In the realm of Forex trading strategies, Maverick EA presents itself as an automated multicurrency trading system. The system uses a modified Zig Zag indicator to generate trading signals and opens two pending orders – a sell stop and a buy stop – at the peaks of the indicator. The software then makes use of profit trails at break (false break) to activate and run the orders, essentially cutting all that’s higher/lower to Zig Zag peaks.
Trading Strategy and Performance
Maverick EA utilizes a trend scalping strategy combined with grid and trailing stop mechanisms. Depending on the time frame (TF), the system can execute anywhere between 20 to 100 trades per month. The optimal TFs for this system are M5, M15, and M30. The minimal deposit requirement for one instrument is 1000 USD, and the system can work with any currency pair.
Software Parameters and Customizations
Maverick EA offers a range of parameter settings to accommodate different trading styles and market conditions. The Zig Zag settings include the depth, deviation, and the number of bars between extremums. Traders can also specify the number of bars for the mature enter signal and the distance from the maximum/minimum to the pending order setting.
Other adjustable parameters include trading hours, maximum allowable spread, grid price, and the distance to move the pending order. The system also allows adjustments for lot multiplying, trade volume, volume of free margin for lot calculation, and acceptable slippage. These options provide a level of customization that caters to the varied needs and risk tolerance levels of different traders.
Broker and Spread Recommendations
It is advisable to use a broker with high order execution and no limitations for minimum distance on S/L and T/P, and minimum distance on pending orders. Spreads should ideally be minimal (starting from 0.0 pips), and commission is acceptable. Using the recommended sets to check the system performance on your broker is highly suggested.
Testing Maverick EA
Before purchasing Maverick EA, it is recommended to download the trial and test the performance of the EA with the strategy tester MT4 on your broker’s server. Independent testing of this product can also be viewed on the forexroboteasy.com website. Additionally, users can subscribe to updates on the results of testing this product.
FAQ Section
What is Maverick EA?
Maverick EA is an automated multicurrency trading system that uses a modified Zig Zag indicator to generate trading signals.
What is the minimal deposit requirement for Maverick EA?
The minimal deposit requirement for one instrument is 1000 USD.
How can I test Maverick EA before purchasing?
Before purchasing, you can download the trial and test the performance of the EA with the strategy tester MT4 on your broker’s server. Independent testing of this product can also be viewed on the forexroboteasy.com website.
We invite all readers and users of Maverick EA to share their experiences and feedback on the system. Remember, this is an independent product review and we value your honest opinions and insights.
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