EA Golden Elephant is a trading advisor that relies on its own trend indicator. Here are some of the primary benefits of this advisor: offers a unique trend indicator that can help you better predict the direction of price movement in the market. Trading in the direction of the trend can be more successful because the EA is designed to capture opportunities based on the overall market movement. The adviser executes trades automatically, allowing you to avoid emotional decisions and ensuring that transactions follow established parameters. To efficiently manage risk and maintain the trader's cash, EA Golden Elephant comes with a risk management system that incorporates stop losses and take profits.The advisor has been evaluated on historical data to ensure its efficacy and may incorporate parameter optimization techniques. The adviser allows the user to specify parameters based on his trading preferences. The adviser may work on many timescales, allowing it to be tailored to different trading methods.
Trend trading indicators use a variety of mathematical and statistical methodologies to discover and confirm the current market trend. There are various types of indicators that are frequently used to evaluate a trend:Moving averages: Basics The simple moving average (SMA) and exponential moving average (EMA) are trend indicators that compute an asset's average price over time. They help to determine the overall direction of price change.
Directional Movement Index (DMI): Basics DMI assesses the strength and direction of a trend. Incorporates plus-DMI (shows the strength of an uptrend), minus-DMI (shows the strength of a downtrend), and ADX (shows the overall strength of a trend).
Relative Strength Index (RSI): Basics The RSI evaluates the speed and change of prices, indicating when an asset is becoming overbought or oversold. This can assist identify the strength and longevity of a trend.
Basics of MACD (Moving Average Convergence Divergence) The MACD indicator compares two exponential moving averages to identify the strength and direction of a trend. Include a signal line to confirm the trend's direction.
Ichimoku Kinko Hyo: Baseline This indicator provides detailed trend information, including a cloud, base line, and periodic line.
Trendlines and Channels: Basics: Drawing trend lines and channels on a chart can also help you determine the direction of a trend. Continued movement within the channel may indicate the strength of the trend.
The most suitable broker for trading this advisor is https://bit.ly/3UCJ5F8
 |
| Download the ea here |
Recommended pairs for trading
EURUSD/GBPUSD/XAUUSD/USDCAD/NZDUSD/AUDUSD/EURJPY/
Timeframe: M30-H1
Minimum account amount is $1000 (per pair).
Lot calculation: 0.01 lot for every $1,000 deposit.
Minimum spread.
Set up the advisor per the guidelines!!!
Important information!
For the first two weeks, trade on a demo or cent account (to find the ideal trading circumstances for yourself).
Install a trading advisor on the VPS.
Profit from a genuine account. Recorded every Friday (end of trading week)
Forex/CFD trading is high risk and not suitable for everyone.
If market circumstances deteriorate, you may lose some or all of your initial investment.
You should only invest money you can afford to lose, which means that losing it will not have an impact on your essential necessities or obligations.
