As a tool designed for the bustling Forex trading market, the Mr Banker Expert Advisor (EA) has gained significant traction among both newbies and seasoned traders. This software stands out in the crowded field of Forex trading tools, thanks to its proven low drawdown strategy.
Underlying Forex Strategy
The Mr Banker EA employs the Gopher I strategy, which is known for its robustness in the Forex market. This strategy involves opening pending orders daily around the New York trading session. It centers on advanced price movement and support resistance strategies, offering a systematic approach to navigate the volatile currency market.
Performance and Reliability
Mr Banker EA has a live track record and history that boasts a low drawdown. This essentially means that the software has a proven strategy that limits the risk of significant losses. This feature makes it an attractive choice for those cautious about the unpredictable nature of the Forex market. This trading software has undergone meticulous backtesting for 14 years, yielding a 99.9% history quality, even when considering slippage, commission, and variable spread.
Unique Functionality and Usability
One of the key features that set the Mr Banker EA apart is its capacity to handle the USDJPY pair using MT4 Technology. The software also uses fixed take profit, stop loss, and trailing stop loss functionalities. It also comes with money management and recovery trading features. The robustness of this Forex software is complemented by its user-friendly design. Even first-time traders can easily navigate through its features and execute trades efficiently.
Optimal Settings for Effective Trading
The default settings of the Mr Banker EA may not yield the desired results. Therefore, users are advised to contact the developer immediately after purchase to get instructions and right strategy enabled set files. To set up the EA or understand its important features, users can refer to the Mr Banker EA User Manual Blog Post. This software is optimally developed for the USDJPY Timeframe D1, with a minimum deposit of $50 and a recommended deposit of at least $200.
Frequently Asked Questions
What are the leverage requirements for Mr Banker EA?
The minimum leverage requirement is 1:30 for fixed lot and 1:100 for fixed lot recovery. However, a leverage of 1:500 is recommended for optimal results.
Are there any additional features of Mr Banker EA?
Yes, Mr Banker EA offers a range of additional features such as FIFO compatibility, controlled recovery trading, auto TP/SL trading, and easy setup. It also provides 24/7 support for users.
Independent testing of the Mr Banker EA is available on the forexroboteasy.com website, where users can also subscribe to updates on the results of testing this product. We encourage readers to share their experiences of using this product, as this could be beneficial to other traders. Please note that this review is independent and does not endorse any specific product.
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