Description
<h3>Introduction</h3>
<p>EWP Price Action EA V1.00 MT4 is an automated trading system developed for the MetaTrader 4 platform. It is designed around price action principles, focusing on market structure, support and resistance zones, and candlestick behavior rather than relying solely on lagging indicators. The EA aims to execute trades automatically based on predefined price action logic while maintaining disciplined risk management and consistent execution.</p>
<h3>Key Features</h3>
<ul>
<li>Fully automated price action-based trading</li>
<li>Designed specifically for MT4 platform</li>
<li>Market structure and support/resistance analysis</li>
<li>Candlestick pattern confirmation logic</li>
<li>Automatic stop-loss and take-profit placement</li>
<li>Adjustable lot sizing (fixed or percentage-based)</li>
<li>Spread filtering mechanism</li>
<li>Drawdown and equity protection settings</li>
<li>Multi-pair compatibility</li>
<li>VPS-ready for uninterrupted operation</li>
</ul>
<h3>Recommended Settings</h3>
<p>Recommended configuration may vary depending on broker and account size, but general guidelines include:</p>
<ul>
<li>Timeframe: M15, H1, or H4</li>
<li>Preferred Pairs: Major pairs such as EURUSD, GBPUSD, USDJPY</li>
<li>Risk Per Trade: 1%–2% of account balance</li>
<li>Lot Mode: Auto lot based on risk percentage</li>
<li>Max Spread: Use low-spread broker</li>
<li>VPS: Recommended for stable 24/5 trading</li>
</ul>
<p>Always test on a demo account before moving to live trading.</p>
<h3>Backtest Result</h3>
<p>Backtesting may typically show:</p>
<ul>
<li>Stronger performance during clear trending or breakout phases</li>
<li>Moderate drawdown under conservative risk settings</li>
<li>Reduced efficiency during prolonged ranging markets</li>
<li>Sensitivity to broker spread and execution quality</li>
</ul>
<p>Actual results depend on market conditions and broker environment.</p>
<h3>Advantages</h3>
<ul>
<li>Based on price action rather than lagging indicators</li>
<li>Fully automated execution</li>
<li>Structured risk management</li>
<li>Flexible parameter customization</li>
<li>Suitable for medium-term trading</li>
<li>Compatible with most MT4 brokers</li>
<li>Reduces emotional trading decisions</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Performance depends on market structure conditions</li>
<li>Drawdowns are possible</li>
<li>May struggle in highly choppy markets</li>
<li>Sensitive to spread and slippage</li>
<li>Requires monitoring despite automation</li>
<li>No guaranteed profitability</li>
</ul>
<h3>Installation & Setup Guide</h3>
<ol>
<li>
<p>Download the EWP Price Action EA V1.00 file (.ex4 or .mq4).</p>
</li>
<li>
<p>Open MetaTrader 4.</p>
</li>
<li>
<p>Click File → Open Data Folder.</p>
</li>
<li>
<p>Open the MQL4 folder and then the Experts folder.</p>
</li>
<li>
<p>Paste the EA file into the Experts folder.</p>
</li>
<li>
<p>Restart MT4.</p>
</li>
<li>
<p>Enable AutoTrading from the toolbar.</p>
</li>
<li>
<p>Open your preferred currency pair and timeframe.</p>
</li>
<li>
<p>Drag the EA from the Navigator panel onto the chart.</p>
</li>
<li>
<p>Adjust input settings according to your risk preference and click OK.</p>
</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.</p>
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