AUDNZD Otaku EA MT4

The AUDNZD Otaku EA is an automated forex trading robot designed specifically for the AUDNZD currency pair. It employs scalping and intraday trading strategies, aiming to make small profits on a large number of trades. Here are some key features and tips on how to use it:

Key Features

• Scalping and Intraday Trading: The EA is optimized for the M5 timeframe but can work on any timeframe.
• Safety Measures: It does not use risky methods like Martingale, hedging, or grid trading. All trades are protected by stop loss.
• Trade Frequency: It makes about 5 to 10 trades per week and can go days without trading. It doesn’t open more than 2 trades in the same direction.
• Versions: There are two versions, V100 and V300. Running both versions simultaneously is recommended for optimal performance.

How to Use AUDNZD Otaku EA

1. Installation: Download the EA and place it in the Experts folder of your MetaTrader platform.
2. Settings: Configure the EA settings according to your trading preferences. Key settings include:
   • Lot Size: Determines the size of each trade.
   • Max Spread: Sets the maximum spread the EA will accept before stopping trading.
   • Magic Number: Assigns a unique identifier to each trade.
   • Max Lot: The maximum lot size allowed for each trade.
   • Stop Loss and Take Profit: Set the minimum number of pips for stop loss and take profit.
3. Testing: Run the EA on a demo account first to understand its behavior and ensure it aligns with your trading strategy.
4. Live Trading: Once comfortable, you can start using it on a live account. It’s recommended to use a VPS for 24/7 operation and a low spread ECN account for best performance.