PLUNGER EA V1.0 MT5

Overview :

• PLUNGER EA V1.0 MT5 is an automated Expert Advisor developed for the MetaTrader 5 platform, designed to exploit sudden price movements and market impulses.
• This EA focuses on identifying sharp price pushes, reversals, and momentum bursts that often occur during high-impact market sessions.
• PLUNGER EA V1.0 aims to reduce emotional trading by executing trades automatically based on predefined logic and technical conditions.
• It is suitable for traders who prefer short to medium-term automated trading with controlled risk exposure.

Key features :

• Fully Automated Trading:
  • Executes trades automatically without manual intervention.
  • Operates 24/5, continuously monitoring market conditions.
• Impulse Detection Logic:
  • Identifies strong price movements and momentum shifts.
  • Filters out weak signals to avoid unnecessary trades.
• Built-in Risk Management:
  • Uses predefined Stop Loss and Take Profit levels.
  • Helps protect trading capital during volatile conditions.
• MT5 Optimization:
  • Designed specifically for MetaTrader 5 architecture.
  • Faster execution and improved order handling.
• User-Friendly Inputs:
  • Simple parameter structure for easy configuration.
  • Suitable for both beginners and experienced traders.

Strategies :

• Momentum Trading Strategy:
  • Enters trades when strong price momentum is detected.
  • Targets quick price expansions after consolidation phases.
• Reversal Capture Strategy:
  • Identifies exhaustion points where price may reverse sharply.
  • Uses confirmation filters to avoid early entries.
• Session-Based Trading:
  • Performs best during high-liquidity sessions.
  • Designed to take advantage of volatility spikes.

Recommended settings :

• Timeframes:
  • Recommended timeframes are M15 and H1.
  • Lower timeframes provide more frequent signals.
• Risk Per Trade:
  • Conservative risk: 0.5% – 1%.
  • Moderate risk: 1% – 2%.
• Lot Size:
  • Use dynamic lot sizing for better capital management.
  • Fixed lot sizes are suitable for experienced users only.
• Stop Loss & Take Profit:
  • Stop Loss based on recent volatility levels.
  • Take Profit set to maintain a balanced risk-reward ratio.

Advantage :

• Emotion-Free Trading:
  • Removes fear and greed from decision-making.
• Fast Market Reaction:
  • Responds instantly to sharp market movements.
• Time-Saving Automation:
  • Eliminates the need for constant chart monitoring.
• Simple Setup:
  • Easy installation and configuration process.
• Capital Protection Focus:
  • Integrated risk controls help manage drawdowns.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

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.