CrossMarkets

As a Forex trader, your tool selection can significantly impact your trading performance. For instance, expert advisors (EAs) can help you automate trading strategies, allowing for consistent results and saving time. One such tool that has been making waves in the market is CrossMarkets, a Forex EA designed to adapt to all currency markets. In this review, we will explore its key features, functions, and performance in 20 forex markets.

Adaptable Forex EA for Multiple Currency Markets

The standout feature of CrossMarkets is its adaptability across both major and minor currency pairs. This Forex EA has been tested and proved to work efficiently on 20 forex markets, including AUDCAD, NZDCAD, USDCAD, GBPCAD, CADCHF, NZDUSD, NZDCHF, GBPAUD, USDCHF, NZDJPY, CHFJPY, GBPUSD, AUDJPY, EURNZD, EURGBP, CADJPY, GBPNZD, AUDUSD, USDJPY, and EURCHF.

A Unique Approach to Forex Trading: Low Drawdown and Martingale Strategy

What sets CrossMarkets apart from many other Forex EAs is its unique combination of a low drawdown strategy and a martingale approach. With a base multiplier ratio of 1.5 and hedging, the EA doesn’t stay in trades for too long, minimizing the risk of significant losses. This approach contributes to lower average drawdown, making it suitable for use on almost all currency pairs.

Enhanced Features for Improved Trading Performance

CrossMarkets comes with several enhancements that add to its effectiveness. The Forex EA now includes drawdown management capabilities, allowing for the deactivation of trades when a certain drawdown percentage is reached. It also offers a scalper mode with a specified take profit (TP) and stop loss (SL) point, a trailing stop strategy, and an alternative take profit feature. A quick close mode (beta) is also provided to cut the break-even take profit when the drawdown limit is reached.

Back Test Results and User Experience

Backtesting is an integral part of assessing a Forex EA’s effectiveness. CrossMarkets’ backtest results from 2018 to 2023/06 show promising performance. However, it’s important to note that settings may need to be tweaked for prop firm challenges. Users are advised to activate all pairs in the MetaTrader symbol tab to avoid indicator errors. Independent testing of this product can be viewed on the forexroboteasy.com website, where users can also subscribe to updates on the product’s testing results.

FAQs

Does CrossMarkets work on all currency pairs?
Yes, CrossMarkets is designed to work on both major and minor currency pairs. It has been tested on 20 different forex markets with positive results.

What strategy does CrossMarkets use?
CrossMarkets uses a combination of a low drawdown strategy and a martingale approach with a base multiplier ratio of 1.5. It also employs hedging to avoid staying in trades for too long.

We invite readers to share their experiences using CrossMarkets. Your feedback can help others make informed decisions about whether this Forex EA is the right tool for their trading needs. Remember, this is an independent product review, and we are not affiliated with the product in any way.