Question 1

What type of strategy does First Shot EA MT4 use?

Accepted Answer

It is a volatility change trend scalper that detects unusually active volatility spikes compared to recent history and uses a simple Moving Average to filter trades in the direction of the prevailing trend.

Question 2

Is it safe to use?

Accepted Answer

Yes. It avoids Martingale and Grid methods and limits trading to only 1 open order at a time. Every trade includes mandatory Stop Loss and Take Profit.

Question 3

What is the risk level?

Accepted Answer

Medium — thanks to the conservative single-order mode and favorable risk-reward ratio (SL 300 / TP 500). The default 10% risk can be lowered for even safer trading.

Question 4

Is the Risk-Reward ratio good?

Accepted Answer

Yes. With Stop Loss = 300 and Take Profit = 500, the EA offers a solid 1:1.67 risk-reward ratio, which supports consistent long-term performance.

Question 5

Why are Max Spread and Slippage set so high?

Accepted Answer

These wide settings (Max Spread 400, Slippage 200) allow the EA to continue operating during periods of high volatility when spreads and slippage naturally increase.

Question 6

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders. Beginners should reduce the risk percentage and test thoroughly on a demo account first. The single-order mode makes it relatively easy to manage.

First Shot EA MT4Premium

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