Yarukami Mnukakashi EA is a fully automated trading advisor designed for Forex traders seeking an efficient, hands-free solution. By leveraging advanced technical indicators and customizable strategies, this EA offers a structured and dynamic approach to managing trades, making it a valuable tool for traders of all experience levels.
Key Features of Yarukami Mnukakashi EA
1. Advanced Algorithm
The EA employs a combination of powerful technical analysis tools, including:
- Moving Averages: To identify trends and smooth out price action.
- Bollinger Bands: For measuring market volatility and identifying potential entry points.
- Momentum Indicators: To gauge the strength of price movements and pinpoint opportunities.
2. Versatile Strategy
- Operates on a 24-hour trading cycle, maximizing opportunities across various sessions.
- American Session Warning: It is advised to avoid trading during the American session due to higher volatility.
- Daily Profit Target: Recommended to aim for a daily take-profit target of $30-40 per 0.01 lot size.
- Flexible trading direction: Traders can choose to operate in one direction or both simultaneously, providing adaptability to market conditions.
3. Risk Management Features
- Forced Order Closure: Automatically closes all open trades at the end of the specified trading period, preventing trades from being left open indefinitely.
- Martingale Strategy: The EA incorporates martingale, a strategy that increases lot sizes after a loss to recover previous losses. While this can boost profitability, it also elevates risk, necessitating cautious usage.
4. Customizable Settings
- The EA allows users to adjust strategy parameters to align with their trading preferences and risk tolerance.
- This flexibility ensures adaptability to changing market conditions and individual trading goals.
5. User-Friendly Interface
- Enhanced Chart Visualization: The EA provides a distinctive chart style with an informative panel, offering clear insights into market data and trading performance.
Recommendations for Yarukami Mnukakashi EA
Account Size:
- Although testing shows it works on a $500 deposit, it’s recommended to use a minimum $3000 balance or an equivalent cent account for better risk management when using the martingale strategy.
Optimal Trading Instrument:
- Best performance on XAUUSD (Gold), though it is compatible with other currency pairs.
Timeframes:
- Performs consistently across all timeframes, offering flexibility for various trading styles.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness