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Price Action EA Source Code V1.0 MQ5

Discover the Efficiency of the Price Action EA V1.0 MQ5! Unlock the full potential of your trading with this expertly designed Expert Advisor (EA) based on a pure price action strategy. Here’s everything you need to know about its features, including the recommended minimum deposit, currency pairs, and trading timeframes.

Key Features

Parameter	Details
Minimum Deposit	$100 (for micro accounts) or $5,00 (for standard accounts)
Timeframe	M15 to H1, H4 (optimal for capturing price action patterns while reducing noise)
Recommended Currencies	Major pairs like EUR/USD, GBP/USD, USD/JPY, and AUD/USD for higher liquidity and stability.

Price Action EA Source Code V1.0

How the Price Action EA V1.0 Works

This EA focuses on trading purely based on price action, avoiding complex indicators. Here’s a breakdown of how it takes trades:

Identifying Key Zones:
The EA automatically maps significant support and resistance levels by analyzing historical price movements.
Candlestick Patterns:
- Recognizes key patterns such as pin bars, engulfing candles, and inside bars.
- Evaluates the context of these patterns near support or resistance zones for high-probability entries.
Breakout Detection:
- Scans for price breakouts from consolidation phases or critical levels.
- Filters out false breakouts using candle-close confirmation.
Dynamic Risk Management:
- Adapts position sizing based on your account balance and risk percentage settings.
- Implements tight stop-loss levels beneath the entry for controlled risk.
Trade Execution Logic:
- Buys near support levels when bullish patterns emerge.
- Sells near resistance levels when bearish patterns dominate.
- Trails stop-loss using ATR-based logic for maximizing profits while safeguarding gains.

Advantages of Price Action EA V1.0 MQ5

No Need for Indicators:
Eliminates lag by focusing entirely on raw price data.
Adaptable:
Works across a variety of market conditions, ensuring flexibility.
User-Friendly:
Easy to customize parameters like lot size, risk percentage, and trading hours.

Why Choose the Price Action EA Source Code V1.0 MQ5?

Transparency: Access the MQ5 source code for full control over the algorithm.
Flexibility: Modify and optimize for your specific trading style or backtesting needs.
Cost-Effective: Works efficiently even with a small initial deposit.

Conclusion

The Price Action EA Source Code V1.0 MQ5 is a robust solution for traders who value simplicity and efficiency. By leveraging price action strategies, this EA provides reliable performance while ensuring full control with its open-source code.

Get Started Now!

Don’t miss the opportunity to enhance your trading experience with this cutting-edge tool. Equip yourself with the Price Action EA Source Code V1.0 MQ5 and take control of your trading journey today!