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Legend Wall Street MT5 is a potent forex tool that uses dynamic Fibo zones to identify potential market reversals. It is a unique trading strategy that waits for a confirmation signal from the high or low price levels before taking action. This expert advisor (EA) has the capability to close positions not only by take profit, but also by the Fibo level of the indicator.
Working Mechanism of the EA
The EA is designed to function optimally with a hedge type account. It is capable of opening another series of orders, buying or selling based on the set parameters. It can even manage manual orders if the settings allow it. The EA also has a hedge feature, which means it can buy and sell simultaneously.
One of the unique aspects of this EA is its ability to work within specified trading hours. Users can set the start and end hours for the EA to trade. It also recognizes its own positions using a unique number known as the ‘Magic’ number.
Customization and Control
The EA offers a high level of customization to suit different trading strategies and market conditions. Users can control the maximum spread allowed, the number of maximum buy and sell orders, the initial lot size, and even enable or disable auto lot calculation.
Furthermore, the EA provides the option to set take profit and stop loss in pips. Users can also choose to overlap the first and last order to reduce drawdown, and specify the percentage profit after the first order will close in loss and the last order will close in profit.
Advanced Features
The EA also comes with advanced features like the ability to pause between orders and set the distance between orders. Users can choose to start the dynamic distance from a specific order number and set the multiplier factor for increasing the distance between orders.
The EA also includes a TF Black Dragon feature that allows users to choose the time frame from a selection. The maximum lot size that can be opened by the EA can also be set by the user.
FAQ Section
Can I monitor the real operation of Legend Wall Street MT5?
Yes, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
What happens after I purchase the product?
After purchasing, it is crucial to get in touch with the seller to receive instructions and a bonus.
Can I share my experience of using this product?
Absolutely! Users are encouraged to share their experiences with the product, which can be beneficial for prospective users.
This review is an independent analysis of the Legend Wall Street MT5. It is not associated with the product or its developers. It is always recommended to do your own research before investing in any financial markets or using any Forex tools.
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