Forex trading has been revolutionized by advanced software and the EA Pivot MT4 FR is no exception. This reliable Forex software is an automated Expert Advisor (EA) with an impressive 99.99% accuracy rate. It is a free version of a fully automatic EA, designed specifically for MT4, a popular Forex trading platform.
Unique Trading Strategy
The EA Pivot MT4 FR uses a distinct Forex strategy, focusing on trading from predefined levels rather than relying on late indicators. This method of trading is largely accepted as a more reliable approach since indicators often provide signals several bars late. The software calculates support and resistance levels using the Pivot Point system, a method pioneered by analyst Rudolf Axel. This system has earned Axel recognition as a leading figure in the use of Pivot-levels, hence the name EA Pivot SR โ short for EA Pivot Support & Resistance.
Trading Procedure
Designed for intraday trading, the EA places pending orders at calculated levels. These orders are set once daily at a specified time and are deleted at the end of the trading day if not activated. The EA sports a trailing system, which users can enable or disable according to their preference. This Forex tool is not sensitive to spread, but it is advisable to use it with ECN type accounts with minimal spreads for optimal results.
Exiting the Market
The EA Pivot MT4 FR uses Stop Loss and Take Profit levels to exit the market. If the price goes against an open position, the software constructs a small averaging grid. Itโs also possible to hedge the grid. Regardless of the brokerโs hedging margin, users can select the initial deposit and trading volumes in the strategy tester.
Money Management and Free Version Limitations
The EA provides various functions for automatically calculating the volume of positions based on account balance or free margin. This feature aids in effective money management. However, the free version of the EA has certain limitations including a fixed lot, inability to close by a percentage of profit or loss, and it doesnโt offer semi-automatic trading or push notifications about trading to a smartphone.
Independent Forex Software Review
This Forex software review is purely independent, with no affiliations to the product. Users are encouraged to share their experiences using the EA Pivot MT4 FR. For those interested in independent testing of this product, you can visit the forexroboteasy.com website and also subscribe for updates on the results of this product testing.
FAQs
1. What is the EA Pivot MT4 FR?
It is a reliable Forex software with 99.99% accuracy, designed for MT4 trading platform.
2. What trading strategy does the EA Pivot MT4 FR use?
It uses a strategy based on trading from levels, using the Pivot Point system for calculating support and resistance levels.
3. What are the limitations of the free version?
The free version only offers one strategy, has a fixed lot, and lacks the ability to close by a percentage of profit or loss, among other limitations.
4. Where can I independently test the EA Pivot MT4 FR?
You can independently test the product on the forexroboteasy.com website and subscribe for updates on the test results.
In conclusion, the EA Pivot MT4 FR presents a unique approach to Forex trading, combining high accuracy, reliable market analysis, and user-friendly features. Itโs a versatile tool that caters to both new and experienced traders in the Forex market.
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