The currency market is often described as flat, with minimal movement most of the time. Neon Bot EA, a forex trading expert advisor, is built on the principle of price’s return to average value with filtering entry due to a custom indicator. This EA employs a martingale strategy and sets a stop-loss for each position separately. It also limits the quantity of orders in the grid to manage risk effectively. It is crucial to follow the recommended money management strategy to avoid large drawdowns.
Neon Bot EA provides signals for trading, which can be found at https://www.mql5.com/ru/users/samivanov/seller. It is important to note that this EA is sensitive to the chart period, so it is recommended to use the chart period and symbol from the set’s name (e.g., AUDCAD_M15). Additionally, it is advisable to use an ECN Broker with a minimum spread and have a minimum deposit of $1000 with leverage of 1:100. Diversifying risks by using all the presented symbols is recommended, although it is possible to use fewer symbols. To ensure continuous EA work, a reliable VPS is necessary. Furthermore, it is crucial to set a stop loss that is not too small to protect against unexpected market events such as “Flash Crash” incidents like Brexit or the CHF Flash Crash in 2015.
Neon Bot EA focuses on trading the following currency pairs: AUDCAD, AUDNZD, NZDCAD, EURUSD, GBPUSD, EURGBP, and USDCAD. All sets are optimized for the real market and ready to trade. The developer plans to increase the quantity of symbols in the future.
Key Features of Neon Bot EA:
1. Limited quantity of orders in the grid.
2. Built-in market volatility filter.
3. No need to use external set files as all sets are built within the EA.
4. Partial grid closure in case of drawdown.
Setting up Neon Bot EA:
To set up Neon Bot EA, choose the appropriate set for the current symbol (e.g., for the symbol AUDCAD, use AUDCAD_M15). Set the graph’s period according to the set’s name (e.g., M_15). Other settings are optional and can be adjusted based on individual preferences and risk tolerance.
Input Parameters:
– Load Settings For Symbol: Load settings for symbols.
– Max Symbols: Maximum quantity of symbols to trade at the same time.
– Auto Risk (if set to “0” then it uses Fix Lot): Funds per 0.01 lot.
– Fix Lot: Fix Lot for the first trade.
– Use StopLoss?: Whether to use a stop-loss or not.
– Max Spread: Maximum possible spread for opening positions (Recommended: average spread x2).
– Max Orders: Maximum number of orders in the grid.
– Trade Mode: This mode allows you to buy and sell at the same time.
Recommended Money Management Strategies:
1. Safe: Max Symbols for Trade = 2, 0.01 lot per $2000, Minimum deposit: $1000, leverage 1:100 (Max Symbols = 2, Auto Risk = 2000, Min depo = 1000).
2. Normal: Max Symbols for Trade = 2-3, 0.01 lot per $1500, Minimum deposit: $3000, leverage 1:200 (Max Symbols = 2-3, Auto Risk = 1500, Min depo = 3000).
3. Aggressive (High risk!): Max Symbols for Trade = ALL, 0.01 lot per $1000, Minimum deposit: $5000, leverage 1:500 (Max Symbols = ALL, Auto Risk = 1000, Min depo = 5000).
FAQ:
1. Can I watch independent testing of Neon Bot EA?
Yes, you can watch independent testing of Neon Bot EA on the forexroboteasy.com website. It provides valuable insights into the performance and effectiveness of the EA. You can also subscribe to updates on the results of testing this product.
2. Can I share my experience of using Neon Bot EA?
Absolutely! We encourage users to share their experience of using Neon Bot EA. Your feedback and insights can help other traders make informed decisions.
Please note that this is an independent review of Neon Bot EA. The text is written in the third person and does not indicate ownership or affiliation. For more information, visit the forexroboteasy.com website.
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