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In the vast world of Forex Trading, the EA Pump and Dump MT4 stands out as a professional trader’s software designed to revolutionize trading strategies and maximize profits. This unique Forex software, developed by traders for traders, employs a simple yet effective strategy: buy cheaper, sell more expensive.
Understanding the Pump and Dump Strategy
The EA Pump and Dump MT4 operates on a basic principle in the Forex Market: buy an asset when the price falls, and sell it when the price rises. This strategy is particularly effective in situations where sharp price movements occur in the market, followed by significant price rollbacks in the opposite direction. The software capitalizes on these “hairpin” moments, identifying strong growth or fall in prices and entering the market based on these signals.
Advanced Strategy Logic
The EA Pump and Dump MT4 uses an advanced algorithm to identify overbought and oversold zones of an asset. This is achieved through an analysis of the percentage price change using the iPump indicator. The indicator estimates the level of overbought or oversold of an asset, and based on this, the software identifies the most optimal buy or sell zones of a traded instrument, entering the market at the most opportune moments.
Key Features and Benefits
The EA Pump and Dump MT4 comes with a built-in Risk Management mechanism, allowing traders to set the maximum allowable level of account drawdown. This feature ensures timely trading stoppage and capital preservation. Moreover, the software can suspend trading at a predetermined time interval in case of exceeding the risk management limit.
Furthermore, the software features a profit multiplication mechanism that activates if the price follows the trend. This, combined with instant notifications of the Risk Manager about the state of the account to a mobile phone, makes this software a robust tool for currency trading.
Customizable Input Parameters
The EA Pump and Dump MT4 allows for customization of input parameters, including the percentage change in the iPump indicator at which orders will be opened, the use of the profit multiplication parameter, and the initial lot of the order. Additionally, traders can adjust the allowable slippage in pips for opening a trade.
The software also includes risk management settings, such as the maximum allowable drawdown, the number of hours for the EA to stop working after exceeding the maximum drawdown limit, and the option to delete all orders and stop trading if the maximum drawdown is exceeded.
What is the recommended deposit for using the EA Pump and Dump MT4?
The recommended deposit is from $25 on a cent or from $2500 on a real account for 0.01 starting lot.
Which currency pairs is the EA Pump and Dump MT4 compatible with?
The software is compatible with several currency pairs, including EURUSD, AUDNZD, NZDCAD, AUDCAD, EURGBP, GBPUSD, USDCAD, GBPCAD, and EURCAD.
Can the software be installed on any time frame?
Yes, the price analysis takes place inside the advisor code, so it doesn’t matter which time frame you install the advisor on.
For more information and independent testing of this product, visit the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. Share your experience of using this product in the comments below.
This is an independent product review. The EA Pump and Dump MT4 is a third-party product and this review does not endorse or promote the product, but simply provides an independent evaluation of its features and capabilities.
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