Auto3M Lite MT5

Delving into the world of Forex trading necessitates the use of expert tools and software to yield successful results. One such tool that has gained significant attention among traders is the Auto3M Lite MT5. This fully automated Expert Advisor is designed to help both novice and experienced traders navigate the complex terrain of currency trading.

Functional Features of Auto3M Lite MT5

The Auto3M Lite MT5 is equipped with a hard stop loss and take profit for each position. It also includes a trailing stop function which works immediately when the Ask is above position and more than the stop level, or when the Bid is below the position. This advanced trading software automatically deletes pending orders at set intervals and employs buy stop and sell stop functions for pending orders.

Trading Strategy

Developed for trend and hedging strategy trade, the Auto3M Lite MT5 leverages the power of Bollinger Bands and Stochastic Oscillator. The Bollinger Bands majorly follow trends while the Stochastic main line and signal line are used to open pending buy or sell orders. This tool is capable of trading on nine currency pairs including EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, USDJPY, EURJPY, and GBPJPY using only pending order buy stop or sell stop.

The software uses the Stochastic oscillator for quotes analysis and analysis on new bar only. When the Stochastic main line is more than 90 and the Bid is less than the Upper band, it prepares a sell stop pending order. Conversely, when Stochastic main is less than 20 and Ask is more than Lower band, it prepares a buy stop pending order.

Performance Results

The performance of Auto3M Lite MT5 has been impressive. With an initial deposit of $3000, it earned $96.49 on GBPUSD Day in the period from October 1, 2021, to October 31, 2021. During this period, the balance drawdown absolute was 0%, while the maximum balance drawdown was 0.24%.

Setup and Recommendations

For optimal use of Auto3M Lite MT5, a minimum balance of $100 is recommended with a minimum leverage of 1:100. It is highly recommended to use ECN brokers such as IWeltrade, Pepperstone, FXPro, or Exness.

In terms of setup, the Auto3M Lite MT5 requires a unique magic number and a refresh timer in millisecond with a minimum of 30,000. The trailing stop mode can be based on point or stop limit, with a trailing stop point for currency set about 50 point, Gold about 700 point, and Crypto currency 10,000 point.

FAQ Section

What is Auto3M Lite MT5?
Auto3M Lite MT5 is a fully automatic Expert Advisor tool for Forex trading, designed to aid in trend and hedging strategy trade.

What are the key features of Auto3M Lite MT5?
The key features of Auto3M Lite MT5 include hard stop loss and take profit for each position, use of trailing stop, automatic deletion of pending orders by interval time, and use of buy stop and sell stop function for pending orders.

How has the performance of Auto3M Lite MT5 been?
Auto3M Lite MT5 has shown impressive results, earning $96.49 on GBPUSD Day with an initial deposit of $3000, from October 1, 2021, to October 31, 2021.

What is the recommended setup for Auto3M Lite MT5?
The recommended setup involves a minimum balance of $100, minimum leverage of 1:100, and use of ECN brokers. Also, a unique magic number and a refresh timer in milliseconds with a minimum of 30,000 is required.

For more insight into the performance of Auto3M Lite MT5, independent testing results can be viewed on the forexroboteasy.com website. Interested users can also subscribe to updates on the results of testing this product.

If you have used the Auto3M Lite MT5, we encourage you to share your experiences to help others gain a deeper understanding of its functionalities and performance.

Please note that this review is independent and written in a neutral tone, and historical results cannot guarantee the same results in the future.