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Scavenging Forex EA, a Forex Robot, has been the subject of attention in the Forex Trading world. This Forex EA has been meticulously developed and refined over time, resulting in a tool that claims to have mastered the art of Auto Profit Strategy and Stop Loss Strategy. This article aims to provide an unbiased, in-depth review of Scavenging Forex EA, its features, and its effectiveness.
Scavenging Forex EA: An Overview
The Scavenging Forex EA is a Forex Robot that specializes in entering the Forex market at the start of the day. The EA has been designed after extensive market study and multiple modifications, resulting in a tool that claims to be successful in the volatile Forex market. It uses a variety of automatically set take profit and stop loss algorithms that are based on the changing trends of the market. However, the EA also allows users to set their profit and loss limits, providing a safety net in case the algorithm fails to detect any trend reversal signs.
Operating Parameters of Scavenging Forex EA
This Forex EA operates on the M5 time frame and is best used with an ECN or Raw spread account that allows hedging. The minimum balance requirement for using this tool is $100. Users are advised to download the history before checking again (go to F2, find the currency pair, then Download) and backtest with a sample: Each tick.
The Scavenging Forex EA has been found to trade well on pairs such as AUDCAD, GBPUSD, EURUSD, USDCAD, among others. The EA operates with a very small drawdown validity, making it a relatively safe option for Forex traders.
Users can customize various parameters in Scavenging Forex EA to suit their trading style and risk appetite. These include Slippage, Maxspread, HourOpen, HourClose, Autolot, Lot, Stoploss, TakeProfit, and trading days (TradeMonday to TradeFriday). These settings help to optimize the EA’s performance and enhance its efficiency.
Independent Testing and Updates
For those interested in seeing the Scavenging Forex EA in action, independent testing of this product is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product, providing them with a comprehensive understanding of this Forex Robot’s performance over time.
Scavenging Forex EA, with its unique Auto Profit Strategy and Stop Loss Strategy, provides an interesting tool for Forex traders. Its customization options, combined with the safety of user-set profit and loss limits, make it a versatile tool in the Forex market. However, like all trading tools, its effectiveness ultimately depends on the user’s understanding of the market and the tool itself.
What is Scavenging Forex EA?
Scavenging Forex EA is a Forex Robot that specializes in entering the Forex market at the start of the day. It uses an Auto Profit Strategy and Stop Loss Strategy.
What is the minimum balance requirement for using Scavenging Forex EA?
The minimum balance requirement for using Scavenging Forex EA is $100.
Where can I see independent testing of Scavenging Forex EA?
Independent testing of Scavenging Forex EA is available on the forexroboteasy.com website.
We invite readers to share their experience of using Scavenging Forex EA. Your insights can help others make informed decisions about this Forex Robot.
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