EA Goofy MT5
Goofy MT5- Forex trading advisor based on Elliott Wave Theory. It is an automated system that helps traders analyze the market and make trading decisions without personal intervention. To do this, the Expert Advisor uses Elliot Wave Theory to determine entry and exit points for trades to maximize the efficiency of market movements.
The Expert Advisor has built-in functions:
Time Filter.
Grid step multiplier system.
Virtual orders.
Breakeven point.
News filter.
Goofy Expert Advisor with strategies - 7thlab - WAVE THEORY - This is not just a trading advisor.
It is a whole ecosystem of 7thlab related to the $GFC coin.
Key feature
Elliott Wave Theory Analysis:
The EA analyzes market data using Elliott Wave Theory to determine the current market phase and predict future price movements. This allows you to more accurately identify market entry points.
Orders pending:
Once an entry point is determined, the EA automatically creates a pending order for price correction. This allows the trader to get the maximum profit from the signal, as the order will be executed at a more favorable price.
High volatility news filter:
The EA includes a news filter that monitors micro and macroeconomic events that can cause high market volatility. This helps to avoid trading during periods of high uncertainty and reduces risks.
Automatic lot system:
The Expert Advisor automatically calculates the lot size based on the deposit size and the risk level set by the trader. This optimizes money management and minimizes risks.
Order Grid:
The Expert Advisor uses an order grid to maximize profits from price pullbacks. This means that if the price goes in the opposite direction, the EA will open additional orders to take full advantage of market fluctuations.
Accurate market entry:
Using Elliott Wave Theory allows you to identify more precise market entry points, increasing the probability of successful trades.
Profit maximization:
Creating pending orders and using a grid of orders helps maximize profits from market movements, even if the price temporarily moves in the opposite direction.
News risk protection:
A high volatility news filter helps avoid trading during periods of high volatility, reducing risk and protecting trader capital.
Automation and convenience:
The automatic lot system and automatic order management allows the trader to minimize manual intervention and errors, making trading more convenient and efficient.
Conclusion
EA Goofy trading advisor, based on Elliott Wave Theory, is a powerful tool for traders seeking to make the most of market movements and minimize risks. By automating processes and using advanced analysis methods such as Elliott Wave Theory, this EA allows traders to achieve high results and get stable profits in the Forex market.