A Sound Trading Plan
Have a sound, consistent Trading Plan.
Better still, have a good MT4 EA that will handle any Market Condition and be Perpetual in use.
Market changes will ruin any EA if not Coded Right!!
Trading Styles the EA Can Be Coded For
The MT4 EA can be coded to trade the following styles:
Scalper
Short-term trading style.
Day Trader
Trading within the day.
Position Trader
Longer-term positions.
Swing Trader
Trading market swings.
Hedge Trading
Hedging approach where permitted by account conditions.
Market Conditions Matter
Market changes can affect an Expert Advisor when it is not coded correctly. The purpose of the trading software is to provide a trading program intended for continuing use rather than a system designed to work for only a short period.
The actual trading setup still depends on the account type, broker conditions, leverage and other operating requirements described elsewhere on my site.
Account Setup and Trading Objective
The EA can be configured to suit the selected trading style and risk tolerance. The account-style and risk pages explain those functions separately.
One Important Rule
Testing matters. The Demos page explains why the demo setup should use conditions equivalent to the intended live setup before moving to actual trading.