Trend and Counter trend Project

Overview of the Forex EA

This article presents an independent review of the Forex Expert Advisor (EA), a tool specifically designed for scalping trend and counter trend strategies in the Forex market. Developed following numerous feedback and in-depth conversations with traders, this EA has been fine-tuned to be one of the best in its class.

The EA utilizes a complex algorithm that carries out multiple calculations on the chart to determine the optimum entry point. This intricate process helps to circumvent sudden market changes, news, and other unpredictable factors. The algorithm is based on past market reactions and is constantly trained to anticipate future scenarios.

Three-in-One Forex Strategies

What sets this EA apart from the rest is that it offers three unique strategies for scalping the trend and counter trend. This feature enhances the scope of the EA, making it adaptable to almost every possible scenario in the Forex market.

Key Inputs and Recommendations

For optimal performance, the EA comes with a set of recommended settings and inputs. It is suggested to use it with the GOLD pair on a 1-minute time frame (TF), although it can also work on 5M and 15M TFs. A minimum balance of 3000 units of your account’s currency is recommended, with the rule of thumb being that the more, the better in the Forex world.

Managing Multiple Trades

If you intend to run multiple gold charts with the same EA on the same MT4 platform, it’s essential to set different magic numbers for each. The EA also offers a range of options for managing multiple trades, including a setting for the minimum distance between trades in pips, the distance between the 1st and 2nd position, and the maximum number of sells and buys.

Advanced Money Management Features

The EA includes advanced money management features, such as an automatic lot increase after accumulating a certain amount of profit and a feature that closes all positions when a specified loss limit is reached. The EA also allows users to set the maximum lot a position can have, and the TP in pips for 1 or 2 positions, or for 3 or more positions.

Frequently Asked Questions (FAQ)

What is the Forex EA?

The Forex EA is an Expert Advisor tool designed for the Forex market. It utilizes complex algorithms to determine the best entry points for trades, avoiding news and sudden market changes.

What are the recommended settings for the Forex EA?

The recommended settings include using the GOLD pair on a 1M TF, and maintaining a balance of at least 3000 units of your account’s currency. Other settings can be adjusted according to the user’s preference.

What are the advanced money management features?

The advanced money management features include an automatic lot increase after accumulating a certain profit, and the ability to close all positions when a specified loss limit is reached.

Where can I find independent testing for the Forex EA?

Independent testing of the Forex EA can be found at the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product on the same website.

We invite all users of this product to share their experiences and insights. This helps to create a broader perspective of the product’s performance and can assist other traders in making informed decisions about its use.

This review is independent and not associated with the creators of the Forex EA. It is written in the third person to provide a professional and unbiased perspective.