ForexRova
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ForexRova for MT4 is a sophisticated EA designed to optimize trading strategies and ensure consistent performance. The core strategy of ForexRova revolves around comprehensive market scanning and precise trend identification. By utilizing advanced price action techniques and built-in indicators, it aligns with the market's momentum to identify profitable opportunities.
A critical component of ForexRova's strategy is its overbought/oversold check through oscillator analysis, preventing trades against strong market conditions. The EA also evaluates the power dynamics between Bears and Bulls, signaling BUY orders when Bulls dominate and SELL orders when Bears are in control.
ForexRova implements a meticulous order execution process. Each trade is entered with precise timing and is supported by robust risk management protocols, including fixed Stop Loss and Take Profit levels. The Take Profit is set at twice the Stop Loss, ensuring a favorable risk-reward ratio. The EA adheres to a single order policy, maintaining only one open order at a time to effectively manage risk.
To recover from losses, ForexRova employs a very light martingale strategy, which helps in loss recovery without exposing the account to excessive risk. Security measures such as global stop levels provide an additional layer of account safety.
Optimized for trading on XAUUSD with a 30-minute timeframe, ForexRova has been rigorously tested and optimized since 2016 using 100% quality tick data from Tick Data Suite, operated by Thinkberry SRL. We offer ForexRova with a Lifetime license and no monthly or hidden fees, ensuring a transparent and valuable trading tool for users.
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A critical component of ForexRova's strategy is its overbought/oversold check through oscillator analysis, preventing trades against strong market conditions. The EA also evaluates the power dynamics between Bears and Bulls, signaling BUY orders when Bulls dominate and SELL orders when Bears are in control.
ForexRova implements a meticulous order execution process. Each trade is entered with precise timing and is supported by robust risk management protocols, including fixed Stop Loss and Take Profit levels. The Take Profit is set at twice the Stop Loss, ensuring a favorable risk-reward ratio. The EA adheres to a single order policy, maintaining only one open order at a time to effectively manage risk.
To recover from losses, ForexRova employs a very light martingale strategy, which helps in loss recovery without exposing the account to excessive risk. Security measures such as global stop levels provide an additional layer of account safety.
Optimized for trading on XAUUSD with a 30-minute timeframe, ForexRova has been rigorously tested and optimized since 2016 using 100% quality tick data from Tick Data Suite, operated by Thinkberry SRL. We offer ForexRova with a Lifetime license and no monthly or hidden fees, ensuring a transparent and valuable trading tool for users.
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