Unlock Automated Forex Trading with Tsonoqua FT EA
Overview
The Tsonoqua FT EA is a fully automated trading solution designed to analyze market conditions using a grid system based on Price Action principles. It aims to minimize drawdowns and maximize profitable trades without relying on traditional indicators. This EA operates seamlessly on seven major currency pairs, providing traders with a comprehensive tool for their trading strategies.
Recommended Settings
- EA Name: Customize the order comment.
- MagicNumber: Assign a unique identifier to EA’s orders.
- Slippage: Set slippage tolerance in pips (recommended range: 0 to 3).
- TakeProfit_: Define the Take Profit level in pips.
- StopLoss_: Set the Stop Loss level in pips.
- Grid_Step: Determine the grid step in pips.
- MaxTrades: Specify the maximum number of simultaneously open positions.
- Risk: Set the risk per trade for automatic lot size calculation (recommended range: 1 to 5).
- UseEquityStop: Enable or disable Equity Stop.
- TotalEquityRisk: Define the total equity risk.
- UseTrailingStop: Enable or disable trailing stop.
- TrailStart: Set the trailing start in pips.
- TrailStop: Define the trailing stop in pips.
These settings allow for tailored risk management and trading preferences, ensuring the EA aligns with individual trading goals.
Minimum Deposit
A minimum deposit of $1,000 is recommended to ensure optimal performance and risk management when using the Tsonoqua FT EA.
Timeframe
The EA operates on the H1 (hourly) timeframe, providing a balanced approach between short-term and long-term market movements.
Currency Pairs
The Tsonoqua FT EA is compatible with the following major currency pairs:
- EURUSD
- GBPUSD
- USDJPY
- USDCHF
- AUDUSD
- NZDUSD
- USDCAD
These pairs are known for their liquidity and volatility, making them suitable for the EA’s trading strategy.
Key Features
- Fully Automated Trading: Operates without manual intervention, executing trades based on predefined criteria.
- Price Action-Based Analysis: Utilizes a grid system grounded in Price Action principles to assess market conditions.
- Risk Management: Incorporates features like Stop Loss, Equity Stop, and Trailing Stop to manage risk effectively.
- No Martingale Strategy: Avoids the use of martingale, focusing on a grid system without increasing lot sizes.
- Multiple Currency Pair Support: Compatible with seven major currency pairs, offering diverse trading opportunities.
Strategy
The Tsonoqua FT EA employs a grid trading strategy based on Price Action principles. It analyzes current market conditions to open a series of orders without increasing lot sizes, aiming to close as many profitable orders as possible while preventing significant drawdowns.
How It Works
- Market Analysis: The EA assesses the current market situation using a grid system based on Price Action principles.
- Order Placement: It opens a series of orders without increasing lot sizes, adhering to the grid strategy.
- Risk Management: Utilizes Stop Loss, Equity Stop, and Trailing Stop features to manage risk and protect the account.
- Profit Realization: Aims to close as many profitable orders as possible, contributing to overall account growth.
This systematic approach allows the EA to adapt to various market conditions, providing a robust trading solution.
Conclusion
The Tsonoqua FT EA offers a comprehensive and automated trading solution for Forex traders. Its reliance on Price Action principles, combined with effective risk management features, makes it a valuable tool for those seeking to enhance their trading strategies. By operating on multiple major currency pairs and the H1 timeframe, it provides flexibility and adaptability to diverse market conditions.
Instant Download : https://www.fxcracked.org/product/tsonoqua-ft-ea-v1-0/
Telegram Link :https://t.me/+gt2SSOCd8EBjMWZl
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