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The foreign exchange (Forex) market is a vast and complex terrain, requiring precise strategies and tools for effective navigation. One such tool is the Leprechaun EA, an automated trading system designed to simplify Forex trading.
Understanding the Leprechaun EA
Leprechaun EA is a fully automated Forex system that operates based on the strategy of breaking levels formed by peaks as identified by the ZIGZAG and Fractals indicators. The system is not constantly active but trades only at the moment of these levels’ breakdown. This approach makes it a low-frequency trading system, which can be advantageous for traders seeking less market exposure.
Key Features and Operations
When the price surpasses a certain level, a pending order is triggered and the adviser, with the help of a trawl, accompanies the price movement impulse at the time of the level passage. This feature allows for potential profit maximization when the market moves in the trader’s favor.
The system is highly suitable for currency pairs such as GBPUSD, EURUSD, and USDJPY, and operates optimally on the H1 timeframe. The minimum deposit to start trading with the Leprechaun EA is $100.
Installation and Use
The Leprechaun EA is easy to install and does not require any additional settings files. It must be installed on each chart separately, and it’s important to note that suffixes and prefixes do not affect the system’s operation.
For effective operation, it is crucial to use a computer with a constantly working terminal and a stable internet connection. However, for the best results, it’s recommended to use a Virtual Private Server (VPS). The system is sensitive to spread size, hence the importance of a good ESN broker with low spreads.
Pricing and Limited Sale
Currently, there is a super promotion on the Leprechaun EA. This limited sale offers the automated system at a significantly discounted price of $399, down from the original price of $1499. Potential buyers are urged to seize this opportunity while it lasts.
FAQ
Is testing necessary before installing on a real account?
Yes, it is recommended to test online on a demo account with your broker before installing on a real account. The result of the system depends on the quality of quotes and the quality of stop loss execution.
What happens if the system is not effective?
If necessary, it is advised to change the broker. Always prioritize your trading needs and ensure that the system aligns with your strategy.
Where can independent testing of this product be watched?
Independent testing of the Leprechaun EA can be observed on the forexroboteasy.com website. Additionally, users can subscribe to updates on the results of testing this product.
Share Your Experience
We invite you to share your experiences with the Leprechaun EA system in the comments section below. It could be a useful insight for other traders.
Remember, this is an independent product review. We aim to provide a balanced and unbiased analysis of the Leprechaun EA system, highlighting both its advantages and potential areas of improvement.
Forex trading is not a guaranteed way to make profits. It is essential to thoroughly understand the system you are using and to test it in a risk-free environment, such as a demo account, before going live.
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