The world of Forex trading is an exciting yet intricate one. Amidst the numerous trading systems and software, one that has captured the attention of many is the “Greedy Bear” Expert Advisor. This robotic trading system is designed for traders who are conscious of their trading decisions and seek to maximize their profits. In this Greedy Bear review, we delve into the details, the strategies it employs, and the parameters that make it tick.
Trading Instruments and Strategy
The Greedy Bear system is engineered to work with an array of trading instruments. Traders can leverage this Expert Advisor for trading on EURUSD, GBPUSD, EURGBP, EURAUD, EURCHF, EURCAD, USDCAD, and GBPCHF.
At the core of this Forex robot’s trading strategy is the principle of returning prices to their average values during the European trading session. This strategy is pivotal in enabling the dispersion of small deposits, a feature that has earned the system its name “Greedy Bear”.
Parameters of the Greedy Bear Expert Advisor
The Greedy Bear system is equipped with a multitude of parameters that traders can adjust to fit their trading style and preferences. These include “_Slippage” (the slippage parameter), “_Magic” (the order ID), and “_Lot” (the trade volume).
Furthermore, the system offers parameters for stop loss (“_StopLoss”), closing by balance (“_CloseBalanse”), and loss in the account currency (“_CloseBalanseLose”). Traders also have control over drawdown parameters, such as closing by drawdown in percent (“_ClosePercentBalanse”) and the percentage drawdown (“_ClosePercentBalanseLose”).
Profit-related parameters include profit of the first trade (“_TakeProfit”), profit on the balance sheet (“_CloseBalanseTP”), the value of the profit in the currency (“_CloseBalanseProfit”), and a percentage of the profit (“_ClosePercentBalanseProfit”).
Other parameters encompass dynamic lot (“_Dynamic”), risk value from 0.01 to 25 (“_Risk”), grid (“_Grid”), distance between orders (“_Distance”), multiplier (“_Mult”), the profit of the grid (“_Profit”) and many more.
Trading Timing and Operation
The Greedy Bear operates within a specific timeframe. The default start of trading is set at 06:00, and the end of trading is at 13:59 by default. However, these settings can be adjusted by the trader.
Traders can also configure the pause between orders (“_Pause_orders”), the pause value in minutes (“_Pause”), and the order timer (“_Timer_orders”). The system provides a functionality to shut down after a certain number of orders have been completed, which can be set via the “_TotalOrderClose” parameter.
Minimum Deposit and Purchase Information
For optimal operation, it is recommended that traders have a minimum deposit of $500 or $5 (500 cents) on a cent account when using the Greedy Bear Expert Advisor. After purchasing the full version of the Expert Advisor, traders can contact the author for comprehensive instructions, set files, overclocking tables, statistics, and strategies. As a bonus, two useful indicators are provided post-purchase.
FAQ
Where can I watch independent testing of the Greedy Bear?
Traders can check out independent testing of the Greedy Bear system on the forexroboteasy.com website and also subscribe to updates on the testing results.
Can I share my experience of using the Greedy Bear?
Absolutely. We invite traders to share their experiences using the Greedy Bear Expert Advisor. This helps provide a more comprehensive understanding of its performance and efficacy.
Please note that this review is independent and does not represent the views or opinions of the makers of the Greedy Bear Expert Advisor. This review is written with the aim to provide an unbiased evaluation of the product based on the available information.
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