Forex EA Name: Wave (Sea Anemone 1) Morning Scalping Forex EA
This EA is designed for early morning scalping strategy, fully automated, with internal automatic intelligent closing or stop-loss. The average holding time for positions is 2-3 hours. It utilizes the principle of small volatility in the early morning to generate modest profits through minor oscillations. It relies on accumulating small gains over time.
The EA can be configured to open positions during a specified time, with the default being 21:00 to 01:00 on the platform. It is recommended not to run the EA on Fridays to avoid potential market gaps in Monday morning trading, which often occur due to significant news and data releases on Fridays.
Strategy Type: Early Morning Scalping EA Strategy
File Format: Unrestricted ex4
Currency Pairs: EUR/USD, AUD/USD, GBP/USD, USD/CAD, USD/CHF
Primary Timeframe: M15
Initial Capital: $100
Annual Return: ≥200%
Maximum Drawdown: 15% (manageable with manual intervention)
Forex EA Installation Steps:
After purchase, copy the Ex4 file to the MQL4/Experts directory in your MT4 platform.
Restart the MT platform (or in MT4, go to 'View' -> 'Navigator' -> right-click 'EA Trading' -> Refresh).
Start by opening the currency pair and dragging the strategy onto the chart. You don't need to open charts for other currencies.
There is no 100% accurate trading system in the world. Any excellent trading system also has periodic flaws. Having more reference signals is equivalent to having more guidance and suggestions. Wishing everyone success!
