The EA Liuk Trend Limited is a free forex analysis software designed to aid traders in the complex world of currency trading. This tool offers limited, yet valuable functionality, allowing a maximum of 100 trades. A distinguishing feature is its ability for back-testing, which is not restrained.
Understanding the Key Features
Despite being a free forex tool, EA Liuk Trend Limited presents a variety of features that aid traders in their Forex strategies. It operates on a single-entry position system, refraining from multiple entries, hedging, and Martingale methods. This software allows the setting of five crucial aspects in trading: Support and Resistance, Indicators, and Stop Loss & Take Profit.
Support and Resistance
EA Liuk Trend Limited enables traders to set the Support and Resistance period, which can be determined based on the number of candles. A longer period results in stronger support or resistance. The software also allows users to set the minimum pip range between the Support and Resistance and the tolerance level for breaking the Support or Resistance, referred to as an offside.
Indicators
This Forex software employs two Moving Averages, a fast MA that triggers open positions when crossing the slower MA, and a slow MA that determines the trend against a slower MA. It also allows setting RSI High and Low to ensure the market is entered at the optimal time.
Stop Loss and Take Profit
EA Liuk Trend Limited incorporates an Auto SL that automatically sets the TP, based on Support and Resistance. Additionally, it applies a Trailing Stop when necessary. This feature is significant as 90% of traders experience losses due to the absence of a Stop Loss.
Independent Testing and Updates
For those interested in the software’s performance, independent testing of EA Liuk Trend Limited is available on forexroboteasy.com. Users can also subscribe to updates on the software’s testing results, providing a comprehensive Forex trading review.
Share Your Experience
Have you used EA Liuk Trend Limited for your Forex trading? We invite you to share your experiences and feedback. Your insights could be beneficial to other traders considering utilizing this tool.
FAQs
Is EA Liuk Trend Limited a paid software?
No, EA Liuk Trend Limited is free forex software. However, its usage is limited to a maximum of 100 trades.
Does the software allow multiple entries?
No, EA Liuk Trend Limited operates on a single-entry position system. It does not support multiple entries, hedging, or Martingale strategies.
Can I set my own Support and Resistance levels?
Yes, the software allows traders to set the Support and Resistance period and the minimum pip range between them. You can also set the tolerance level for breaking these levels.
Does the software provide Stop Loss and Take Profit?
Yes, EA Liuk Trend Limited has an Auto SL that automatically sets the TP, based on Support and Resistance. The software also applies a Trailing Stop when necessary.
Remember, this is an independent product review. EA Liuk Trend Limited is a third-party product and is not associated with the author of this review.
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