EA Pump and Dump for MT5

The EA Pump and Dump for MT5 Expert Advisor is a fully automated trading advisor created by a trader for traders. The strategy behind this EA is to buy assets at a lower price and sell them at a higher price. It takes advantage of significant price movements in the market and enters trades based on these signals.

Strategy Logic

The basic idea behind the Pump and Dump strategy is to buy assets at a lower price when the price falls and sell them at a higher price when the price rises. This strategy capitalizes on the price rollback that often occurs after sharp price movements in the market, known as hairpins. The EA identifies moments of strong growth or fall in prices and enters the market based on these signals.

The EA’s strategy is based on an algorithm that identifies overbought and oversold zones of an asset by analyzing the percentage price change using the iPump indicator. This indicator estimates the level of overbought or oversold of an asset, and based on this, the EA identifies the most optimal buy/sell zones of a traded instrument and enters into the market.

The EA also includes several advantages such as a built-in mechanism for risk management, control of trading stop time, and instant notifications of the account’s state to a mobile phone using Push messages. It also has a mechanism for multiplying profits if the price follows the trend.

Input Parameters

The EA Pump and Dump for MT5 has several input parameters that can be customized according to the trader’s preferences. These parameters include the percentage change in the iPump indicator, the use of profit multiplication, two-side opening of positions, initial lot size, take profit value, distance and step distance of orders, and more. It also has risk management settings, such as the maximum allowable drawdown and the option to delete orders if the drawdown is exceeded.

General Recommendations

The advisor can be installed on any time frame, and the price analysis takes place inside the advisor’s code. It is recommended to use a lot size of 0.01 for every $1000-$2500, depending on the risk. The recommended deposit is from $25 on a cent account or from $2500 on a real account for a 0.01 starting lot. The EA can be used on currency pairs such as EURUSD, EURJPY, CADJPY, USDJPY, EURAUD, AUDNZD, GBPCHF, and other flat pairs.

It is important to change the value in the Magic number when using the Expert Advisor on several pairs.

FAQ

Can I watch independent testing of this product?

Yes, you can watch independent testing of this product on the forexroboteasy.com website. They provide detailed testing results and updates on the performance of this EA.

Can I share my experience of using this product?

Absolutely! We encourage users to share their experience of using this product. Feel free to leave your feedback and insights on the forexroboteasy.com website or other trading forums.

Please note that this review is an independent evaluation of the EA Pump and Dump for MT5 Expert Advisor. It is not affiliated with any specific company or individual. The purpose of this review is to provide traders with an objective analysis of the product’s features and capabilities.