The BRENT Oil xbrusd ea mt5

Overview of The BRENT Oil xbrusd ea mt5

Key Features

• Traded Symbol: BRENT, UKOIL, or XBRUSD (Spot or Cash).
• Strategy: Based on Price Action, Smart Money Concepts (SMC), and Fibonacci.
• Single Limited Order: The EA sends a single limited order upon identifying the best opportunities.
• Automatic Lot Calculation: The lot size is determined automatically from the inputs.
• Safety: No use of Grid, Martingale, or Hedge strategies. Each trade is protected by a hard stop loss.

Installation and Setup

• Download the EA.
• Ensure all pairs (BRENT, UKOIL, or XBRUSD) are in the Market Watch (Ctrl+M).
• Open the BRENT, UKOIL, or XBRUSD chart on the H1 timeframe.
• Attach the EA to the chart.
• Adjust the parameters as needed.
• Click OK to activate.

Performance and Recommendations

• This EA generates few entries, so it is recommended to use it in conjunction with other Experts.
• For optimal performance, use a broker and account type that offers very low 'Spread', 'Freeze Level' equal to zero, and 'Stop Level' equal to zero.
• Recommended brokers include IC Markets, Tickmill, Pepperstone, XM Global, Zero Markets, FP Markets, or EigthCap.

Customization Options

• Magic Number
• Operation Mode (Fixed Lot or Target)
• Fixed Lot
• Target (USD)
• Reward/Risk (1/...) Ratio
• Comment

Commitment to Continuous Improvement

Conclusion