Eternal Engine EA (Free Download)
Eternal Engine EA is an automated trading tool designed for the MetaTrader 4 (MT4) platform. It helps traders execute trades automatically, removing the need to constantly monitor the markets.
Eternal Engine EA was developed by Wei Tu, a Forex trading specialist with a vision to create an automated tool that simplifies trading and delivers consistent results. His mission was to design an EA that is both adaptable and user-friendly, catering to the diverse needs of traders, from beginners to seasoned professionals. By focusing on customizability and advanced algorithmic solutions, Wei Tu sought to provide you with a reliable partner in navigating the complexities of the Forex market.
How it works
Eternal Engine EA operates using a combination of advanced trading strategies, including breakout trading and scalping. It analyzes market data in real time to identify trading opportunities and places trades automatically. The EA works continuously, ensuring that you don’t miss any potential opportunities, even during off-hours.
Eternal Engine EA uses a sophisticated multi-strategy approach to trading:
- Trend Following
- Detects strong market trends using moving averages
- Enters trades aligned with the current market direction
- Uses trailing stop-loss to protect and lock in profits
- Counter-Trend Trading
- Identifies overbought or oversold market conditions
- Uses oscillators and divergence indicators
- Enters trades when a potential market reversal is expected
- Sets conservative stop-loss levels
- Breakout Trading
- Monitors key support and resistance levels
- Executes trades when price breaks significant levels
- Indicates potential market momentum
- Uses tight stop-loss to manage false breakout risks
- Scalping
- Targets low-volatility periods
- Captures small price movements
- Enters and exits trades rapidly
- Limits exposure per trade to reduce overall risk
Trade Execution:
- Automatically calculates optimal lot sizes
- Adjusts trading volume based on account balance
- Implements strict stop-loss and take-profit measures
- Operates across multiple timeframes (M15, H1)
Key Features
- 24/7 Trading: Trades continuously across different market sessions.
- Customizable Settings: Includes adjustable grid distance, volume multiplier, and risk parameters.
- Multi-Currency Capability: Supports pairs like GBPUSD, EURUSD, AUDCAD, and AUDNZD.
- Adaptable to Timeframes: Works effectively on M15, H1, and other timeframes.
- Drawdown Control: Features options to set acceptable drawdown levels.
- Spread Resilience: Performs well even with variable spreads and slippage.
Key Advantages for Traders
- Time-Saving: Trades automatically without constant monitoring
- Flexible Risk Management: Adjustable settings to match your risk tolerance
- Multiple Strategies: Uses different approaches to capture trading opportunities
- Easy Setup: Simple installation and configuration
- Suitable for Different Traders: Works for beginners and experienced traders
- 24/7 Trading: Operates across different market sessions
The download package of the product includes:
- Experts: Eternal Engine EA.ex4
- Presets: 1.98_High_Risk_MT4.set, 1.98_Low_Risk_MT4.set and 1.98_MediumHigh_Risk_MT4.set
- Installation Guide from forex-hacked.com
Conclusion
In conclusion I would like to mention that Eternal Engine EA offers a versatile and reliable tool for automated trading on MetaTrader 4. With Wei Tu’s expertise embedded in its design, the EA delivers a balance of adaptability and precision, making it a valuable tool for both newbies and experienced traders.
Contact me: trent@trentbaxter.com
