Description
The Black Wolf EA is a powerful MetaTrader 4 (MT4) expert advisor designed for trend-following strategies and grid trading. It leverages smart algorithms to manage risk and capitalize on market momentum, making it ideal for both novice and experienced traders. This EA is optimized for M15 and H1 timeframes and supports major currency pairs like EUR/USD and GBP/USD. Equipped with advanced risk management features such as stop-loss and trailing stop, it ensures precise trade execution, aiming for steady returns with a recommended deposit of $500.
Overview
| Type: | Expert Advisor (EA), NoDLL |
| Currency Pairs: | EURUSD, GBPUSD, EURAUD, AUDJPY, GBPAUD, CADJPY |
| Time Frame: | M15 (15-Minutes) |
| Minimum Deposit: | $1000 or $1000 cents |
| MT4 Support: | Yes |
| MT5 Support: | Yes |
| 1421+ Support: | Yes |
Key Features of Black Wolf EA for MT4 / MT5
- Grid Trading Strategy: Profits from short-term price fluctuations by creating a grid of buy and sell orders, ideal for volatile markets.
- Risk Management: Customizable stop-loss and take-profit settings to mitigate drawdowns.
- Sophisticated Algorithms: Automatically places trades to eliminate emotional bias, handling up to 5 trades simultaneously.
- Trade Frequency: Typically executes 2-5 trades daily, focusing on short-term trends.
- Advanced Features: Includes auto lot sizing, a news filter, and 24/7 automated trading.
- Customizable Settings: Flexible for diverse market conditions and trader preferences.
Black Wolf EA Strategy
The Black Wolf EA operates by following the “Trend Follow” strategy, which relies on its built-in indicator to detect market trends. It initiates a cycle of buy or sell orders in alignment with the detected trend, ensuring that trades are executed based on market momentum. This approach allows the EA to effectively capitalize on prevailing trends, making it well-suited for trend-following strategies in various market conditions.
At the heart of Black Wolf EA lies a powerful trend-following strategy, designed to help traders take advantage of market trends.
- Trend Detection: The EA uses built-in indicators to identify and follow market trends, ensuring trades align with market momentum.
- Trade Execution: Automatically initiates a cycle of buy or sell orders based on the detected trend, promoting disciplined trading without emotional bias.
- Risk Management: Features built-in stop-loss and take-profit settings to manage trades and protect capital.
- Trailing Stop: Includes a trailing stop mechanism that adjusts as the market moves in your favor, locking in profits while avoiding premature exits.
Black Wolf EA for MT5 / MT4 Review
Please click the images for a detailed view.
How to Set Up Black Wolf EA
- Download the Black Wolf EA: Obtain the Black Wolf EA MT4 file from above.
- Open MetaTrader 4: Launch your MT4 platform and go to “File” > “Open Data Folder.”
- Install the EA:
- Navigate to the “MQL4” folder and then “Experts.”
- Paste the Black Wolf EA file into the “Experts” folder.
- Enable Automated Trading:
- Go to “Tools” > “Options.”
- Click on the “Expert Advisors” tab and check “Allow automated trading” and “Allow DLL imports.”
- Attach EA to Chart:
- Open a new chart for the recommended currency pair and timeframe.
- Drag the Black Wolf EA from the Navigator window onto the chart.
- Configure Settings: Customize your settings like lot size, risk parameters, and strategy preferences as per your trading goals.
- Start Trading: Click “OK” to activate the EA, and it will begin trading automatically according to the set parameters.
Ensure all settings align with your risk tolerance and trading style for optimal performance.
Black Wolf EA Settings
- Lot Type: Choose from constant, risk-based, or constant per 1000 lot types.
- Lot Size: Define the size of each lot.
- Trade Buy/Sell: Enable or disable buying and selling by the EA.
- Max Spread: Set the maximum spread allowed for trade execution.
- Close from Opposite: Automatically close trades when an opposite signal appears.
- Stop Loss/Take Profit: Define SL and TP in pips.
- Trailing Stop/Step: Manage stop loss dynamically as price moves.
- Max Positions: Limit the number of open positions per direction.
- Lot Multiplier: Increase lot size for subsequent trades.
- Partial Close: Activate drawdown reduction after a specific order.
- Signal Timeframe: Set hours to look for trading signals.
Why Choose Black Wolf EA for MT5 & MT4?
- Versatile Currency Pair Support: Supports major and minor pairs like EURUSD, GBPUSD, and AUDJPY, offering portfolio diversification.
- Advanced Risk Management: Protects capital with stop-loss, take-profit, and trailing stop features.
- Automation for Convenience: Executes trades automatically based on criteria, eliminating emotional biases.
- User-Friendly Settings: Customizable for both high-frequency and low-frequency trading styles.
- Continuous Updates: Regular updates ensure the EA adapts to evolving market conditions.
Reviews
There are no reviews yet.