EA Choppa MT4 and MT5 (Works on Build 1420+) | Forex Robot | MT4/MT5 Expert Advisor

EA Choppa is an advanced trading robot compatible with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. It uses cutting-edge algorithms to analyze market conditions and automate trade executions, aiming to improve trading efficiency and profitability. Its cross-platform functionality ensures traders can benefit from its features whether they use MT4 or MT5.

Overview

Choppa EA is a fully automated Expert Advisor designed for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. It aims to turn unprofitable traders into profitable ones through real-time market scanning and automated trading.

Key Features

• Minimum Deposit: To use Choppa EA effectively, we recommend a minimum account balance of $100.
• Time Frame: The EA works best on the M5 time frame.
• Currency Pairs: While Choppa EA primarily focuses on trading indices such as US30 (DOW30/DJI) and US100 (USTECH), it has also been observed trading currency pairs like GBPUSD and EURUSD, as well as commodities like XAUUSD (Gold).
• Risk Management: Each transaction is protected by predefined stop loss and take profit levels, ensuring risk management.

Trading Strategy

Choppa EA combines technical indicators and price action analysis to identify short-term trading opportunities. Here’s how it operates:

1. Technical Indicators: Choppa EA uses a combination of indicators, including:
   • Relative Strength Index (RSI): To gauge overbought or oversold conditions.
   • Parabolic SAR: For trend direction.
   • Exponential Moving Averages (EMA) and Simple Moving Average (SMA): To assess price trends.
   • Average Directional Movement Index (ADX): To measure trend strength.
2. Trading Frequency: When set to the recommended M5 time frame, Choppa EA opens approximately 8-12 trades per day.
3. Avoidance of Risky Strategies: Choppa EA avoids risky approaches like martingale and grid systems.

Backtesting and Optimization

1. Backtesting:
   • Gather historical price data for the desired currency pairs.
   • Set up backtesting within MT4 or MT5 using Choppa EA and the chosen data.
   • Analyze results, focusing on profitability, drawdown, and win rate.
2. Optimization:
   • Adjust Choppa EA’s parameters (entry/exit criteria, money management, trailing stops).
   • Run multiple backtests with different settings to find the optimal configuration.
   • Validate the final model using techniques like Monte Carlo simulation or out-of-sample testing.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

• Experts: EA Choppa MT4.ex4
• EA Choppa MT5.ex5
• CHOPPA VERSION 1_fix.ex4
• Auto SL and TS.ex4

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an 'as is' basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.