POW BANKER EA MT5 V8.991+SetFiles

Introduction POW BANKER EA MT5

POW BANKER EA MT5 from POW Darren is the powerful automated Forex trading system you’ve been looking for, built for MetaTrader 5. Honed over six years, this EA uses sophisticated algorithms to autonomously trade currency pairs and maximize potential gains. It operates 24/5, intelligently adapting to market changes. Plus, you’ll get access to an extensive video training library and a supportive community to help you succeed.

Official website: https://www.team-pow.com/

Technical Specifications

Key Features of POW BANKER EA MT5

Automated Trading: Eliminate the need for constant monitoring: the EA automatically executes trades, saving you valuable time otherwise spent on manual analysis.

Prop Trading Integration: Crafted with proprietary trading firm requirements in mind, potentially giving traders an edge in securing capital allocation.

Customizable Trading Sessions: Enjoy adaptable trading periods by personalizing your preferred times for the EA to operate.

Reduction of Decision-Making: The EA takes the guesswork out of trading by handling all decision-making, minimizing stress for the trader.

Diversified Trading Strategies: Designed for all markets, the system trades by using multiple strategies.

Risk Management: Robust risk controls are implemented, spreading potential losses across multiple approaches while respecting specified drawdown constraints.

Download, Installation and Usage Guide

Package Content:

• DLL:  Fix; api.dll; LauncEher.exe; Terminal64.exe
• Experts: POW_BANKER_EA_8.991.ex5
• Presets: eurusd m1.set; gbpusd m1.set
• start terminal with luncher.jpg
• webrequest.txt

This trading robot uses a custom DLL. Some antiviruses can block it and mark it as a virus. You need to make your antivirus «allow it». This false alarm is triggered because it is a custom DLL and is not verified by any publisher, but is required to unblock the advisor.

Step 1: Purchase and Download

1. Visit the Algofxbot.com website.
2. Navigate to the POW BANKER EA MT5 product page.
3. Click the “Buy Now” or “Add to Cart” button.
4. Complete the checkout process, providing the necessary information and payment details.
5. Upon successful payment, you will receive a download link for the POW BANKER EA MT5 file

Note: Because this EA unlocked using custom DLL, you need turn off antivirus to download this product.

Step 2: Install MetaTrader 5 (MT5)

1. If you don’t already have MT5 installed, download it from your Forex broker’s website or directly from the MetaQuotes website.
2. Install MT5 on your computer, following the on-screen instructions.

Step 3: Install POW BANKER EA MT5 in MT5

1. Copy all DLL files to root MT5 folder.
2. Start MT5 terminal with new luncher.
3. Click on “File” in the top menu, then select “Open Data Folder.”
4. This will open a Windows Explorer window. Navigate to the “MQL5” folder, then the “Experts” folder.
5. Copy the POW_BANKER_EA_8.991.ex5 file that you downloaded into the “Experts” folder.
6. Close the “Experts” folder and restart MetaTrader 5.

Step 4: Activate POW BANKER EA MT5 ( Setting)

 General Settings

• Allow New Sequence: True → The EA is permitted to start new sequences of trades. / New trade sequences can be initiated by the EA.

• Magic Number: 777 → A unique identification code to distinguish these trades from those of other EAs. / A specific identifier used to differentiate this EA’s trades.

• Trade Comment: Customizable field to track EA-based trades. → A user-editable note field for tracking trades originating from this EA. / Allows users to add custom comments to identify and track trades executed by the EA.

• Use Random Entry Delay: True → Introduces a randomized delay before trade entry to avoid broker identification. / Random delays are added to trade entries to prevent detection by brokers.

• Max Spread: 0.0 → No spread limit; trades are executed regardless of spread size. / Spread limit is disabled; trades are executed even with wide spreads.

Trade Sequencing Settings

• ATR Period: 1000 → Period used for Average True Range calculation, which measures market volatility for trade placement. / The period setting for the Average True Range (ATR) indicator, used to gauge volatility and determine trade placement.

• Pip Step Multiplier: 15.0 → Determines the spacing between trades based on the market’s volatility. / Sets the distance (in pips) between consecutive trades, influenced by market volatility.

• Pip Step Exponent: 1.2 → Dynamically adjusts trade placement relative to market conditions. / Fine-tunes trade placement dynamically based on market conditions.

• Delay Trade Sequence: 3 → Introduces a delay in seconds before opening subsequent orders in a sequence. / A delay (in seconds) is applied before opening subsequent orders within a trade sequence.

• Maximum Orders: 20 → Limits the total number of trades that can be open at the same time. / The maximum number of simultaneous open trades is limited to 20.

 Take-Profit & Stop-Loss Settings

• Stop Loss Multiplier: 0.0 → No fixed stop-loss is used; the EA relies on alternative risk management techniques. / A traditional stop-loss is disabled; instead, the EA relies on alternative methods of risk control.

• Take Profit in Pips: 0.0 → The EA uses a risk/reward ratio instead of a fixed take-profit level. / Instead of a fixed take-profit in pips, the EA uses a risk-to-reward ratio.

• Take Profit Risk/Reward Ratio: 3.0 → Aims for profits that are three times greater than the potential risk on each trade. / The target profit is set to three times the potential risk for each trade.

• Trailing Stop ATR Multiplier: 5.0 → Adjusts the trailing stop dynamically based on market volatility as measured by the ATR. / The trailing stop dynamically adjusts according to market volatility (ATR).

• Lock Profit Multiplier: 30.0 → Once profits reach 30 times a specific level, profits are locked in to prevent losing them. / Profits are secured once they reach a predetermined threshold, protecting gains.

 Lot Size & Risk Management

• Lot Size: 0.35 → The initial lot size used for the first trade in a sequence. / The starting trade size is set to 0.35 lots.

• Lot Size Exponent: 1.2 → Increases the lot size progressively with each subsequent trade in a sequence. / The lot size increases incrementally with each new trade in the sequence.

• Risk Percentage: 0.0 → A fixed lot size is used instead of calculating risk as a percentage of account balance. / A fixed lot size is used instead of basing the trade size on a percentage of the account balance.

• Max Lot Size: 0.0 → There is no limit on the maximum lot size the EA can use. / The EA is permitted to use any lot size without any restrictions.

Weekend Closure & Trading Sessions

• Close for Weekend: False → Trades are allowed to remain open over the weekend. / Open positions are not closed before the weekend.

• Custom Trading Sessions: Not Enabled → The EA trades continuously throughout the entire week, within the specified hours. / The EA operates continuously throughout the week without specific session restrictions.

• Trading Hours: 00:00 – 23:59 (Monday-Friday) → Operates 24 hours a day, 5 days a week. / Trades around the clock, five days per week (24/5 operation).

 Equity Protection & Recovery System

• Max Running Loss: 0.0 → There is no pre-set limit on how much equity the EA can lose. / No maximum equity loss is specified.

• Restart EA After Loss: Restart Next Day (01:00) → The EA will automatically restart the trading sequence after a loss at 1:00 AM the next day. / After a loss, the EA will automatically resume trading the following day at 1:00 AM.

• Daily Profit Target: 0.0 → There is no fixed profit target set for each day. / The EA does not have a pre-determined daily profit goal.

• Ultimate Equity Target: 0.0 → There is no predefined overall target for account growth. / No specific long-term equity target has been set.

• Global Equity Stop: 0.0 → There is no automatic stop that closes all trades when a certain equity level is reached. / There is no overall equity-based stop-loss.

 Technical Indicator Filters

• Use RSI: False → The Relative Strength Index (RSI) filter is not active. / The RSI filter is disabled.

• EMA Trend Strategy: Enabled → The EA uses an Exponential Moving Average (EMA) to identify the prevailing trend. / The EA identifies trends using an Exponential Moving Average.

• ADX Threshold: 30.0 → The ADX must be above 30 for the EA to consider a trend strong enough to enter a trade. / A trend strength of 30 or higher is required for trade entry.

• Use Bollinger Bands: Off → Bollinger Bands are not being used as part of the EA’s trading strategy. / Bollinger Bands are not utilized for trade decisions.

High-Impact News Filter

• Use News Filter: False → The EA will not avoid trading during high-impact news events. / The news filter is inactive, and the EA will trade regardless of news releases.

• USD News Impact: True → The EA monitors news events that affect the US dollar, but will not pause trading./The EA is aware of news with USD relation.

• Hours Before News to Stop Trading: 1.0 → Stops trading an hour before news events.

• Hours Before News to Stop Trading: 1.0 → Trading is paused 60 minutes prior to important news announcements. / Trading is halted one hour before news releases.

Inverse Trading & Optimization

• Inverse Trading: False → The EA will not open opposite trades if the current trades are losing. / The EA does not employ inverse trading strategies during drawdowns.

• Max Daily Loss Trail: 0.0 → There is no trailing stop applied to daily losses. / There is no daily trailing stop-loss in place.

• Trade Duration Limits: Disabled → No maximum time limits for trades to stay open. / Trades can remain open indefinitely.

Why You Should Buy from Algofxbot?

• Affordable alternatives to overpriced developer offers
• High-performance trading bots for MT4 & MT5
• Free future updates included
• Full installation and after-sales support
• Secure, encrypted checkout process
• Fast, instant delivery of your EA

Whether you’re a beginner exploring automated trading or an experienced trader looking to scale your strategy, AlgoFXBot.com is your trusted partner in the world of algorithmic trading.

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To learn more about Forex Robots, Forex EAs, and other trading tools, visit Algofxbot’s website. We provide a range of automated trading solutions to help you optimize your trading strategy.