Presenting the ChainMaster EA MT5, a versatile Forex trading software that combines the principles of trend trading and scalping for maximum market efficiency. This fully automated system not only offers a unique blend of strategies but also incorporates an author’s recovery system. This proprietary feature ensures that the drawdown of your trading account remains within acceptable thresholds, even when dealing with unsuccessful positions.
Broker and Trading Account Compatibility
Widely adaptable, the ChainMaster EA MT5 can operate with any broker, proving its resilience to spread and order execution speed. A minimum recommended deposit of $20 for a cent account and a trading lot of 0.01 are advised for optimal performance. Additionally, a minimum recommended leverage of 1:400 is suggested. The software operates exclusively under the “Hedge” account type.
Trading Parameters and Currency Pairs
The ChainMaster EA MT5 shows no partiality to currency pairs, making it suitable for trading on EURUSD, GBPUSD, AUDUSD, USDCAD, USDCHF, and USDJPY. That being said, users have the freedom to optimize parameters for other currency pairs. Trading is recommended on the M1 timeframe, demonstrating the software’s proficiency in Forex scalping. The trading software operates exclusively on the MetaTrader 5 (MT5) platform.
Key Trading Parameters
ChainMaster EA MT5 offers a myriad of parameters that you can customize to meet your individual trading preferences. These include:
AutoLot: If set to “true,” the software automatically determines the lot size for trading based on your account balance.
Lots: This is the lot size you can set if AutoLot is “false.”
Risk: This percentage of your deposit is used for automatic calculation of the lot.
DD: This is the maximum drawdown as a percentage of account balance at which all positions of the EA on the current currency pair will be closed.
TakeProfit and StopLoss: These are the preset values for taking profit and setting stop-losses. However, permanent use is not recommended as they can disrupt the recovery system.
Unique Recovery System and Other Features
One of the striking features of ChainMaster EA MT5 is its unique recovery system. This system allows the user to multiply the trading lot for opening following positions. This helps in recovery if the previously opened positions were not profitable. Other notable features include the option to display an approximate breakeven level and an information panel on the chart. These can provide valuable insights into Forex Market Analysis.
FAQs
Can I use ChainMaster EA MT5 on any trading platform?
No, the software is designed to operate on the MetaTrader 5 (MT5) platform only.
Is there any recommended currency pair for trading with ChainMaster EA MT5?
The software is recommended for trading on EURUSD, GBPUSD, AUDUSD, USDCAD, USDCHF, and USDJPY. However, you have the freedom to optimize parameters for other currency pairs.
Is there any recommended trading account type for using ChainMaster EA MT5?
Yes, the software operates exclusively under the “Hedge” account type.
For those interested in witnessing the software in action, independent testing of this product is available on the forexroboteasy.com website. Here, users can also subscribe to updates on the testing results of this product.
We invite all users of ChainMaster EA MT5 to share their trading experiences and feedback. As an independent product review, your input can be invaluable to other traders seeking to leverage this Forex trading software.
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