In the world of Forex trading, having the right tools is crucial. Eagle MT4 EA, an expert advisor that employs a traditional combination of Hedging and Grid Strategy, is one such tool. It is designed to perform complex trading activities efficiently and automatically in the foreign exchange market.
Key Functionality
Eagle MT4 EA works by initiating two buy and sell orders, then based on the market direction, it proceeds to open orders of larger lot sizes against the market movement. This Forex Robot continues this pattern until all buy and sell orders reach a specific profit. After which, it restarts the strategy from the beginning, creating a continuous cycle of profit generation.
Trade Options and Profit Settings
Flexibility is a standout feature of the Eagle EA. It offers the ability to trade both Buy and Sell, Buy Only, or Sell Only. Moreover, you can opt to take the profit from all orders, from Buy orders only, or from Sell orders only. The profit is then reflected in the account currency.
Customizable Settings
A comprehensive array of settings options is available with Eagle MT4 EA, allowing users to tailor their trading strategies. Some of the customizable parameters include the maximum number of open orders, initial lot size, auto lot size based on free margin, and the free margin amount for auto lot size. Users can also control the lot size increment, multiple lots for each order, or use a fixed lot for each order.
Additional settings include the maximum lot size to open a trade, minimum distance to open an order, maximum allowable spread to trade in points, and minimum profit for both buy and sell orders. Users can also set the take profit and stop loss in the account currency.
Independent Testing and Updates
Forex traders interested in Eagle MT4 EA can view independent testing of the product on the forexroboteasy.com website. Subscribing to updates on the testing results of the product is also an option, providing a real-time performance evaluation.
Frequently Asked Questions
What is the primary strategy of Eagle MT4 EA?
The primary strategy of Eagle MT4 EA is to open buy and sell orders simultaneously. Depending on the market direction, it starts to open orders with a higher lot size against the market direction.
What are the trade options available with Eagle MT4 EA?
Eagle MT4 EA offers the ability to trade both Buy and Sell, Buy Only, or Sell Only.
Can users customize the settings of Eagle MT4 EA?
Yes, Eagle MT4 EA provides a comprehensive array of settings options, allowing users to tailor their trading strategies.
Where can users find independent testing of the Eagle MT4 EA?
Independent testing of the product is available on the forexroboteasy.com website.
We encourage readers who have used the Eagle MT4 EA to share their experiences. Remember, this is an independent review of the product, and we value your input. Happy trading!
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