FTA Price Action Algo Trading EA
A pin or engulfing candle must close beyond the prior bar. The stop sits beyond that candle. One position at a time. The EA opens the website and skips the order if the license file is missing, the account id does not match, or the validity date has passed.
Who it is for
Traders who want a Price action Expert Advisor on their own broker account.
Markets
FTA Price Action is a Price action Expert Advisor for MT5. Attach it to the broker symbol you choose. The charts it is meant for: Forex, Metals, Indices, Oil (EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, EURGBP, GBPJPY). It does not hold a spot crypto wallet, physical metal, or an oil futures membership. Your broker holds the funds.
Questions about algo trading
What does FTA Price Action do?
A pin or engulfing candle must close beyond the prior bar. The stop sits beyond that candle. One position at a time. The EA opens the website and skips the order if the license file is missing, the account id does not match, or the validity date has passed.
Which markets can FTA Price Action run on?
Use it on forex, metals, indices, oil symbols your broker already offers, typically EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, EURGBP, GBPJPY. The spread filter and the session window still apply.
Does FTA Price Action guarantee a profit?
FTA Price Action is marked medium risk. The stop and the daily loss lock are part of the rule. Historical samples are not a forecast, and the broker can widen the spread.