Han EA

The Han EA is an automated trading software that operates within the MetaTrader 4 (MT4) platform, and is designed to execute trades through scalping. One of its key features is its ability to be customized, with users able to adjust the specific trading times to suit their individual preferences and needs.

Han EA Strategy

The Han EA utilizes a scalping strategy that is designed to identify short-term trade opportunities in volatile currency markets. By leveraging small price movements and candlestick patterns in high-volatility markets, it tries to generate potential trades. The software employs a range of technical indicators, including Envelopes, RSI, and Moving Average, to determine entry and exit points for each trade. Unlike other high-risk trading methods such as Martingale and Grid, Han EA employs an approach and limits its trading to 1-10 transactions per day, with only one trade open at a time. Users have the flexibility to set a fixed lot size or opt for auto-lot sizing, which will automatically adjust the size of each transaction based on pre-defined criteria.

Han EA Features

  • Han EA employs a range of risk-management features, including a small Stop Loss and Take Profit, as well as a trailing stop.
  • The software is suitable for traders with a minimum account balance of $50 or more, as recommended by the developer.
  • While Han EA is optimized for trading on currency pairs such as GBPUSD, GBPJPY, and EURUSD, it can also be used to trade on other pairs, according to the developer.
  • The software is designed to work best on M1 timeframes, but can also function on other timeframes, as mentioned by the developer.
  • To optimize performance, it is recommended that traders use a low spread account when using Han EA, e.g., FXTM, XM, AVATrade, etc.

Han EA Settings

  • Information                                  * * * * * han EA v 1.0 (Modify 2020) * * * * *
  • Information_1                         ==== ICMarkets Raw and Tickmill ECN =========
  • Information_2                    ==== GBP/USD ================================
  • Information_3                     ==== 1:500 ==================================
  • Information_4                     ==== best M1 ================================
  • Information_5                            ==== StopLevel : 20 points or higher ========
  • Information_6                          ==== Expire date : Unlimited ================
  • Information_7                       ==== contact K.Lipp@wp.pl ===================
  • Information_8                         ==== Time Filter ============================
  • StartHour                                                                  1
  • StartMinute                                                              0
  • EndHour                                                                    23
  • EndMinute                                                                0
  • Information_9                                        ==== Main Settings ==========================
  • ECN_Mode                                                              true
  • MM                                                                           false
  • Risk                                                                            1
  • Default_lot                                                              0.01
  • Loto                                                                          0.01
  • Lot_Max                                                                   200.0
  • StopLossBUY                                                           30
  • StopLossSELL                                                          30
  • TakeProfitBUY                                                        500
  • TakeProfitSELL                                                        500
  • MaxTrades                                                               1
  • Minimum Use_StopLevel_BUY                           20
  • Minimum Use_StopLevel_SELL                          20
  • Timeout Pending_Orders_BUY                           0
  • Timeout Pending_Orders_SELL                           0
  • SlippageBUY                                                            10
  • SlippageSELL                                                           10
  • Max Spread                                                             10
  • Magic                                                                        111
  • Order Cmt                                                               han EA v 1.0
  • Information_10                                                      ==== Trailing ===============================
  • Trailing Start_BUY                                                 1
  • Trailing Start SELL                                                  1
  • Information_11                                                      ==== Indicators Settings ====================
  • Envelopes Timeframe                                                   1 Minute
  • Envelopes_Method                                                     Exponential
  • Env_Upper_PriceMode                                              Weighted Price
  • Env_Lower_PriceMode                                             Weighted Price
  • Envelopes Period                                                        1
  • Envelopes_Deviation                                                 0.024
  • RSI_Timeframe                                                            1 Minute
  • RSI PARAM                                                                   12
  • RSI_PriceMode                                                            Close price
  • RSI Level High                                                              74
  • RSI Level Low                                                              17
  • Information_12                                            ==== Rest Settings ==========================
  • Max_Execution                                                           0
  • Max_Execution_Minutes                                          5
  • OrderExpireSeconds                                                   3600
  • Add Price Gap                                                              0.0
  • Commission                                                                 0.0
  • Take_Shots                                                                   false
  • Debug                                                                            false
  • Verbose                                                                         false

Han EA Summary

Overall, the Han EA uses an automated scalping strategy that leverages small price movements in high-volatility markets, while using a combination of technical indicators to identify entry and exit points for each trade. While Han EA has the potential to deliver potential trades, it is important to note that there is no guarantee of success and traders should use caution when using the software. It is recommended that users test the software on a demo account before trading with real funds, in order to become familiar with the expert advisors features and minimize risk.

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