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When it comes to Forex trading, finding the right tools to enhance your strategy is crucial. One such tool is the Calmed EA, a forex software designed to optimize trading strategies. This comprehensive review aims to shed light on the features, functionality, and efficacy of the Calmed EA in optimizing forex trading.
Understanding Calmed EA
Calmed EA is a versatile software designed for automated trading. It has been tried and optimized for Gold trading but is also compatible with other forex pairs and stocks. The software utilizes a martingale strategy, which can be optionally employed for recovery. However, potential users are advised to backtest for at least one year and run a demo for a minimum of one month before implementing it live. This approach offers an understanding of the software’s behavior in various markets.
Three Main Strategies of Calmed EA
The Calmed EA deploys three main strategies. The first, “Allay”, is based on the Exponential Moving Average (EMA) and Williams’ Percent Range. The second strategy, “Hush”, uses Williams’ Percent Range and the Average True Range (ATR) to make trading decisions. Lastly, the “Lull” strategy utilizes the Exponential Moving Average (EMA) for optimized trading.
Key Features of Calmed EA
Calmed EA boasts of several features that enhance Forex trading. For instance, it provides options to filter trading by news and session. This means that users can pause trading a certain number of minutes before and after news of medium, high, and Non-Farm Payroll (NFP) impact. Additionally, it has a PAUSE trading function that halts the opening of new orders. Furthermore, it offers a panic button-like feature to prevent any additional orders. All these features are designed to offer optimal control over trading activities and mitigate risks.
Account Protections with Calmed EA
The software also incorporates various account protections. It provides users with additional security against potential losses, which is a crucial aspect in Forex trading. However, it is essential to note that while Calmed EA offers these protections, the risk of loss still remains and users should only risk funds they can afford to lose.
Frequently Asked Questions (FAQs)
1. How to test Calmed EA before going live?
It is recommended to backtest the Calmed EA for at least one year and run a demo for a minimum of one month before going live. This will give a clear understanding of how the software behaves across various markets.
2. Can Calmed EA be used for other Forex pairs and stocks apart from Gold?
Yes, while Calmed EA has been optimized for Gold, it is also compatible with other Forex pairs and stocks.
3. Where can I find independent testing of Calmed EA?
Independent testing of this product can be found on the forexroboteasy.com website. Subscriptions for updates on the testing results are also available.
To conclude, Calmed EA appears to be a comprehensive forex trading software that offers various strategies and features to enhance trading. However, like any other trading tool, it is not without risks, and potential users must exercise due diligence before implementing it. If you’ve used Calmed EA, feel free to share your experience to help others make an informed decision.
Please remember this is an independent product review and the software should be assessed based on its performance and suitability to individual trading strategies and risk tolerance levels.
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