Description
The Merit USDJPY EA is a high-performance trading bot designed for scalping the USD/JPY pair. It specializes in taking advantage of short-term price fluctuations, making it perfect for traders aiming for fast profits. Let’s take a closer look at its key features.
Download through Membership Plans
This EA/Indicator is valued at 39.99 but you can download it along with other EAs/Indicators and tools through our membership plan. This makes it an affordable option for you.
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Key Features
Scalping Strategy:
This EA focuses on capturing short-term price movements, aiming for steady, small gains. It quickly enters and exits trades, taking advantage of rapid market fluctuations.
Technical Analysis:
The EA operates using multiple strategies (Logic1 to Logic5) to identify optimal trade opportunities. Each strategy follows specific rules, utilizing technical indicators, price patterns, and market trends.
Position Sizing:
- Trades with a fixed lot size of 0.1 lots per order.
- The maximum lot size is capped at 1 lot.
Risk Management:
- Stop loss (SL) is applied to minimize potential losses.
- Take profit (TP) locks in gains to secure profits efficiently.
Settings and Recommendations
Minimum Deposit:
- Recommended: $500
- Minimum: $100
Timeframe:
- M5 (5-minute chart)
Currency Pair:
- USD/JPY
Trading Strategy:
- Scalping
Risk Management:
- Utilizes stop loss (SL) and take profit (TP) to manage risk effectively.
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