Auto3M Lite MT4 stands as a powerful Expert Advisor, carving a niche for itself in the realm of Forex Trading. As an automated trading solution, it integrates the use of meta strategies such as Trend and Hedging, utilizing tools like Bollinger Bands and the Stochastic Oscillator. Hereโs an in-depth look into this Forex Robot and how it enhances the trading experience.
Understanding Auto3M Lite MT4
This software is primarily designed to follow trends and open pending orders (Buy or Sell) based on the Stochastic Main Line and Signal Line. The Auto3M Lite MT4 is unique in its functionality, capable of operating on a Virtual Private Server (VPS) and presenting a Pro version for both MetaTrader 4 and MetaTrader 5.
Key Features of Auto3M Lite MT4
The Auto3M Lite MT4 comes loaded with features that set it apart from other Forex Robots. It does not use a martingale strategy, ensuring a hard stop loss and take profit for each position, along with a trailing stop. Additionally, it automatically deletes pending orders after a specific interval and uses buy stop and sell stop functions for pending orders.
Trading Strategy and Performance
Auto3M Lite MT4 operates on 9 major currency pairs using pending order buy stop or sell stop only. The Stochastic oscillator comes into play for quote analysis and analysis on new bars only. The software has been tested and has shown substantial earnings on GBPUSD Day in the period from December 10, 2015, to November 10, 2021, with an initial deposit of $1,000.
However, Itโs important to note that historical results may not guarantee identical results in the future. Itโs always advisable to perform independent testing, which can be done on websites such as forexroboteasy.com. There, users can also subscribe to updates on the results of testing this product.
Setup and Recommendations
The Auto3M Lite MT4 requires a minimum balance of 100 USD and a minimum leverage of 1:100. ECN brokers are recommended for optimal performance. Initial setup parameters include Lot, Stop loss, Take profit, Trailing stop mode, and Expiry time for pending orders. These parameters can be adjusted according to the userโs preferences and trading strategy.
FAQ
What is the main trading strategy of Auto3M Lite MT4?
The software uses a trend-following strategy, with the Stochastic Oscillator and Bollinger Bands as the main tools to open pending buy or sell orders.
Can Auto3M Lite MT4 operate on a VPS?
Yes, Auto3M Lite MT4 can work on a Virtual Private Server (VPS).
What are the key features of Auto3M Lite MT4?
Some of the key features include no martingale, hard stop loss and take profit for each position, trailing stop, automatic deletion of pending orders, and use of buy stop and sell stop functions for pending orders.
What currency pairs does Auto3M Lite MT4 trade on?
Auto3M Lite MT4 operates on nine major currency pairs, including EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, USDJPY, EURJPY, and GBPJPY.
Where can I get support for this EA?
For any questions, comments, or support for this Expert Advisor, you can directly contact the developer or product support team.
We encourage users to share their experiences using the Auto3M Lite MT4. Your insights and feedback can greatly benefit others in the Forex trading community. Remember, this review is independent and does not endorse or promote any specific product. Always perform your due diligence before choosing a trading software.
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