Leprechaun EA: Discover Hidden Profits with a Touch of Trading Magic for MT4 (Build 1420+)

Overview

Leprechaun EA is a trading tool that uses powerful indicators such as Zigzag and Fractals to identify support and resistance levels and make trading decisions based on that. The expert advisor uses successive stop-loss orders to enhance profits in case the current trade reverses.

• Vendor website: https://www.mql5.com/en/market/product/78928

Essential Features

• Leprechaun EA uses intelligent trading algorithms, effectively managing risk and automatically placing stop-loss and take-profit orders to maximize profits and minimize losses.
• It is also adaptable to varying and volatile market conditions, seizing opportunities by monitoring the market throughout the day.

Who Should Use Leprechaun EA?

Leprechaun EA is suitable for all professional and beginner traders as it improves their trading performance in the Forex market. Whether you are looking for an easy way to make profits in the Forex market or a trading method different from manual trading, the Expert can help you with that.

Advantages

Leprechaun EA has been tested before and has proven remarkably successful. It also features risk management for each trade that is appropriate to the account capital and The expert works 100% automatically, as there is no need for manual intervention.

Disadvantage

• One of the disadvantages is the total dependence on the market. The expert depends greatly on the conditions and movements of the market, and in cases of unexpected fluctuations, the results may be completely unpredictable. Also, the expert has been programmed in advance on certain conditions, so if these conditions are met, it will completely ignore important economic news and events.

System Setup

• Chart Configurations: Each Expert Advisor must be established on each chart that you wish it to examine and trade. There’s no need to fret over supplementary installation files since the EA functions independently on every chart.
• Flexibility in Chart Names: There’s no requirement to alter chart names with prefixes or suffixes that could impact the performance of the Expert Advisor.
• Select a Broker with Low Spreads: Expert Advisors are highly sensitive to price variations. Opt for an ECN broker with minimal spreads to enhance trading effectiveness and profitability.

Leprechaun EA MT4 Feedback

Configuration

• Trading Platform : MT4
• Currency Pairs : GBPUSD, EURUSD, and USDJPY.
• Operational Time Frames : H1
• Minimum Investment : 100$
• Product Category : NoDLL / Unlimited / Fix

How to install Leprechaun EA

1 – Download the Expert

Download the Expert file from the email sent to you

How to Extract a File from Winrar?

First, if you don’t have Winrar here is the download link, download and install

https://www.win-rar.com/download.html?&L=0

Right-click on the WinRAR file and select ‘Extract Here’ to extract the files in the current location. Alternatively, choose ‘Extract to’ if you want to extract the files into a specific folder.

2 – Add the Expert to the platform

• Open the trading platform and choose File –> Open data folder
• Then go to the MQL4 folder –> Experts

(if the expert works on MT5 then you will choose MQL5 instead)

• Put the Expert file in this folder
• restart the platform

3 – Run the Expert

• Choose the appropriate pair for the Expert and then drag the Expert from the navigator window and place it on the chart (or simply Double click on it)
• Make sure that auto trading is activated in the platform and the Expert as well

Conclusion

Leprechaun EA works on smart trading algorithms as it uses zigzag and Fractals indicators and works on effective risk management to protect capital from losses.