PARAMOUR OPPENHEIMER EA is an intraday scalper Forex EA designed by PARAMOUR FOREX TRADER team for amateur and professional traders. It implements an algorithm for opening orders based on the analysis of the tick flow of Ask and Bid prices. This Expert Advisor is fully automated and does not require any manual adjustments. But for experienced traders, there is a capability to intervene or trade manually.
Optimize your forex trading with PARAMOUR OPPENHEIMER EA for MT4. This expert advisor is designed for precision and efficiency in scalping strategies. Unlock the power of advanced algorithms to navigate market fluctuations with confidence.
PARAMOUR OPPENHEIMER EA MT4 is your key to achieving strategic success in the dynamic world of forex trading. Elevate your trades and explore the possibilities with this cutting-edge scalping solution.
This SMART Forex EA works best when the price moves in a range. PARAMOUR OPPENHEIMER EA manages to cover losses from orders still in the market with a profit from closed orders. But if you leave orders not closed, then this will lead to the consumption of all profit by orders in the market. Therefore, the PARAMOUR OPPENHEIMER EA implements the “Earnings in the TIME INTERVAL” algorithm.
How “Earnings in the TIME INTERVAL” algorithm works in this FREE Forex EA
- The Expert Advisor puts a timestamp; in the info panel called Time-Point, it’s the beginning of the time interval.
- The EA calculates the profit from closed orders by EA setting after this time.
- The EA calculates profit/loss from open BUY and SELL orders every tick.
- The advisor analyzes the amount of profit from “closed orders in EA time interval” + “profit/loss from open orders” and when this value exceeds the planned TP in money, the advisor closes all open orders and, after closing, rearranges Time-Point to the current time, thereby starting a new time interval.
- When “Current Profit” is greater than “Daily Target Profit ” all orders will be closed and a new cycle (time interval) will begin.
How does OPPENHEIMER EA work?
Algorithm: at the beginning of the day, the analysis of price movement begins. The hour from which the analysis starts is set in the input parameters. Based on this analysis and the built-in filters for filtering out days with false signals, the robot makes a decision on the justification of trading on this day. Further, by performing a differentiated analysis of the price movement trend, it calculates the order opening point. The size of TP is calculated depending on the range of price movement, and the predicted potential of price movement.
The PARAMOUR OPPENHEIMER EA is fully automated so it will do all the trading for you, just keep in mind that it is a smart robot that you can prepare a customized robot for yourself by changing the settings.
If trading with The PARAMOUR OPPENHEIMER EA, highly recommended use a true ECN forex broker which can help us to lower our trading costs as we find they have some of the best bid / ask prices primarily due to the vast amount of liquidity that they have.
The PARAMOUR OPPENHEIMER EA can be used by any level of trader from beginners to the more advanced traders amongst you. It comes with easy to follow setup instructions provided by the developers who state that you can get up and running in less than 5 minutes. They are also on hand to assist you should you need help during the installation process.
PARAMOUR OPPENHEIMER EA can open up to 300–400 orders during the trading process. Many brokers limit the maximum number of orders opened to 200. If you have 200 open orders, and you want to open another one, the terminal will not open and return error 148. But don’t let that bother you.
Many brokers limit the maximum number of orders opened in the terminal. As a rule, now, many brokers have 200 orders. So, if you have 200 open orders, and you want to open another one, the terminal will not open and return error 148. This PARAMOUR OPPENHEIMER EA can open 200 orders in the process. Therefore, the advisor has an integrated algorithm for analyzing orders opened by other advisors or settings of this advisor.
The Best Times to Trade the Forex Markets
Currency trading is unique because of its hours of operation. The week begins at 5 p.m. EST on Sunday and runs until 5 p.m. on Friday.
Not all hours of the day are equally good for trading. The best time to trade is when the market is most active. When more than one of the four markets are open simultaneously, there will be a heightened trading atmosphere, which means there will be more significant fluctuation in currency pairs.
When only one market is open, currency pairs tend to get locked in a tight pip spread of roughly 30 pips of movement. Two markets opening at once can easily see movement north of 70 pips, particularly when big news is released.
1.Sydney Session (Asian Session):
- Hours: 22:00–07:00 GMT
- Best pairs to trade: AUD/USD, NZD/USD, USD/JPY
2.Tokyo Session (Asian Session):
- Hours: 00:00–09:00 GMT
- Best pairs to trade: USD/JPY, EUR/JPY, AUD/JPY
3.London Session (European Session):
- Hours: 07:00–16:00 GMT
- Best pairs to trade: EUR/USD, GBP/USD, EUR/GBP
4.New York Session (North American Session):
- Hours: 13:00–22:00 GMT
- Best pairs to trade: USD/JPY, EUR/USD, GBP/USD
5.Overlap Sessions:
- The best times to trade often coincide with session overlaps. The most significant overlap occurs between the London and New York sessions, which typically lasts from 13:00 to 16:00 GMT. During this period, you can experience increased volatility and trading opportunities.
6.Weekends and Market Closures:
- The forex market is closed from Friday evening (around 22:00 GMT) to Sunday evening (around 22:00 GMT). Some currency pairs may be less liquid during the weekends.
Setting the scalper time and the time filter algorithm
- If at least one order is opened based on indicators signals, the adviser will open subsequent ones and accompany them until closing according to the “TAKE PROFIT”. He will not close it at a loss on the total profit in the “Time Interval.”
- At the time allowed for trading, the robot receives “permission” from internal indicators to open the “first order” in direct or revers signal direction.
- Setting the robot activity hours based on the type of currency pairs – leads to the opening of the first order, regardless of the prohibitive settings (working time setting or there are orders of other advisers in the market).
- Also, you close all the trades at the end of each session, EA will stop trading until the next trading time.
Features
- Perfect entry and exit points
- Price plotting creates an accurate road map of where the price has been and where it is going.
- Accurate Stop Loss and Take Profit
- Tight SLs and TPs protect your balance and secure profit while minimizing risk per trade.
- Lock in profit as the price keeps moving
- Automated protective stops move behind each candle to lock in profit while the trade remains open.
- No complex strategies to learn All the grid trading rules are coded directly into OPPENHEIMER. No need to study charts or crunch numbers.
- Trading never stops
- OPPENHEIMER monitors the market 24 hours a day, 5 days a week. Never miss a trade because you’re sleeping.
- Diversify your forex equity instantly
- Never put all of your eggs in one basket. OPPENHEIMER is a quick way to diversify your account equity and lower risk.
- Keep your broker honest
- Forex brokers are not your friend. OPPENHEIMER’s new indicators keeps sensitive information away from your broker.
- Works with any account size, big or small
- Built-in money management calculates the safest lot size for you automatically. Micro, mini, and full lots are supported.
- A clean and informative visual interface
- OPPENHEIMER’s modern UI and the user-friendly interface let you see exactly what it is doing at any point in time
Recommendations for PARAMOUR OPPENHEIMER EA
- Minimum Account Balance of 500$ for minimum risk
- Works best on EURUSD, AUDUSD, NZDJPY, AUDJPY, USDCHF, and GBPUSD (Work on any pair)
- Work Best on H1 and H4 Timeframes. (Work on all timeframes)
- Highly Recommend studying the manual before using this EA.
- To reach stable results, PARAMOUR OPPENHEIMER EA should work on VPS without interruption and with low latency.
- Low spreads, low commissions, and a quality execution account is also Recommended
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