Description

Eldorado EA 1.0 MT4

The Eldorado Expert Advisor is based solely on the method of mathematical calculations, does not use indicators in its trading strategy and does not try to guess the direction of price movement. The multi-currency robot allows you to reduce trading risks due to diversification across a variety of currency pairs, while maintaining efficiency.

One can argue for a long time about the relevance of this approach in the forex market, but it works, as evidenced by monitoring in real time.

https://www.mql5.com/en/signals/1282745

ATTENTION! Eldorado trades at strictly specified time in GMT. Greenwich Mean Time offset in standard parameters GMT + 2 (in winter). If your broker’s time zone is different from GMT + 2, you should change the “GMT Offset” parameter to indicate the GMT of your broker (not your computer!). For example, if your broker has a GMT + 4 time zone, then set 4, if GMT – 3, then – 3. Indicate winter time.

This EA uses the averaging method in its trading strategy, so you need to use moderate money management and not overestimate the risks, as well as a minimum deposit (5000 units), it is possible to use a $ 50 cent account.

Download settings for currency pairs and backtest results: https://www.mql5.com/ru/blogs/post/747036

It is recommended to install the EA simultaneously on all charts of the supported currency pairs, which will provide diversification.

Specifications:

Platform: MT4 Timeframe: H1 Currency: EURUSD, EURGBP, EURCHF, USDCAD, AUDCAD, EURCAD, USDCHF (others when optimized) Type: Scalping Trading time: around the clock Minimum deposit: $ 5000 (or $ 50 on a cent account)