Among the many software solutions available in the market for Forex trading, the EA Mata Elang Pro has emerged as a significant player. This trading robot, primarily designed for Forex scalping, employs a complex algorithmic approach to determine trend behaviour and execute trades. Here is an in-depth review of its features, usability and performance.
Scalping Strategy and Trend Following
The main highlight of the EA Mata Elang Pro is its emphasis on Scalping Strategy and Trend Following. Scalping strategy, a popular approach in Forex trading, aims to make profits from small price changes. The EA Mata Elang Pro takes this a notch higher by not just focusing on the scalping strategy but also following market trends. The software utilises a multi-complex algorithm, which helps it to determine trend behaviour accurately. This approach reduces the risk of false signals and increases the potential for steady profits.
Use of Multiple Indicators
Another characteristic feature of the EA Mata Elang Pro is the use of multiple indicators to maintain false signals. This means that the software is designed to validate its signals with more than one metric, thereby enhancing the accuracy of the trades. This feature can be quite beneficial for traders who seek to minimise the risk of losses due to false signals.
Optimised for GBPUSD
Although the EA Mata Elang Pro can be used with various currency pairs, it is particularly optimised for GBPUSD. This implies that the software has been tested extensively and fine-tuned for trading with this specific currency pair. However, this should not limit its usability with other currency pairs.
Recovery Mode
The EA Mata Elang Pro also comes with a recovery mode, which is activated when the price moves against the traderโs position. This feature aims to mitigate potential losses and help traders recover from unfavorable market conditions.
Backtesting and Independent Testing
Backtesting is a crucial aspect of evaluating any trading software. It involves running the software on historical data to determine its effectiveness. In the case of EA Mata Elang Pro, backtesting results have shown promising performance, even with a low balance. One can view these tests on independent testing platforms such as forexroboteasy.com, where users can also subscribe to updates on the productโs testing results.
FAQs
What is the minimum balance required to use EA Mata Elang Pro?
The EA Mata Elang Pro recommends a minimum balance of $3000 or $30 using Cent. However, it is advisable to start with a comfortable amount and gradually increase your investment as you gain confidence in the system.
What is the recommended time frame for using EA Mata Elang Pro?
The recommended time frame for using this software is M15. This means that the system analyses market trends and executes trades based on 15-minute intervals.
Can I use EA Mata Elang Pro with other currency pairs apart from GBPUSD?
Yes, although the software is optimised for GBPUSD, it can be used with other currency pairs as well.
This independent review aims to provide a comprehensive understanding of the EA Mata Elang Pro. We invite users who have experience with this product to share their insights and experiences. Itโs always beneficial to hear from those who have used the product firsthand, as it adds to the knowledge base for future users.
Write review