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Price: $5.00

Expert: ULTRON_LITE_3.7m.ex4 v3.7 (Unlocked), NO MANUAL.

Ultron Lite 3.7m Trading Advisor Overview

The Ultron Lite 3.7m Expert Advisor is designed for trading the GBPUSD currency pair on the H1 timeframe. It uses 4 Moving Average indicators with different periods and includes a trailing stop function for enhanced trade management. The advisor operates during the overlapping trading hours of the European (London) and American (New York) sessions, which can be customized according to the broker’s server time.

Key Features:

1. Moving Averages:
   The strategy uses 4 different Moving Averages to generate entry signals.

2. Trailing Stop Functionality:

   • Once the price reaches the take profit level, the transaction does not close immediately.

   • A trailing stop is activated and works until the price either returns to the take profit level or hits the trailing stop threshold.

   • This feature ensures that you can capture more profit during favorable market conditions.

3. Time Range for Trading:
   The EA is designed to trade during the European (London) and American (New York) session overlap.

4. Testing and Settings:

   • TP (Take Profit): 35 pips

   • SL (Stop Loss): 70 pips

   • OpenHour: 10 (GMT +3)

   • CloseHour: 23 (GMT +3)

   • Riskiskat (Risk Factor): 10

   • TrailingStop: 4 pips

   • TrailingStep: 2 pips

5. Initial Deposit:

   • The EA was tested with a modest initial deposit of $300, which has doubled during the test period.

Testing Results:

• GBPUSD Pair:
  The results were fantastic. In just over six months, the deposit grew more than two times, showing a balance of profitable and loss-making trades, confirming the profitability of the strategy on this pair.

• EURUSD Pair:
  Profit was still made, but the results were more modest compared to GBPUSD with the same settings.

• EURGBP and GBPJPY Pairs:

  • EURGBP: The EA made a profit but had a significant drawdown of 28.78%.

  • GBPJPY: No trades were opened during the test period, indicating that the settings might not be optimal for this pair.

Summary:

• The Ultron Lite 3.7m EA has shown itself to be effective and profitable, especially on GBPUSD.

• The trailing stop feature is an added benefit that helps lock in profits and manage trades.

• The default settings are optimized for GBPUSD, but each currency pair may require different parameters for the best results.

• The modest initial deposit of $300 grew significantly, and the EA’s performance is worth monitoring for long-term success.