Forex trading platforms have evolved to offer a variety of tools and strategies for investors. Among these, the โKeep Sleeping MT4โ stands out as a unique tool for Forex traders. This Expert Advisor (EA) focuses on night-time trading, capitalizing on the predictability and calm of the forex market after dark for stable profits.
The Mechanics of the โKeep Sleeping MT4โ
The EA operates during the night, typically from 22:00 to 3:00 GMT 2( 3). It has a small profit target, averaging around 30 points for EUR/USD. It is designed to perform optimally with a broker that offers a good balance between spread and commission and provides stable quotes at night.
Interestingly, the โKeep Sleeping MT4โ does not require a hefty deposit to start. A modest $100 or even less is sufficient to kick off trading activities, making it accessible to a wide range of investors. Furthermore, it doesnโt necessitate a high-speed machine with low latency to a trading server.
Advantages of Multi-Instrument Trading
One of the unique aspects of โKeep Sleeping MT4โ is its recommendation for trading on multiple instruments simultaneously. This approach not only has the potential to increase profits but also smoothens the profit curve, making for a more stable trading experience.
Key Features of the โKeep Sleeping MT4โ
Aside from its night-time trading focus, the โKeep Sleeping MT4โ has several other notable features. It always operates on the M5 timeframe, regardless of the actual timeframe itโs set on. It also offers a flexible adjustment of its working time and requires a minimum of settings.
The EA is capable of multicurrency trading, which is implemented by setting up several copies of the EA on separate charts. It uses limit orders and employs a money management strategy with fixed lots or volume calculated based on a portion of the balance.
Risk management is another key feature of this EA. It employs a safe Stop Loss (SL) that defends from spread widening or spikes, and a Trailing Take Profit (TP). Most losses are recorded at the tightened TP until the SL is reached. The EA does not use martingale strategies, further enhancing its risk management capabilities.
Customizable Settings for Individual Trading Needs
โKeep Sleeping MT4โ offers customizable settings, allowing traders to tweak the EA to fit their individual trading needs. Parameters such as open price deviation ratio, take profit ratio, and working time string can be adjusted. Furthermore, traders have the option to set stop trading intervals, the time at which all open positions must be closed, and the balance level at which trading activities should be halted.
FAQ Section
What is the โKeep Sleeping MT4โ?
The โKeep Sleeping MT4โ is an Expert Advisor (EA) designed for trading on the Forex market during the night-time hours. It aims to capitalize on the stability of the forex market during these hours for steady profits.
What are the requirements for using the โKeep Sleeping MT4โ?
This EA does not require a large deposit or a high-speed machine. However, it is recommended to use it with a broker that provides stable quotes at night and a good balance between spread and commission.
How does the โKeep Sleeping MT4โ manage risk?
The EA uses a safe Stop Loss (SL) to defend from spread widening or spikes, and a Trailing Take Profit (TP) for profit protection. It does not use martingale strategies.
To see independent testing of the โKeep Sleeping MT4โ, visit the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. If you have used this EA, we invite you to share your experiences. Please note that this is an independent product review, and the text is written from a neutral perspective, without any affiliation to the product.
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