Cleopatra EA

Overview of Cleopatra EA

Cleopatra EA is a sophisticated trading robot designed for the MetaTrader 4 platform. It is crafted to read market elasticity and adapt dynamically to market conditions. This EA is versatile, allowing it to analyze entry ranges across different timeframes and ranges. Cleopatra EA is renowned for its ability to adapt to market recovery, making it a powerful tool for traders looking to navigate the Forex market with precision.

Key Features

• Supports multiple currency pairs, with EURUSD being the recommended pair.
• Operates on the M15 timeframe for optimal performance.
• One Chart Setup: Only one chart is needed to trade.
• Solid backtest and live performance results.
• No need to adjust GMT settings.
• Very easy to use with minimal instructions.
• Cheaper than many high-quality alternatives available in the market.

Installation and Requirements

• Attach the EA to any timeframe, with EURUSD being recommended.
• If your broker uses a suffix (e.g., EURUSD.a), update the names in the Symbol parameter in settings.
• Use recommended pairs only. No need for .set files as all settings are stored internally in the EA.
• Requires a hedging account.
• Not sensitive to spread and slippage, but a good ECN broker is advised.
• Should run on a VPS continuously.
• With 1:30 leverage, use low-risk settings on accounts less than $3000. With 1:100 leverage, significant risk settings can be used on a $700 account.

Market Adaptability

Cleopatra EA shines in its ability to adapt to market conditions. Its patterns are not fixed, allowing it to adjust to market recovery dynamically. This flexibility is crucial for working under the rules of any prop firm account or MFF. The EA can handle the entire market, making it a versatile tool for traders.

Risk Management and Settings

• Allow Opening a new Grid: On/off opening of new grids, not affecting already open grids.
• Lot-sizing Method: Auto calculate 1500 x 0.01 or fixed lot size.
• Maximum Spread: Maximal allowed spread in pips.
• Maximum Slippage: Max allowed slippage for non-ECN accounts.
• Allow Trading on Holidays: On/off Christmas/New Year trading filter.
• Maximum Drawdown Percent: Closes open positions if current floating drawdown exceeds the specified percentage.

User Reviews and Feedback

Cleopatra EA has received positive feedback from users, highlighting its effectiveness in passing trading challenges and its adaptability to various market conditions. Users appreciate the developer's communication and support, which adds to the overall positive experience with the EA. The EA's ability to handle market fluctuations and provide consistent results has made it a favorite among traders.

Conclusion

Cleopatra EA stands out as a robust and versatile trading robot in the Forex market. Its dynamic adaptability, ease of use, and solid performance make it a valuable tool for traders. With its comprehensive risk management settings and positive user feedback, Cleopatra EA is a reliable choice for those looking to enhance their trading strategies. 🌟📈