HamzaFX EA MT4

Currency Pairs: XAUUSD GOLD

Timeframes:  M15

Minimum Deposit: $100

Recommended Account Type: ECN

Leverage: From 1:1500

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

HamzaFX EA is probably a trading advisor that uses algorithms to analyze the market and automatically execute trades on the MetaTrader 4 platform. Such EAs are usually created using the MQL4 programming language and are designed to simplify the trading process, minimize emotional decisions and provide 24/7 trading.

Main Features
1. Trading Automation:
– HamzaFX EA, like most MT4 advisors, most likely fully automates trading operations: opening, managing and closing positions.
– Can work 24/7, which allows traders not to miss opportunities even while sleeping or busy.

2. Trading Strategy:
– Judging by the name and typical characteristics of the EA, HamzaFX may be focused on scalping, trend trading or trading based on indicators (for example, RSI, Moving Averages, MACD).
– May support specific currency pairs such as EUR/USD or XAU/USD, which is common in similar instruments.

3. Risk Managemen:
– Likely includes risk management features such as setting Stop Loss (SL) and Take Profit (TP) levels.
– May support dynamic lot management depending on deposit size or risk level.

4. Setup and Customization:
– Like most MT4 EAs, HamzaFX should provide traders with the ability to customize parameters such as timeframes, indicators, risk levels, and trade volumes.
– Possibly supports backtesting via the built-in MT4 strategy tester.