PLEASE READ ALL BEFORE USING THE EGCXMONEYSTARTER
THIS IS NOT TRADING ADVICE AND YOU SHOULD USE A DEMO ACCOUNT UNTIL YOU ARE HAPPY TO GO LIVE. THE PAIRS AND LOT SIZES ARE RECOMMENDATIONS MENTIONED ON HERE ARE OF OUR OPINIONS AND ARE NOT TRADING ADVICE. PAST RESULTS CANT GUARANTEE OR PREDICT FUTURE RESULTS.
If you would like full access to the settings of this software please purchase the full version of which is the EGCXMONEYMAKER
EGCXMONEYSTARTER is set to the following:
- 0.5% daily profit target.
- Fridays trading turned off.
- Max pairs traded 3.
ALl these settings and more can be changed in the full file.
This EA uses 3 indicators to find entries on the pairs opened. RSI-Stochastic-Bollinger Bands So basically its a scalper when price has sudden spikes in the oversold and overbought conditions.
Risk management is very important so we recommend 0.01 lot size per 500 in account, £250 minimum to start (using 1-2 pairs) an account. You can start with lower but use one pair only until you build up. WE RECOMMEND STARTING WITH AT LEAST £250 WITH 1 PAIR.
Increment size needs to be 0.01 or 0.02.
Lot sizes per account size. This is just what we suggest. We hold no responsibility for any losses or mis calculations!
PAIRS YOU USE ARE YOUR RESPONSIBILITY. WE HOLD NO RESPONSIBILITY FOR ANY LOSSES. YOU SHOULD ALWAYS DEMO UNTIL HAPPY.
Conservative - 1/2 pairs of - EURCHF/EURCAD/CADCHF
Medium - 2-4 Pairs of - EURCHF/EURUSD/EURCAD/CADCHF
Higher Risk - 6-8 pairs - EURCAD/EURUSD/EURCHF/CADCHF/EURJPY/USDCAD/??? (your decision)
This EA will trade a maximum of 3 pairs at one time. But you can have as many pairs as you want running the software.
This EA has on screen information:
Server Time: This is the time and date that the EA uses for the ‘Daily Profit’ and the ‘Trade Friday’ functions. This could be different from the time zone you are currently in so check you are happy with the difference before setting these functions on.
Total Daily Profit: This is the total profit on your account (including all pairs) from midnight (server time)
Current Trades On This Chart: This adds up all the profit/loss of the currency symbol on the current chart (not all open charts).
Profit Required To Close These Current Trades: Once the value in ‘Current Trades On This Chart’ reaches the value shown here then all the trades on this chart will close. This value may change as more positions open.
Current Number Of Pairs: This is the current number of pairs open on your account currently. This is used by the EA to work out if it can open new trades on extra pairs depending on your user input settings.
Settings you can change:
Starting Lot Size: The lots size of the first position the EA will open on the current chart.
Increment Size: The value that gets added onto the next opening position lot size. Start with 0.01 or 0.02 for small accounts.
Margin required: You can change the margin level, to adjust for trading conditions. Set to true to stop any new trades being placed when margin has reached a level.