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Overview of EA Ambrosia MT5
EA Ambrosia MT5 is a versatile trading robot designed to capitalize on various price levels and trading strategies. This expert advisor is particularly known for its ability to trade multiple significant levels in price, making it a robust tool for both novice and experienced traders.
Key Features
Enters trades using different price levels with 26 entry conditions.
Trade entry options include R1, R2, R3, S1, S2, S3, Fibonacci points (0.23, 0.38, 0.5, 0.68, 0.78), Fibonacci Zone, Institutional/Quarter Point levels (000, 200, 250, 500, 750, 800).
Optional function to filter entries by different timeframes trend.
Multiple ways to control and manage trades, with or without grids.
Compliant with the FIFO rule.
Equity limits and alerts.
Wide spread and slippage protection.
Drawdown reduction function.
Automatically adjusts Fibonacci direction according to price action.
Customizable line types, colors, and styles for on-chart indicators.
Recommendations
Pairs: No Grid - EURGBP, Grid - GBPUSD.
Timeframe: No Grid - 1HR, Grid - 15M.
Account: Reliable ECN broker with a minimum of $1500 and 1:500 leverage for grids, and a minimum of $100 for non-grid settings.
Input List
Entry Condition
Filter Using Trend
Trend Timeframe
Line Mode
Line Length
Show Central Pivot Range
Show Fibonacci Levels
Show Pivot Points
Show Labels
Show Prices
Show CPR Rectangles
Show On Chart Panel
Draw BE Line
BE Line
Allow Hedge Trades
Allow New Cycle
Max Spread
Max Slippage
Max Lot Size Allowed
Max Buy & Sell Trades Allowed
Only Open Trades Above Free Margin
Close Trades If Equity Drops Below
STOP Trade Before Weekend
SKIP Monday Market Open
Limit Trade Hours
Start Hour
Stop Hour
Base Lot
Multiplier
Stop Loss - In pips
Take Profit - In pips
Auto Money Management
Auto Risk Percent
Use Grid
PipStep Method
Dynamic Step Timeframe
ATR Period
IF Fixed Pipstep
Use Trail Take Profit
Use Trailing Stop
Trail Start From
Move Trail Stop To
Trail Step
Use Auto Close
How Much Profit
AutoClose Mode
Multiply Profit By Open Trades
Use DD Reduction
Reduce After
Amount To Function
000 Style
000 Width
000 Color
200/250 Style
200/250 Width
200/250 Color
500 Style
500 Width
500 Color
800/750 Style
800/750 Width
800/750 Color
Central Pivot
Central Pivot Range
CPR Rectangles
CPR Line Style
CPR Line Width
Pivot Points Style
Pivot Points Width
Support
Resistance
Fibonacci Style
Fibonacci Width
Fibonacci 0
Fibonacci 23
Fibonacci 38
Fibonacci 50
Fibonacci 61
Fibonacci 78
Fibonacci 1
Conclusion
EA Ambrosia MT5 is a comprehensive trading tool that provides traders with a multitude of options and settings to optimize their trading strategies. Its ability to adapt to various market conditions and its extensive customization options make it a valuable asset for any trader looking to enhance their trading performance. 🌟📈
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