Description
Introduction
Pingala Prasthara EA V1.20 MT5 is an automated Expert Advisor designed for MetaTrader 5. It focuses on systematic trading of major currency pairs and aims to reduce the need for constant manual monitoring. The EA is intended for traders who prefer rules-based execution on the M15 timeframe.
Key Features
- Built exclusively for MetaTrader 5 (MT5)
- Supports EURUSD, GBPUSD, and AUDUSD
- Designed to operate on the M15 timeframe
- Fully automated trade execution once attached and enabled
- Rules-based system for consistent order management
Recommended Setting
Recommended pairs: EURUSD, GBPUSD, and AUDUSD
Recommended timeframe: M15
Always start with conservative risk settings and test thoroughly on a demo account before using real capital. Exact input parameters should be verified with the official documentation provided by the seller.
Advantages
- Removes emotional decision-making from trading
- Reduces the need for continuous chart watching
- Allows simultaneous monitoring of three major pairs
- Provides consistent application of predefined rules
- Can be tested in the MT5 Strategy Tester and on demo accounts
Disadvantages
- Strategy logic is not fully disclosed publicly
- Performance depends heavily on broker execution, spreads, and slippage
- Requires a stable connection or VPS for continuous operation
- Incorrect settings can lead to larger drawdowns
- Backtest results do not guarantee future live performance
Support & Disclaimer
Support:
If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:
Telegram Group: Join our community
Disclaimer:
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.
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