Forex trading has evolved significantly over the years with the introduction of advanced trading tools and software. One such innovation is the EA Magical Reversal Pro, a high accuracy trading software that has been gaining traction in the forex market. In this review, we delve into the features, functionalities and unique attributes of this automated trading system.
Key Features of the EA Magical Reversal Pro
The EA Magical Reversal Pro is designed with a host of features that enhance its performance in the forex market. Its primary selling point is its high accurate reversal entry points, which are crucial in maximizing trading outcomes. The software employs a trend filter 4-hour timeframe using the Alligator Indicator, a tool renowned for its proficiency in identifying market trends.
Moreover, the software utilizes a combination of Bollinger Bands, RSI and Stochastic Indicators to make entries on lower timeframes under overbought/oversold conditions. Notably, these indicators are ideal for identifying potential entry and exit points, thus enhancing the software’s trading precision.
Automated and Recovery Systems
One of the significant highlights of the EA Magical Reversal Pro is its fully automated trading robot. This feature ensures users can execute trades without the constant need for manual input. Furthermore, the software is equipped with a Recovery and Reverse Recovery System designed to recover losses from previous trades, thereby minimizing the risk of substantial losses.
Additionally, the software offers three different strategies: fixed stop loss and take profit, recovery on a new entry signal, and recovery steps (grid). These strategies provide users with a variety of options to adapt to different market conditions and trading preferences.
Expert Advisor and Optimized Settings
The EA Magical Reversal Pro also features an Expert Advisor that guides users on the use and configuration of the software. The software’s settings are highly optimized based on historical data, ensuring that users can make the most out of their trading activities.
Understanding the Lotsize and Per Balance Settings
An understanding of the software’s operation parameters is crucial for optimal usage. For instance, the Lotsize and Per Balance settings involve the division of the user’s account balance by a specific figure. For example, if you set 0.01 at Lotsize and 1000 Per Balance, the EA divides your account balance by 1000.
Independent Testing and User Feedback
Prospective users can view independent testing of the EA Magical Reversal Pro on the forexroboteasy.com website. The site also provides updates on the testing results, which can help users make informed decisions about the product. Additionally, users are encouraged to share their experiences with the software, providing valuable insights to potential users.
FAQ
Q: What is the minimum balance required to use EA Magical Reversal Pro? A: The recommended minimum balance to use the software is $300.
Q: Can I use EA Magical Reversal Pro with other EAs on one account? A: It is not recommended to use the software with other EAs on the same account.
Q: Can I use EA Magical Reversal Pro with any broker? A: The software can be used with any broker, but the developer recommends RoboForex.
Q: Are there specific set files for EA Magical Reversal Pro? A: Yes, all set files for the software can be found in the comments section of the product page.
In summary, the EA Magical Reversal Pro is a high accuracy trading software that offers a host of features and functionalities designed to enhance forex trading outcomes. By availing users with a fully automated trading robot, high accurate reversal entry points, a recovery system and optimized settings, the software represents a valuable asset in the world of forex trading.
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