The Deriv iMazing MT5 is a professional Expert Advisor (EA) designed to facilitate efficient trading in the forex market. This EA has been optimized progressively from 2020 to 2023, ensuring it stays up-to-date with the ever-evolving forex market trends.
Trading Efficiency
The Expert Advisor is well-known for its high frequency of executing trades. It boasts an impressive track record with a low drawdown, with profitable trades accounting for a significant 88% to 90% of total trades. Such performance is a testament to the EA’s exceptional efficiency and reliability in the forex trading landscape.
Synthetic Indices Trading
In addition to standard forex trading, the Deriv iMazing MT5 also allows for trading contracts for difference (CFDs) on synthetic indices. These synthetic indices mimic the movement of real markets, offering traders a unique opportunity to diversify their trading portfolio. With this Expert Advisor, traders can access synthetic indices 24/7, including weekends and holidays.
Trading Assets and Timeframes
Specifically, the EA trades on the Volatility 10 (1s) Index, a volatility index available on the broker Binary.com, also known as deriv.com. The selected timeframe for trading on this index is H1. This makes it a convenient tool for traders seeking to capitalize on market volatility around the clock.
Automated Trading
The Deriv iMazing MT5 is fully automated, eliminating the need for constant manual input and monitoring. This feature is particularly beneficial for traders who may not always have the time to keep a close eye on market trends and position adjustments.
Account Requirements and Set Files
To make the most of this EA, traders need a leverage of 1:100 up to 1:1000, a Deriv account, and the Volatility 10 (1s) Index as the trading currency. The set files provided are suitable for accounts with leverages ranging from 1:100 to 1:500. Traders with higher leverages, such as 1:1000, may need to optimize the Expert Advisor and select new set files.
Risks and Deposits
While forex trading inherently involves some level of risk, the Deriv iMazing MT5 keeps risk to a minimum, estimated at no more than 14%. As for the deposit, the more the trader can afford, the better the potential returns.
FAQs
Where can I find independent testing of the Deriv iMazing MT5? Independent testing results for the Deriv iMazing MT5 can be found on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product.
Can I share my experience using the Deriv iMazing MT5? Yes, users are encouraged to share their experiences using the Deriv iMazing MT5. This can help potential users make informed decisions about whether this product is right for them.
Is this an independent product review? Yes, this review is entirely independent and does not endorse or promote any product. It is intended to provide objective, third-party analysis of the Deriv iMazing MT5.
Can I use the Deriv iMazing MT5 for synthetic indices trading? Yes, the Deriv iMazing MT5 allows for trading contracts for difference (CFDs) on synthetic indices, which mimic the movement of real markets.
In conclusion, the Deriv iMazing MT5 is a professional and efficient tool for forex trading and synthetic indices trading. Its automated features and impressive track record make it a valuable addition to any trader’s arsenal. However, as with all trading tools, potential users should conduct their own research and consider their financial capabilities before using this Expert Advisor.
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