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Price: $5.00
Expert: PipByPip v1.5.mq4 (Unlocked – Source Code), NO MANUAL.
GBPUSD Channel Trading Expert Advisor
The GBPUSD Channel Trading Expert Advisor (EA) is designed for trading in a flat market, specifically on the GBPUSD pair. This EA utilizes a combined system of tracking profits and hedging open positions with trades in the opposite direction to ensure high stability, even in fluctuating market conditions. In case of extreme market situations, the EA applies a strict loss limit (stop loss) to protect the deposit.
Key Features:
Trading Strategy: Flat (range-bound market)
Pair Traded: GBPUSD
Timeframe: M5 (5-minute chart)
Average Monthly Yield: 300-400 points
Average Transactions: 30-40 trades per month
Risk Management: Strict stop loss in place for deposit protection
Works with: Fixed and floating spreads, 4 and 5-digit quotes
Error Handling: Automatic reopening and closing of orders in case of errors
Recovery Mechanism: Can handle disconnections, power outages, and accidental terminal restarts
Recommended Trading Time:
The EA is optimized for trading during quiet market periods.
Optimal Trading Hours: From 1:00-2:00 to 9:00-10:00 GMT (adjust based on the DC quote source, as it may shift by 1-2 hours). It’s recommended to test and adjust before installation.
Supported Accounts and Lot Sizes:
Works on both dollar and cent accounts.
Deposit Currency: USD.
Recommended Lot Sizes: Based on your account balance, the table below suggests the appropriate lot size:
| Deposit Amount | Dollar Account | Cent Account |
|---|---|---|
| $100 | 0.01 | 1 |
| $500 | 0.05 | 5 |
| $1000 | 0.1 | 10 |
| $5000 | 0.5 | 50 |
Additional Features:
Service Comments: Displays helpful information directly on the chart screen.
Customizable Settings: Allows individual adjustments of input parameters for personalized trading.
Supports ECN and NDD Accounts: Can be used on ECN (Electronic Communication Network) and NDD (No Dealing Desk) accounts for more precise execution.
Profit Protection: Automatic error handling and trade management to ensure continuous performance.
This EA is highly efficient and designed for users seeking consistent profits in the GBPUSD pair, especially during low-volatility periods. With built-in risk management, error handling, and customizable settings, it’s suitable for both novice and experienced traders.
