download. Get the Free US30 EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.