Forex trading, a global market that never sleeps, is a world of opportunity and potential pitfalls. That’s where the EA BiC, or the EA Breakfast in Canada, comes into play. It is a unique piece of Forex software that aims to optimize currency trading, particularly focusing on USDCAD trades.

How Does EA BiC Work?

The EA BiC operates on a principle of pending limit orders in two trading sessions. These sessions can be set on any timeframe, but the software tends to favor the H1 timeframe, regardless of the one it’s installed on. This approach allows for a flexible yet focused strategy in managing Forex trades.

Compatibility and Ease of Use

One of the unique features of the EA BiC is its compatibility with different types of brokers. Whether your broker’s lot value is 10 times less than usual, like InstaForex or XM(cent), this software has a setting to manage it. Furthermore, the EA BiC can also accommodate positions opened manually in the terminal on a smartphone, making it a tool that fits into today’s on-the-go lifestyle.

Setting Up EA BiC

With the EA BiC, configuring or reconfiguring is seldom necessary. The user simply needs to set the GMT Offset for their broker and enable Microlot if their broker has a standard lot size that’s 10 times smaller. It’s recommended to choose a broker with minimal spreads and zero stop levels for optimal performance.

Input Settings and Trade Optimization

The EA BiC software provides a variety of input settings that can be adjusted according to the needs of the trader. These include settings for auto trading, allowing trading in BUY or SELL direction, setting the difference between GMT and the time in your broker’s terminal in winter time, and defining the maximum allowed slippage and spread for opening orders.

Money Management with EA BiC

Money management is a critical aspect of successful Forex trading, and the EA BiC provides several features to assist with this. Users can specify what funds they will use for trading, set a fixed lot size, and enable or disable auto lot. The software also has a feature for calculating the auto lot as a percentage of funds, giving the trader greater flexibility and control over their trading strategy.

Managing Orders

The EA BiC offers options for managing the lifetime of pending orders, ranging from setting an expiration time to using a virtual lifetime for brokers who do not support setting the expiration time. It also allows for the increase of the volume of following orders after a certain number of open positions, providing a dynamic way to manage trading volumes.

Independent Testing and User Experience

Independent testing of the EA BiC software can be found on the forexroboteasy.com website, a valuable resource for those looking to evaluate its performance before making a decision. Users can also subscribe to updates on the results of testing this product.

Feedback from users of the EA BiC is a valuable part of the product’s continuous improvement. Sharing experiences and insights not only helps potential users make informed decisions, but also contributes to the ongoing development and refinement of the software.

Final Thoughts

The EA BiC is an innovative piece of Forex software designed to optimize USDCAD trades. Its unique features and user-friendly interface make it a potentially valuable tool for currency traders. However, like any tool, its effectiveness ultimately depends on the skill and strategy of the user. Therefore, it’s recommended to thoroughly test and understand how it works before integrating it into your trading strategy.

FAQs

What is EA BiC?

The EA BiC, or EA Breakfast in Canada, is a Forex trading software designed to optimize currency trading, specifically focusing on USDCAD trades.

How does EA BiC manage trades?

EA BiC operates on a principle of pending limit orders in two trading sessions, usually favoring the H1 timeframe.

What unique features does EA BiC offer?

EA BiC offers compatibility with brokers whose lot value is 10 times less than usual, and can accommodate positions opened manually in the terminal on a smartphone.

How can I test the EA BiC software?

Independent testing of the EA BiC software can be accessed on the forexroboteasy.com website.