Product Description

SFE Price Action
Momentum trader

Backtest and setup video:
https://youtu.be/zIcFlzlQWCQ
and look for the attached documents

Official live account:
https://www.mql5.com/en/signals/124880

Account broker: ICMarkets (AUS) 1:200
https://smartforexexpert.com/index.php?topic=13.0

FxBlue: https://www.fxblue.com/users/atractor
Myfxbook: https://www.myfxbook.com/members/autotrade/sfe-price-action/1331484

Marketplace MT4: https://www.mql5.com/en/market/product/5716
Marketplace MT5: https://www.mql5.com/en/market/product/47562

Current version 5.2 (November 2020)

Recommended risk setting mode:

• Percentage risk/trade = 1.0  (normal risk)

Description

SFE Price Action is an Expert Advisor with a great diversification of operations and different systems working in  several pairs and timeframes at the same time. This increases the chances of sustained growth and reduces exposure to a single pair or individual operations. The risk is very controlled.

Based on own price action rules, no hedge, martingale, grid or any other type of dangerous practices are used, such as not closing failed operations.

You do not need any knowledge, the configuration is very easy and you do not need configuration or optimization work. It is not necessary to be alerted about whether the EA should be enabled or not. Due to its high diversification and low risk, it is safe to leave it always connected.

Counting on a 10-year backtest period and more than 4.0 years of live action since mid-2014, it shows the EA’s great adaptability to any type of structural behavior in the market. The robot bases its advantage on intraday volatility, which often occurs independently of market bias.

Live setup

The EA is very easy to setup, and can be used with the default parameters. Only parameters related with the GMT of the broker and the size of the orders must be checked.

The EA must be attached to ONLY one M5 chart. Use an EURUSD chart is recommended.

If the names of the symbols aren’t the common in your broker platform, update the names in the Symbol List parameter.

The EA is very lightweight in resources demand, and can be used with other EAs.

Backtest

The EA must be backtested on the M5 timeframe. All the symbols used can be backtested together in mt5 using the ‘Test Full List’ parameter