The Forex market, a global hub for currency trading, has witnessed significant advancements, especially in the domain of automated Forex trading. One such innovation is the Machine Pro EA, a high-performance trading software that has introduced a new dynamic into Forex trading strategies.
Unique Trading Mechanism of Machine Pro EA
The Machine Pro EA employs a unique mechanism of 6 independent baskets of trades, each operating at 3 separate price action levels of a currency simultaneously. This approach differentiates the Pro version from its predecessor, the X3 version, by adding 3 hedge baskets. Each original basket trades against the trend while every hedge basket moves both with and against the trend, thereby unlocking more chart potential.
Pro Features of Machine Pro EA
The Pro version of Machine Pro EA incorporates trail profit lock on every position as opposed to a single set trail target per basket. It also offers a stop loss option and a money management option. These features are designed to maximize the performance of the software, especially as the drawdown increases.
Indicator Parameters of Machine Pro EA
The Machine Pro EA comes with a range of indicator parameters to enhance its functionality. These parameters include:
Both Directions: Enables the EA to trade in both directions simultaneously.
AutoLot Mode: Activates money management for position sizing.
Friday stop opening trades after (hr): Specifies the hour at which the EA will stop opening new baskets of trades on Friday.
Max Spread: Sets the maximum spread allowed.
Slippage: Defines the Maximum slippage allowed for the EA to open a trade.
Optimal Currency Pair and Trading Frequency
The recommended currency pair for Machine Pro EA is EURUSD with a minimum of 1:200 margin. It suggests trading on the M15 timeframe for balanced performance, M5 for aggressive performance, and M1 for very aggressive performance.
FAQs about Machine Pro EA
Is Machine Pro EA suitable for beginners?
Yes, Machine Pro EA is designed to be user-friendly and suitable for both beginners and experienced Forex traders.
What is the recommended balance for the AutoLot multiply per Balance% parameter?
A minimum balance of $10,000 is recommended for this input.
What are the Magic numbers in the indicator parameters?
Magic numbers are unique identifiers used by the EA to manage specific trades. Machine Pro EA uses different Magic numbers for each basket and hedge basket.
Can the EA be turned off while trades are open?
Yes, but the EA will continue to open counter trades until the basket is closed.
Can the EA trade in the opposite direction of its original design?
Yes, this can be achieved by setting the Reverse Mode to True.
Can the EA use the Forex Freedom indicator and Bollinger Bands in its initial entry?
Yes, the EA can integrate both the Forex Freedom indicator and Bollinger Bands by setting their status to True.
For an in-depth understanding of the Machine Pro EA, one can watch independent testing of this product on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product.
If you have used this high-performance Forex trading software, we’d love to hear about your experiences. Remember that sharing your insights can help other traders make informed decisions.
Please note that this is an independent product review and does not advocate or discredit the use of Machine Pro EA in any way. It’s always recommended to test any trading software on a demo account before integrating it into your trading strategy.
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