Babe Blade Algo EA

Babe Blade Algo is an algorithmic trading software that utilizes technology to execute trades in the foreign exchange market. This forex EA is designed to automatically analyse market trends and generate trades based on a combination of two popular indicators: Ichimoku and MACD.

Babe Blade Algo EA Strategy

Babe Blade Algo Scalping Forex EA strategy utilizes the combination of Ichimoku and MACD indicators. The Babe Blade Algo EA also utilizes a scalping strategy, which means that it tries to take advantage of small price movements in the market. This allows it to generate a high volume of trades.

Ichimoku

Ichimoku is a popular technical analysis indicator used in forex trading that is designed to help identify support and resistance levels, as well as trends in the market. The Ichimoku indicator is composed of five lines: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span.

In the Babe Blade Algo EA strategy, the Ichimoku indicator is used in combination with the MACD indicator to identify trading opportunities. The Tenkan-sen and Kijun-sen lines are used to identify short-term and medium-term trends, while the Senkou Span A and Senkou Span B lines are used to identify support and resistance levels.

When the Tenkan-sen line crosses above the Kijun-sen line, it is considered a bullish signal, indicating that the short-term trend is likely to be upward. Conversely, when the Tenkan-sen line crosses below the Kijun-sen line, it is considered a bearish signal, indicating that the short-term trend is likely to be downward.

The Senkou Span A and Senkou Span B lines are used to identify support and resistance levels. When the Senkou Span A line is above the Senkou Span B line, it is considered a bullish signal, indicating that the market is likely to continue in an upward trend. Conversely, when the Senkou Span A line is below the Senkou Span B line, it is considered a bearish signal, indicating that the market is likely to continue in a downward trend.

MACD

The Moving Average Convergence Divergence (MACD) is a popular technical analysis indicator used in forex trading to measure the momentum of price movements. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.

In the Babe Blade Algo EA strategy, the MACD indicator is used in combination with the Ichimoku indicator to identify potential trading opportunities. The MACD line acts as a signal line, and when it crosses above the zero line, it is considered a bullish signal, indicating that the momentum of the price movement is increasing. Conversely, when the MACD line crosses below the zero line, it is considered a bearish signal, indicating that the momentum of the price movement is decreasing.

Babe Blade Algo EA Features

  • Offers low spreads to minimize trading costs.
  • Allows trading with a minimum account balance of $25 according to the developer.
  • Allows the user to choose between interest and fixed lots.
  • Does not use the risky martingale strategy.
  • Does not use the grid strategy and only allows a maximum of 2 orders to be open at any given time to manage risk according to the developer.

Babe Blade Algo EA Settings

  • Lots is Fixed (if this > 0.0) = 0.0 : If this field > 0 that mean do not allow compound interest bellow
  • Lots per 1000 of balance (Compound interest) = 0.3
  • ++ 0.3 If the leverage > 1:100, anything else please using this: Lots = Margin * Leverage / Contract
  • ++ Ex: EURUSD, Lots = 1000EUR * 30 / 100000 = 3 lots (should be < 0.3 – the balance is 1000EUR, Leverage=1:30)
  • Minimum of lots size = 0.01
  • Maximum of lots size = 60
  • Max spreads to entry = 1.2 (in pips)
  • MACD: Fast – Slow – SMA = 12,26,9 (Default – not change)
  • Ichimoku: TekanSen – KijunSen – SenkouSpanB = 9, 26, 52 (Default – not change)
  • Magic number = 20190001
  • Comment = Babe Blade Algo v1.00

Babe Blade Algo EA Summary

Overall, the Babe Blade Algo utilizes two popular indicators: Ichimoku and MACD. The software also utilizes a scalping strategy to take advantage of small price movements and generate a high volume of trades. It is important to note that there is no guarantee of profits when using Babe Blade Algo and it is recommended to use a demo account to test the software before using real money.

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