TPA True Price Action EA MT4 – Accurate, Stable Profit

TPA True Price Action EA Review

In the fast-paced world of forex trading, having access to effective tools and strategies is essential. TPA True Price Action EA is a revolutionary automated trading system designed to streamline your trading experience, allowing you to focus on other important aspects of your life. With its straightforward yet powerful logic based on Bollinger Bands breakouts, this EA offers a reliable and efficient approach to trading. In this article, we will delve into the features and benefits of TPA True Price Action EA, explaining its methodology and highlighting its potential for success.

The Logic Behind EA

The foundation of TPA True Price Action EA lies in its utilization of Bollinger Bands breakouts for generating entry and exit signals. Bollinger Bands are widely recognized technical indicators that provide valuable insights into price volatility and potential price reversals. By employing breakouts of the Bollinger Bands, this EA identifies favorable trading opportunities and takes appropriate actions accordingly.

Version: V 1.5

Terminal: MT4

Year of issue: 2023

Working pairs: EURUSD, EURCHF, EURAUD, GBPCAD, USDCAD, USDCHF, and USDJPY

Recommended timeframe: M15

Best Brokers List

TPA True Price Action EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

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TPA True Price Action EA Settings

Stop Loss and Take Profit Levels

To manage risk effectively, TPA True Price Action EA incorporates reasonable stop loss levels, typically ranging between 20 and 60 pips. These levels are dynamically adjusted to account for the specific characteristics of each currency pair and prevailing market conditions. Traders have the option to set a small fixed take profit (TP) level between 4-8 pips or rely on the EA's exit logic to optimize profit-taking based on Bollinger Bands dynamics.

Exit Logic

The exit logic of TPA True Price Action EA complements its entry strategy by utilizing the same principles derived from the Bollinger Bands indicator. In situations where a trade is not performing as expected and the price approaches or breaks the opposite Bollinger Bands line, the EA will initiate an exit, even if it results in a loss. This innovative feature, driven by the BandBreakExit parameter, helps to protect capital and minimize potential losses during adverse market conditions. The optimal range for the BandBreakExit parameter is typically between minus one to plus one or two.

Recommended Timeframe and Supported Currency Pairs

TPA True Price Action EA operates most effectively on the M15 timeframe, offering a balanced combination of trading opportunities and manageable market noise. While the default settings are tailored for GBPUSD, the EA also provides support for various other currency pairs, including EURUSD, EURCHF, EURAUD, GBPCAD, USDCAD, USDCHF, and USDJPY. This wide range of supported currency pairs allows traders to diversify their portfolios and capitalize on multiple market opportunities.

Customizability and Optimization

TPA True Price Action EA offers a high level of customizability to suit individual trading preferences. Traders can adjust various parameters such as stop loss levels, take profit levels, and BandBreakExit range, allowing them to fine-tune the EA's performance to align with their specific risk appetite and trading style. Additionally, the EA provides pre-configured set files for each supported currency pair, simplifying the optimization process and enabling traders to quickly deploy the system.

Conclusion

TPA True Price Action EA is a powerful tool that streamlines forex trading, allowing traders to save time and effort while enhancing their chances of success. Whether you are a novice trader looking to automate your strategies or an experienced professional seeking to refine your trading approach, TPA True Price Action EA can be a valuable addition to your trading arsenal. Embrace the power of automation and unlock your trading potential with TPA True Price Action EA.

Download TPA True Price Action EA

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.

Disclaimer: Trading in the Forex market involves risk, and it is essential to conduct thorough research and seek professional advice before making any trading decisions. The information provided in this article is for educational purposes only and should not be considered financial or investment advice.