Cool Monkey

Forex trading can be a lucrative venture, but it requires skill and precision to succeed. That’s where Cool Monkey Forex Software comes in. This fully automatic and highly customizable Expert Advisor (EA) is designed to help traders achieve optimal entry points with improved safety. By utilizing a specialized grid structure and advanced indicators such as Volatility, MACD, and RSI, Cool Monkey selects the best possible entry points for trades.

Enhanced Trading Performance

Cool Monkey Forex Software is backed by extensive testing using 99.90% tick data, simulated spread, execution delay, commission, and swap. This ensures that the software performs exceptionally well under real market conditions. With a high winning rate and improved safety measures, Cool Monkey provides traders with an edge in the Forex market.

Customizable Settings

One of the standout features of Cool Monkey is its flexibility. Traders can customize various parameters to suit their trading style and preferences. The Magic Number allows the EA to recognize and manage trades effectively. Each currency pair can have a unique Magic Number, ensuring smooth operation across different trades. The EA also supports hedging, enabling traders to enter both buy and sell trades simultaneously.

Money management is crucial in Forex trading, and Cool Monkey offers options to optimize lot sizes according to the account balance. Traders can enable or disable this feature based on their risk appetite. The Balance Base & Distance setting allows traders to adjust the lot size increment based on the account balance, providing greater control over position sizing.

Effective Filtering Systems

Cool Monkey Forex Software utilizes three filtering systems to determine suitable buy or sell opportunities: Volatility, MACD, and RSI. These indicators work together to identify optimal entry points, minimizing the risk of false signals.

Recommended Settings and Supported Pairs

For traders looking to get started quickly, Cool Monkey recommends using the default settings on the EURUSD M1 chart. This pair is currently supported, along with EURGBP M1, GBPUSD M1, AUDUSD M1, and AUDNZD M1. Traders can find additional set files for other currency pairs and timeframes. However, optimizing these pairs may be necessary for optimal performance.

Requirements and Recommendations

To run Cool Monkey Forex Software effectively, traders should have a minimal account balance of $1500 and a recommended leverage of 1:400 or higher. It is advisable to use a low spread, low slippage, ECN broker for optimal results. Additionally, a Virtual Private Server (VPS) is recommended to ensure uninterrupted operation of the EA.

Independent Testing and User Experience

Traders can watch independent testing of Cool Monkey Forex Software on the forexroboteasy.com website. This allows users to verify the performance and reliability of the software before making a purchase. Subscribing to updates on testing results is also available to stay informed about any improvements or changes in the software.

We invite readers to share their experience of using Cool Monkey Forex Software. Your feedback is valuable in helping other traders make informed decisions about this product.

Please note that this review is an independent assessment of Cool Monkey Forex Software. It is not affiliated with any specific company or individual. The text is written in the third person to maintain a professional and unbiased tone.