The Monkey Springs EA is an expert advisor software for Forex trading. It employs a unique analysis of two moving averages difference, also known as the ‘stretch’. This feature allows traders to either trade on the trend or make a reversal trade. The software facilitates customization of each moving average and its difference value, the stretch, as well as a stochastic and OBV filter.
Trend and Reversal Trading with Monkey Springs EA
In the realm of Forex trading, trend trading and reversal trading are two prevalent strategies. Monkey Springs EA, with its unique analysis of moving averages, allows for both. Trend traders can configure the moving averages to align with the market trend, while reversal traders can set it up to spot potential market reversals. The software’s stochastic and OBV filter add an extra layer of analysis to help traders make informed decisions.
Flexible Stoploss and Takeprofit Configurations
Monkey Springs EA has integrated stoploss and takeprofit settings based on a percentage of the moving averages difference. This flexibility allows traders to manage risk and secure profits with greater control. Additionally, there’s a trail system that can be configured according to the moving averages and stochastic, offering a dynamic approach to safeguarding profits.
Additional Features of Monkey Springs EA
This Forex software also offers the possibility of configuring an average takeprofit calculation and determining whether or not the stretch will be crescent. Traders have the option to use an autolot calculated according to balance instead of a basic fixed lot. These features provide traders with greater control and flexibility in executing their trades.
Recommended Trading Pair and Timeframes
The recommended trading pair for Monkey Springs EA is EURUSD. The suggested timeframes to utilize this software are H1 and M15. While these are the default settings for EURUSD M15, traders can PM for more optimization settings.
FAQ
What is the Monkey Springs EA?
Monkey Springs EA is an expert advisor software designed for Forex trading. It analyses the difference between two moving averages, also known as the ‘stretch’, to enable trend and reversal trading.
What are the key features of Monkey Springs EA?
The key features of the software include customizable moving averages, stochastic and OBV filter, flexible stoploss and takeprofit configurations, a trail system, and an autolot calculated according to balance.
What is the recommended trading pair and timeframe for Monkey Springs EA?
The recommended trading pair for Monkey Springs EA is EURUSD, and the suggested timeframes are H1 and M15.
For independent testing of the Monkey Springs EA, readers are invited to visit the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available. We encourage traders to share their experiences with the Monkey Springs EA to help others make informed decisions. Please note that this is an independent product review and is not associated with the product’s manufacturers or vendors.
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