The Supply and Demand EA is a sophisticated trading solution based on supply and demand principles. Designed for flexibility, it caters to all trading styles—day trading, swing trading, or scalping. With its blend of automation and manual control, this bot simplifies trading while allowing customization to match your preferences.
Key Features
- Automatic and Manual Trading
- The EA automatically identifies and trades supply and demand zones based on predefined criteria.
- For traders who prefer more control, it also enables manual trading. You can initiate trades by clicking zone labels on the chart.
- Adaptable to All Trading Styles
- Whether you’re a day trader, swing trader, or scalper, this EA supports your preferred approach.
- The customizable trading panel allows you to select timeframes and set Take Profit (TP) and Stop Loss (SL) levels to suit your strategy.
- Multi-Timeframe Trading
- The EA facilitates seamless management of trades across various timeframes from a single interface.
- For instance:
- Day traders can analyze the 4-hour and daily charts.
- Swing traders can focus on weekly and monthly charts.
- Once you establish the trading direction, the EA handles the execution.
How It Works
The Supply Demand EA identifies and trades within supply and demand zones, using higher timeframe analysis to determine market bias:
- Market Bias Analysis
- Analyze higher timeframes (e.g., 4-hour, daily, weekly, or monthly) to set a directional bias.
- Based on this, choose:
- Buy Direction: The EA places long trades at demand zones.
- Sell Direction: The EA places short trades at supply zones.
- Trade Execution and Management
- Specify the timeframe for trading and adjust additional settings via the trading panel, such as:
- Trailing stops for dynamic trade protection.
- Half-profits and break-even levels for risk management.
- Filters for zone types and other parameters like price ranges or trend channels.
- Specify the timeframe for trading and adjust additional settings via the trading panel, such as:
Recommendations
- Account Size: The EA can operate effectively with as little as $100.
- Compatibility: It works with all asset classes, including Forex, indices, CFDs, and metals.
- Timeframes: Fully functional across all timeframes, allowing complete flexibil
Recommend running this free forex EA on a VPS (Vultr)Low Spread ECN account is also recommended Icmarket and Exness
