EA "Envy Nova Extreme" (author: traderY) explained in a video!
EA "Envy Nova Extreme" (author: traderY) explained in video!
Even though it is a averaging-down EA, the recovery factor exceeds 10!
Mr. traderYhttps://www.gogojungle.co.jp/users/177676is a veteran trader with over 10 years of investment experience, researching and developing EAs daily. He has created dozens of EAs, and selected those with promising profitability for release.
This "Envy Nova Extreme" is an improved version of the "Envy Nova" developed and released by traderY, and it is designed to enter trades based on its own logic using multi-timeframe analysis. When conditions are met, it adds positions, holding up to a maximum of 5 positions.
Trading frequency is higher than the previous version, allowing profits to accumulate more quickly. Also a key point is that the stop loss is shallower than in the previous version. In the event of high market risk, such as sudden price movements, it is designed to exit early, minimizing risk.As a potential concern for averaging-down EAs, positions can increase rapidly, but with "Envy Nova Extreme" you can set the maximum number of positions and the stop loss yourself, so you can operate with peace of mind. Also, it is nice that it does not blindly enter just because it is an averaging-down EA. It is built with a focus on entry precision, entering at a well-timed point without going against long-term trends. This single EA can contribute to long-term profit accumulation.
By the way, when holding up to 5 positions, the Lot size for each position increases as positions are taken, so careful money management is required.
■ Settings Parameters
・Magic Number:
→When used with other EAs simultaneously, set a magic number that does not conflict.
・Initial entry lot size:
→Starting at 0.2, when holding up to 5 positions, each position’s Lot sizes are as follows:
First position (0.2 Lot), Second position (0.36 Lot), Third position (0.65 Lot), Fourth position (1.07 Lot), Fifth position (2.10 Lot)
・Stop loss (pips):
→Initial value is 150 pips. Measured from the initial entry’s pips. Even if averaging down, the stop loss position does not change.
・Maximum number of open positions
→Initial value is 5.
■ Forward Test
EA "Envy Nova Extreme" (author: traderY)
