Stenvall Mark III

The Stenvall Mark III is the third generation of the Stenvall series, a hybrid of trend and countertrend strategies designed for Forex trading. This reliable Forex EA is ideal for long-term private investments and trust management accounts.

The Evolution of Stenvall

Stenvall’s journey began in 2016 with the creation of its first version. The first public version was launched on MQL5 in 2019. Since then, the performance of this Forex EA has been open for public viewing 24/5. Over a period of 2 years and 3 months, Stenvall has demonstrated an impressive performance, achieving 200% with a maximum drawdown of 8%.

Interestingly, the Stenvall MK-I MT4 was reportedly used as one of the EAs of a private hedge fund, with a total deposit of over 2.7M USD. However, this information could not be independently verified. Originally a night scalper, Stenvall has evolved with each update, expanding its trading hours to 24 and increasing the accuracy of its signals to 70%, as confirmed by monitoring.

Stenvall’s Unique Features

Stenvall’s performance has been consistent over the years, making it a reliable Forex EA. Its strategy, particularly suited to the characteristics of EURUSD, is expected to remain relevant in the long term. Unlike many Forex EAs, Stenvall does not rely on tricks but on technology. It does not engage in rollover trading at 00:00 hours during the spread expansion and is not sensitive to the broker, spread, and requotes.

Furthermore, Stenvall does not use dangerous strategies such as martingale or grid. Instead, it offers true Algo-Trading 24 hours a day, with complex wave analysis and a long hold of positions. Each position is protected by a STOP LOSS, and the EA boasts 76 onboard functions. The average TP size is 150 pips, and the average load on the deposit is 5%, so you don’t need to increase the lot to make a profit.

Installation and Risk Management

Installing the EA Stenvall Mark III on EURUSD M5 is straightforward and takes about 3 minutes. After the installation, the EA checks your account. If everything is fine, it displays ‘READY’. If not, a warning appears, indicating that you need to contact the provider.

The risk can be manually set using the FIX LOT, which typically ranges from 0.01 lots to 0.04 for every 100 USD. For a leverage of 1:100, the recommended RISK value range is about 0.1 to 0.7.

Independent Testing and User Feedback

Users can watch independent testing of Stenvall Mark III on the forexroboteasy.com website and subscribe to updates on the testing results. User experiences with Stenvall Mark III are encouraged and can provide valuable insights for potential users.

FAQ

When checking the EA for a history shift or any other check-test, be sure to disable the NEW YEAR filter.

In conclusion, the Stenvall Mark III has proven to be a reliable Forex EA for long-term investment, offering a unique blend of trend and countertrend strategies. It is well-suited for both private investments and trust management accounts. As an independent product review, this article aims to provide an unbiased assessment of the Stenvall Mark III.