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Encrypter 2 EA is an automated expert advisor for MetaTrader 5 that combines MACD and Parabolic SAR signals to open and manage trades. It was tested by its author on EURUSD H1 and works on hedging accounts.
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Encrypter 2 EA is an automated trading robot for MetaTrader 5. It reads the market with two well-known indicators, MACD and Parabolic SAR, and places trades on your account when its conditions are met, so you do not need to watch the chart all day.
The EA follows a momentum approach. MACD is used to judge the direction and strength of price movement, while Parabolic SAR helps to identify where a move may be turning or continuing. The strategy is also tagged for support and resistance, meaning entries are considered in relation to price areas where the market has previously reacted. When the rules line up, the EA opens a trade without manual input and then manages it according to its settings.
Because the EA runs on its own, it removes the need to click each order by hand. It is described as compatible with hedging accounts, which allow more than one position on the same symbol. Confirm your account type with your broker before you start.
The author's own testing used EURUSD on the H1 timeframe with a lot size of 0.1. These are the conditions that were reported, and they are the most sensible place to begin.
| Item | Reference value |
|---|---|
| Symbol | EURUSD |
| Timeframe | H1 |
| Lot size in testing | 0.1 |
| Deposit reference | 1000 |
| Leverage | Stated as any |
Other pairs and timeframes are possible but untested here, so check them yourself before trading live.
The EA is adjustable, so you can tune it to your own style and risk level. Open the Inputs tab when you attach it to a chart and read each parameter carefully. Look in particular at the lot size or risk options, stop loss and take profit values, and any indicator periods. Exact parameter names and default values can differ, so do not assume them; test any change in the Strategy Tester or on a demo account first.
Trading carries risk, and you can lose some or all of your capital. Backtest results, including those reported by the author, do not predict future results. Spreads, slippage, broker execution and changing market conditions can all produce different outcomes from a test. Use a demo account first and only risk money you can afford to lose.
Run it on a demo account for a period before moving to a live account, and check that your broker permits automated trading and offers the account type you need.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Momentum, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy style | Momentum, support and resistance |
| Indicators used | MACD and Parabolic SAR |
| Reference market | EURUSD (the symbol used in the author's testing) |
| Reference timeframe | H1 |
| Account type | Hedging-compatible; leverage stated as any |
| Deposit reference | 1000 was given for testing; confirm for your broker |
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No. It is an MT5 expert advisor and will not load in MetaTrader 4. You need the MetaTrader 5 terminal from your broker or from the platform developer.
The author's testing used EURUSD on the H1 chart, so that is the sensible starting point. Other symbols or timeframes may behave differently, so test them on a demo account before using real money.
The EA is described as compatible with hedging strategies. Check with your broker which account type you have, and run it on a demo account of the same type first to see how it handles positions.
Copy the downloaded file into the MQL5/Experts folder via File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag the EA onto a chart and allow algorithmic trading. The article below lists the steps in order.
A figure of 1000 was used as a reference in the author's testing, with a 0.1 lot size. The right amount depends on your broker, account currency, lot size and risk tolerance, so adjust the settings to suit your balance and test first.
Yes. The EA exposes input parameters that you can change in the properties window. Review each input and test changes in the Strategy Tester or on a demo account before applying them live.
Encrypter 2 EA
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