About the Silver Moon Expert Advisor
The Silver Moon EA for MetaTrader 4 is a fully automated Forex trading robot designed to trade based on price action.
It opens trades when the price closes above or below predetermined levels, without relying on lagging indicators.
This approach aims to capture profitable market movements by reacting to real-time price changes.
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Download the “EA Silver Moon_fix.ex4” expert advisor
Key Features
Price Action-Based Trading
The EA identifies trading opportunities by analyzing price movements, entering trades when the price closes above or below specific levels.
No Lagging Indicators
By not using traditional indicators, the EA aims to reduce delays in trade execution, potentially leading to more timely entries and exits.
High Trading Activity
With a trading activity rate of 94.7%, the EA ensures frequent engagement in the market, increasing profit opportunities.
High Profitability
During the testing period, the Silver Moon EA achieved an impressive profit of $91,000, demonstrating its potential for significant returns.
Customizable Parameters
Users can adjust settings such as lot size, risk percentage, stop loss, and take profit levels to align with their trading preferences and risk tolerance.
Performance Report
Find below the Silver Moon EA performance chart (click on the picture for a full-size view).
Key Points
- The number of profitable trades: 66.4%
- The number of loss trades: 33.6%
- Trading activity: 94.7%
The Silver Moon EA has shown strong performance in backtesting, with a profitability rate of 66.4% and a trading activity rate of 94.7%.
These results indicate a consistent ability to identify and capitalize on profitable trades.
Trading Chart
The picture below shows the Silver Moon EA attached to the EUR/USD M5 chart.
How the EA Works
- Monitors price action to identify potential trade setups.
- Opens buy trades when the price closes above a predefined level.
- Opens sell trades when the price closes below a predefined level.
- Does not rely on traditional lagging indicators.
- Operates on multiple timeframes, with M5 and M30 recommended.
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Download the “EA Silver Moon_fix.ex4” EA
Parameters & Settings
- Lot Size: Adjust the initial trade size.
- Auto MM: Enable or disable automatic money management.
- Risk Percentage: Set the risk level per trade.
- Magic Number: Unique identifier for the EA’s trades.
- Stop Loss: Define the maximum acceptable loss per trade.
- Take Profit: Set the target profit level per trade.
Recommended Trading Setup
- Trading Instruments: Any low spread currency pair.
- Time Frames: M5 and M30 (works on any time frame).
- Minimum Account Balance: $50.
- Demo Account: Recommended for initial testing.
- Real Account: Suitable after thorough testing.
- Trading Platform: MetaTrader 4.
FAQ
1. How does Silver Moon EA decide when to trade?
The EA analyzes price action and opens trades when the price closes above or below key levels, ensuring faster response to market changes.
2. Can I trade currency pairs other than Gold?
Yes, the EA works well on any low-spread currency pair and can be adapted to different instruments.
3. Is this EA suitable for beginners?
Yes. The Silver Moon EA fully automates trading, making it easy for beginners to trade while minimizing manual effort. Demo testing is recommended first.
4. Does it work on all MetaTrader 4 brokers?
The EA is compatible with most MT4 brokers, though low-spread ECN brokers are recommended for the best results.
5. How can I optimize the EA for my account size?
Adjust lot size, risk percentage, stop loss, and take profit according to your account balance and risk preferences for safe and efficient trading.
Summary
The Silver Moon EA is a powerful, fully automated Forex trading robot for MetaTrader 4 that utilizes price action strategies to identify and execute trades.
With customizable parameters, strong backtested performance, and automated trade management, the EA provides traders with a disciplined and hands-free approach to Forex trading.
Proper account setup, risk management, and broker selection are essential for achieving optimal results.
