In the realm of Forex Trading, the Monarchs Trade Machine MT4 has emerged as a reliable trading software. This fully automatic multicurrency trading machine is based on trading volumes and statistics of the movement of trading instruments. It employs the authorโs trading method, which has shown excellent results over the past seven years.
Strategy and Performance
The MT4 Software is designed with three trading strategies that utilize a smart dynamic lot. This depends on the load on the deposit and the number of simultaneously traded instruments. The software has undergone multicurrency testing since 2016 with 99.9% real ticks. Testing was carried out on the MT5 platform, with all traded currency pairs at the same time.
Trading Recommendations
The software recommends trading with the following currency pairs: EURNZD, GBPAUD, EURUSD, CADCHF, USDCAD, GBPUSD, EURAUD, and GOLD (XAUUSD). Based on the trading strategy modes, the software provides different trading recommendations. For conservative trading, a minimum of $500 is recommended, for medium trading, a minimum of $1000, and for aggressive trading, a minimum of $2000.
Advantages of the Monarchs Trade Machine MT4
The software offers several advantages. It does not use Martingale and scalping techniques. It is not dependent on economic news and is suitable for working with any broker and any kind of commission. The software is capable of multicurrency testing and optimization with 99.9% real ticks. It is suitable for both moderate trading and overclocking a deposit. The software also has customizable additional protection systems.
Operation and Settings
The software operates fully automatically and does not require additional settings. The user simply installs the Expert Advisor (EA) on the chart of one of the recommended currency pairs and selects the 1H timeframe. All other pairs are opened automatically. The software has several settings including fixed lot volume, magic number of deals, and the number of instruments that can be traded at the same time.
Trading Panel
The trading panel of the software includes a start button to enable the advisor. If the advisor is working, the status โAdvisor worksโ is displayed on the panel. The panel also includes options to close all current deals and to stop the advisor from opening new currency pairs.
FAQ Section
Can I test the Expert Advisor in a multicurrency mode?
Yes, it is recommended to test the Expert Advisor in a multicurrency mode on the MT5 platform. This is the only way to see the real results. The result depends on the simultaneous trading of several currency pairs and a smart dynamic lot. The MT4 platform will not allow you to conduct multicurrency tests.
Where can I watch independent testing of this product?
Independent testing of this product can be viewed on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
We invite you to share your experience of using the Monarchs Trade Machine MT4. This is an independent product review, and your feedback will be valuable to other traders. Please remember that this review is written in a neutral tone, and does not endorse or criticize the product. It aims to provide a comprehensive overview of the product based on its features and performance.
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