Jacaranda EA

The Jacaranda EA is a software program designed to automate forex trading. This expert advisor is based on the MetaTrader 4 platform and was created by a team of experienced traders and developers. One of the key features of the Jacaranda EA is its ability to adapt to changing market conditions. The software is constantly monitoring the markets and adjusting its trading strategies to take advantage of emerging trends and patterns.

The Jacaranda EA also includes a range of customization options, allowing traders to tailor the software to their specific trading styles and preferences. This includes the ability to adjust risk levels, set stop-loss and take-profit orders, and choose from a range of different trading strategies.

Jacaranda EA Strategy

Here are some details about the trading strategy of Jacaranda EA:

  • Unique algorithms for opening trades: Jacaranda EA uses a combination of technical indicators and mathematical algorithms to analyse the market and determine the optimal entry point for trades. The software’s algorithms are designed to identify market trends and patterns that can be used to open potential positions.
  • Unique algorithms for closing trades: The EA’s closing algorithm is designed to try to minimize drawdowns. Once one of the two positions hits its take-profit level, the EA will begin to hedge the other position until the take-profit level of the second cycle is reached.
  • Two different trading systems: The Jacaranda EA contains two distinct trading systems that work together to achieve consistent gains. The first system involves opening both a buy and a sell position simultaneously. The second system involves hedging the remaining position once one of the positions hits its take-profit level.
  • Customizable settings: The software comes with a range of customization options that allow traders to adjust the risk levels, set stop-loss and take-profit orders, and choose from a range of different trading strategies.

Jacaranda EA Features

  • Jacaranda EA performs exceptionally well on EURUSD and NZDUSD pairs, recommended by the developer.
  • The expert advisor is also suitable for trading with other pairs, including currencies, indices, and metals.
  • Jacaranda EA is designed to work with any time frame, allowing traders to choose their preferred trading style.
  • The software is compatible with any 5 digit ECN broker, providing traders with the flexibility to select their broker for executing trades.

Jacaranda EA Settings

  • Magic Number
  • Initial LotSize
  • Lot Exponent
  • Slippage

Multi Cycle Settings

  • StartNewCycleWhenNewHedgeStarts
  • StartNewCycleAtMiddleLineOfLastHedge
  • Maximum Concurrent Cycles
  • MinimumPctFreeMarginToAllowNewCycle
  • PreventStartingNewCyclesTooCloseToEachOther

Trading Start Time

Start Condition

Trading Start Time

  • Trade on Sunday (Broker Time)
  • Trade on Monday (Broker Time)
  • Trade on Tuesday (Broker Time)
  • Trade on Wednesday (Broker Time)
  • Trade on Thursday (Broker Time)
  • Trade on Friday (Broker Time)
  • Trade on Saturday (Broker Time)
  • DoNotStartNewCycleBeforeHour
  • DoNotStartNewCycleAfterHour

Use Trailing Stoploss

  • UseTrailing Stoploss
  • RemoveFixedTakeProfitWhenTrailingStarts
  • Trail only buy or sell positions on the winning side
  • TrailingStoplossProfitDistanceBeforeActivated
  • Trailing Step in points
  • Trailing Distance from extreme in points

First Cycle Settings

  • FirstCycleType
  • First Cycle TakeProfit

Second Cycle Settings

  • Second Cycle TakeProfit
  • Hedge Distance
  • Add Points to Hedge Each Cycle
  • Use Pending Orders
  • Hide SL / TP

Reduce TP of Second Cycle Condition

  • Minimum TP
  • Reduce TP Each Position With X Points

Close Condition

  • MaxTrades
  • Close Max Trades At Middle Line

Close Condition 2

Close All Open Positions on Day

Close Condition 3

Close Open Positions When Loss Is Higher Than

OverRule LotExponent Settings

Lot Exponent Positions X

Color Settings

TP/SL/Next Position/Start New cycle color

Jacaranda EA Summary

Overall, the Jacaranda EA uses unique algorithms for opening and closing trades. Its opening algorithm determine the optimal entry point for trades and its closing algorithm is designed to minimize drawdowns. The software also incorporates two different trading systems where it will begin with a buy and a sell position simultaneously.

However, it is important to note that there is no guarantee of profit as the market is highly unpredictable. It is recommended to use a demo account to test the Jacaranda EA before using it on a live account. Lastly, traders should use caution and proper risk management techniques when using the Jacaranda EA or any other trading software.

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