If you’re seeking an expert advisor (EA) that delivers precision and effectiveness, the Regal Spear EA V1.1 MT4 could be your ultimate solution. Designed for the MT4 platform, this EA is known for its sharp strategy, robust risk management, and adaptability to various market conditions. Below, we’ll delve into its key features, minimum deposit requirements, the ideal time frame, and currency pairs to trade. We’ll also explain how the EA executes its trades to optimize profit potential.

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Key Details

• Minimum Deposit: $200
• Time Frame to Run: M15 (15-minute)
• Suitable Currency Pairs: EURUSD, GBPUSD, USDJPY

How Regal Spear EA Takes Trades

The Regal Spear EA is built around a strategic blend of technical indicators that identify trend reversals and momentum shifts. Here’s how the strategy works:

1. Technical Indicator-Based Strategy

• Moving Averages (MA):
  The EA employs moving averages (typically 20-period and 50-period) to gauge trend direction. When a short-term moving average crosses above a long-term moving average, it signals a potential buy trade; conversely, when it crosses below, the EA may initiate a sell trade.
• Relative Strength Index (RSI):
  The RSI is used to assess overbought or oversold conditions. When the RSI value dips below 30, the EA recognizes an oversold scenario and may enter a buy trade. If the RSI is above 70, signaling overbought conditions, it prompts the EA to execute a sell trade.

2. Breakout Strategy

• The Regal Spear EA closely monitors support and resistance levels to capture market breakouts. When the price breaks through a key resistance level, the EA triggers a buy position, while a break below support initiates a sell position.
• This breakout method is particularly useful in volatile market conditions, allowing the EA to capitalize on sudden price movements.

3. Risk Management

• Stop Loss and Take Profit:
  The EA incorporates predefined stop-loss (SL) and take-profit (TP) levels based on market volatility and risk tolerance. Generally, the stop-loss is set at 20-30 pips to minimize risk, while take-profit ranges from 50 to 100 pips, depending on the currency pair.
• Position Sizing:
  Regal Spear EA uses dynamic lot sizing, adjusting trade volume based on account balance and risk percentage. This ensures efficient risk management and mitigates the chance of large drawdowns.

4. Martingale and Grid Features

• This EA does not rely heavily on risky strategies like martingale or grid systems, which makes it a safer option for long-term trading. Instead, it sticks to calculated entries and exits based on strong technical foundations.

5. Trade Management

• Trailing Stop:
  As soon as the EA secures some profit, a trailing stop is activated. This ensures that even if the market reverses, the EA locks in a portion of the gains.
• Partial Close:
  For trades that move significantly in the intended direction, the EA is programmed to close a portion of the position, reducing exposure while securing profits.

6. Trade Timing

• Regal Spear EA performs best in volatile market hours, particularly during the London and New York trading sessions. This EA avoids low-volatility periods to minimize slippage and ensure effective execution.

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Summary of Trade Execution Strategy

Strategy Component	Details
Indicators	Moving Averages, RSI
Trade Signals	MA Crosses, RSI Overbought/Oversold
Breakout Triggers	Support and Resistance Breaks
Risk Management	Stop Loss, Take Profit, Trailing Stop
Lot Sizing	Dynamic based on account balance
Session Preferences	London and New York sessions
Strategy Focus	Technical, no Martingale or Grid risks

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Get Regal Spear EA V1.1 MT4

You can access the Regal Spear EA V1.1 MT4 through our official channels. Join us on Telegram for more information: https://t.me/yoforexrobot.

This EA is designed to work with precision and consistency, leveraging technical indicators and market conditions to achieve optimized results. Whether you’re a beginner or an experienced trader, the Regal Spear EA can adapt to your trading needs.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀

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