Mood EA mt5

The Mood EA mt5 is a trading software that operates on the MT5 platform. It is designed to leverage the power of the Momentum indicator, a leading indicator in forex trading. This advisor taps into the ‘mood’ of traders by identifying oversold or overbought conditions in the market. This review delves into its features, settings, and trading strategy to provide a comprehensive understanding of its functionalities.

Understanding the Mood EA mt5

The Mood EA mt5 is a unique trading software that uses the Momentum indicator to make trading decisions. It is designed for a hedge type account, allowing it to buy and sell in both directions. It is essential to contact the provider after purchase to get the settings and a personal bonus.

Trading Strategy and Market Analysis

The advisor’s trading strategy involves identifying oversold or overbought conditions in the forex market. It then capitalizes on these conditions by catching the ‘mood’ of traders. It is also equipped with a drawdown reduction algorithm, which is activated from a specific order number and operates based on a percentage of profit when closing orders in drawdown reduction mode.

Key Features and Settings

One of the standout features of the Mood EA mt5 is its support for manual orders. This feature allows traders to have control over their trades. It also has an automatic lot calculation feature, which can be turned on or off. The software also comes with a ‘Lot multiplier’ for subsequent orders, and traders can set the take profit (TP) and stop loss (SL) in pips.

The software also has a trailing stop feature, which can be activated at a set distance from the price. The dynamic distance between orders can be adjusted, and there is a fixed distance feature as well. The software also allows traders to set the time for opening the first order and the maximum lot and spread for the advisor.

Finally, the software uses a special number, referred to as ‘Magic,’ to assign to its orders. The Momentum indicator period, as well as the readings above which the EA sells (Up Level) and below which it buys (Down Level), can be adjusted.

Independent Testing and Updates

Traders can watch independent testing of the Mood EA mt5 on the forexroboteasy.com website. They can also subscribe to updates on the results of testing this product. This provides an opportunity for users to make informed decisions about the software based on its performance.

FAQs

Does the Mood EA mt5 support manual orders?
Yes, the Mood EA mt5 supports manual orders, giving traders more control over their trades.

What is the ‘Magic’ number in the Mood EA mt5?
The ‘Magic’ number is a unique number that the Mood EA mt5 assigns to its orders.

Can I watch independent testing of the Mood EA mt5?
Yes, independent testing of the Mood EA mt5 can be viewed on the forexroboteasy.com website.

We invite readers to share their experience of using the Mood EA mt5. This is an independent product review, and we welcome all insights and opinions.