👍 Forex Expert Advisor free EA for MT4-MT5: Envelope Scalping Martingale - F4N EA06

Forex Expert Advisor free EA for MT4-MT5: Envelope Scalping Martingale. F4N EA06

DOWNLOAD EA MT4, MT5
https://forex4newbiesblog.blogspot.com/

EA name: F4N EA06

EA Strategy: Envelope Scalping, martingale lots position when the first order had lost until getting the win, the lot position will set up to lot initial again.

EA Conditions:

Buy: Candle closed above the envelope upper band. Close position when the price hits SL.

Sell: Candle closed below the envelope lower band. Close position when the price hits SL.

Money management: start the lot initially at 0.01 when depositing 10,000 USD. Martingale lots multiplied = 2.

Backtest: 2019-2022, Net Profit 210%, Drawdown 25.5%

Platform: MT4, MT5

Broker: FBS

Account: USD Cent

Currency: EURUSD

Time frame: H1

Initial deposit: 10,000 USDcent
Install the EA and run with the default setting.
-------------------------------------------------------

Please remember that most Forex EA on the internet is not secure enough and can put your trading account at high risk. A Forex EA can certainly do things that a human cannot do.

They can be programmed to monitor multiple currency pairs at the same time and execute trades based on certain algorithms. They are not going to be influenced by emotions but we humans have to deal with emotions effectively for successful trading. But any Forex EA can go wrong when there is an unexpected change in the market.

So Yes, Forex EA can work to some extent but they cannot completely replace human traders. You cannot let a robot trade for the rest of your life… There are two things to remember when using Forex EA. You will have to spend a lot of time finding robots that actually work based on your style or the profit you want. There are countless products in the market and a lot of them are scams. You should monitor the market and do fundamental analysis all by yourself. A robot cannot do that. You should be able to guess when the robot forex can go wrong, based on the situation in the market, and just stop its work for the time being.

A Forex EA is like an accessory. You can use them at certain times but you cannot completely rely on them. With careful monitoring, you can make use of them to your benefit. If you are aware of both the pros and cons and know how to choose a good one from thousands of products available in the market, then it should not be a problem.

These Forex EAs in this blog are all programmed by experienced traders. But you must first use the Strategy Tester to optimize them according to your trading style. After you have any of the Forex EA, just copy and paste it into the MQL4/Experts, restart Metatrader and you are good to go. All Forex EAs in this blog are FREE for Download.
Warning - Disclaimer
⚠️ Forex trading is always risky whether you trade manually or use trading robots. You may even lose all of your investment amounts. Make sure you understand that well before investing.
⚠️ Invest with capital so that if you lose it, it will not affect your life. Do not borrow money to invest in Forex.
⚠️ Forex is not suitable for students, unemployed people who want to earn money to live daily, and people who want to get rich quickly.
⚠️ If you want to make money from trading forex with EA. Please follow the procedure:
⚠️ Please Do Follow 👉 Back Test 👉 Forward Test (demo) 👉 Forward Test (real) 👉 REAL ACCOUNT

#forex4newbies
#F4N
#mt5
#mt4ea
#forex
#eaforex
#expertadvisor
#forextradingstrategies
#forextrading

Видео 👍 Forex Expert Advisor free EA for MT4-MT5: Envelope Scalping Martingale - F4N EA06 канала Forex4Newbies