Forex market analysis has become increasingly sophisticated over the years, necessitating the use of innovative tools such as Blue Rider MT4 EA. This expert advisor (EA) leverages the signals from the Normalized Trend Reversal Multi Time Frame Indicator (NTR MTF Indi MT4), creating a robust and efficientforex trading tool.
How Does Blue Rider MT4 EA Work?
The Blue Rider MT4 EA is a forex trading tool that employs a crossover of two modified moving average systems to generate trading orders. This strategy is derived from the NTR MTF Indi MT4, a system that creates signals for optimal trading opportunities.
Blue Rider EA is a versatile tool suitable for trading different asset classes, including forex currency pairs, indexes, metals, and cryptocurrencies. The tool trades the first order and establishes a grid upon receiving the next signal from the NTR MTF Indicator. Blue Rider EA also provides visual representation of profits by plotting individual trades or sequences directly on the chart and connecting entries with exits using dashed lines.
What are the Trading Requirements for Blue Rider EA?
The Blue Rider EA has specific general requirements for optimal operation. These include a minimum account size of 3000 USD for trading 3-5 pairs with the lowest starting lot of 0.01, leverage of 1:500, and compatibility with raw spread accounts and low latency VPS.
The Blue Rider EA is not suitable for netting accounts and ESMA leverage restrictions. While it is compatible with various broker accounts, it has been optimized with the ECN data feed of the Roboforex broker, and this ECN account is recommended for achieving the best results.
What are the Key Parameters of Blue Rider EA?
The Blue Rider EA has several configurable settings that users can adjust to suit their trading strategies and risk profiles. These include:
General Settings: Enable Buy and Sell trades, set a unique Magic Number identifier, and add a custom Comment.
Entry Settings: Set the Lot Base, Minimum Grid Distance, Lot Multi, and Lot Sum.
NTR MTF Indi Settings: Define the Timeframe, Normalization Level, Overbought Level, and Oversold Level.
Exit Settings: Configure the Minimal Profit Target, Increase Profit factor, and Target ATR Multi.
Emergency Management: Set the Max Lot, Close in Equity Loss, SL in Money, and Close in Profit after x-Trades.
Independent Testing and Updates
For users interested in seeing the Blue Rider MT4 EA in action before deciding to use it, independent testing of this product is available on the forexroboteasy.com website. Additionally, users can subscribe to updates on the results of testing this product.
Sharing Experiences with Blue Rider EA
If you have used the Blue Rider MT4 EA, you are encouraged to share your experiences. Your insights could be invaluable to other traders looking to enhance their forex trading strategies with this advanced tool.
FAQ
What is the Blue Rider MT4 EA? The Blue Rider MT4 EA is an expert advisor tool for forex trading. It generates trading orders based on signals from the Normalized Trend Reversal Multi Time Frame Indicator. What are the requirements for using the Blue Rider MT4 EA? A minimum account size of 3000 USD, leverage of 1:500, and compatibility with raw spread accounts and low latency VPS are among the general requirements. Can I adjust the settings of the Blue Rider MT4 EA? Yes, the Blue Rider MT4 EA has several configurable settings that users can adjust to suit their trading strategies and risk profiles. Where can I see independent testing of the Blue Rider MT4 EA? Independent testing of the Blue Rider MT4 EA is available on the forexroboteasy.com website.
Overall, the Blue Rider MT4 EA is a highly configurable and versatile forex trading tool. With a range of customizable parameters and the ability to work across a range of asset classes, it offers valuable support to any trader looking to optimize their forex strategies.
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