EA Magic Sand MT4

Overview of EA Magic Sand MT4

EA Magic Sand MT4 is a versatile and user-friendly Expert Advisor designed for the MetaTrader 4 platform. It is tailored to work with various currency pairs and timeframes, providing traders with a robust tool for automated trading. The EA is equipped with several features to enhance trading efficiency and minimize risks.

Key Features

• Supports multiple currency pairs including EURUSD, GBPUSD, NZDUSD, AUDUSD, AUDJPY, USDCHF, and XAUUSD.
• Compatible with timeframes M15 and H1 for safer trading.
• News filter to avoid trading during high-impact news events.
• Trend filter to align trades with the prevailing market trend.
• Equity stop feature to manage drawdowns effectively.
• Trailing stop functionality to lock in profits.
• Daily profit target to stop trading once the target is achieved.
• Customizable settings for buy and sell trades, series opening, and entry reversals.

Trading Strategy

EA Magic Sand MT4 employs a combination of technical indicators and custom algorithms to identify trading opportunities. The EA can be configured to trade in both directions or in a single direction based on user preferences. It uses a series of entries with fixed distances and can reverse trades based on indicator signals. The strategy is designed to adapt to different market conditions, ensuring consistent performance.

Settings and Configuration

• Trade Buy: Enables or disables buy orders.
• Trade Sell: Enables or disables sell orders.
• Open New Series: Controls whether the EA opens new series of trades.
• First Entry: Configures the first trade entry with options for reversing the trade direction.
• Second Entry: Configures the second trade entry with options for reversing the trade direction.
• Third Entry: Configures the third trade entry with options for reversing the trade direction.
• Equity Stop: Sets a drawdown limit to close trades and stop trading.
• Daily Profit Target: Sets a profit target to stop trading once achieved.
• Trailing Stop: Configures trailing stop parameters to secure profits.
• News Filter: Pauses trading during high-impact news events.

Requirements and Recommendations

• Minimum deposit: $500 for standard accounts, $100 for cent accounts.
• Recommended leverage: 1:500.
• Use with ECN or low-spread accounts for optimal performance.
• VPS with low latency (<20ms) is recommended for uninterrupted trading.
• Ensure the broker supports the required currency pairs and timeframes.

User Reviews and Feedback

EA Magic Sand MT4 has received mixed reviews from users. Some traders appreciate its safety and low drawdown, while others find it too slow for their trading style. Here are some user comments:

• "The EA is very safe but slow. It works accurately but needs more polish." - Patrick Drew
• "Great product, works as expected. Essential for maintaining a solid account." - Javi Salvador
• "The robot works well but needs a trailing stop to lock in profits." - Cybergodgh

Conclusion

EA Magic Sand MT4 is a reliable and customizable trading robot suitable for traders who prioritize safety and consistency. While it may not be the fastest in terms of profit generation, its robust features and adaptability make it a valuable tool for managing trades and minimizing risks. With proper configuration and usage, it can be an essential part of a trader's toolkit. 🚀📈