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Overview
Forex software has revolutionized the trading industry, allowing for automation and advanced trading strategies. One such software that has been making waves in the Forex market is Stability Pro MT5. In this Forex software review, weโll delve into the workings of this advanced trading software.
Stability Pro MT5: An Overview
Stability Pro MT5 is described as a highly advanced, stable, and low-risk grid system in the world of Forex trading. The system boasts of an impressive track record, having thrived in stress tests over the entire available history of the Forex pairs it employs. From 2007 till the present day, the software has remained profitable, as corroborated by the screenshots provided by the developers.
Smart Variable Grid (SVG) Algorithm
What sets Stability Pro MT5 apart from other Forex software is its application of the SVG algorithm. Rather than adding grid trades at fixed distances, the algorithm analyzes market movements to determine grid positions. This unique feature was developed to ensure a good Risk/Reward ratio and a robust recovery factor, enabling the software to recover quickly from any potential loss.
Risk and Drawdown Control
Stability Pro MT5 provides users with multiple ways to control risk and drawdown. It incorporates โworst case scenarioโ stop loss (SL) on each grid to prevent account crashes. These SLs range from a stop loss based on maximum historical drawdown to a much tighter stop loss to avoid significant losses. These safeguards are designed to prevent the high equity drawdowns or account crashes that most Expert Advisors (EAs) experience.
Noteworthy Features of Stability Pro MT5
The software is user-friendly and does not require any special settings or set files. It trades on three pairs most suitable for grid trading: AUDCAD, AUDNZD, and NZDCAD. There are multiple ways to determine risk and limit losses, and it showcases extreme growth potential when used correctly. The minimum balance requirement is $200, but a balance of $500 or more is recommended for optimal results. The EA works with any broker, and is not sensitive to spread and slippage. It automatically adjusts to a brokerโs suffix (e.g., EURUSD.ecn, etc.)
Running the EA on your Live Account
To run the EA on a live account, users are to add a specific URL to the โallowed URLsโ in the MT4/MT5 expert advisor settings, open a EURUSD M5 chart, attach the EA to the chart, enable โonechartsetupโ in the settings, choose their risk settings and safety settings, and start trading.
Backtesting
Users are recommended to conduct backtests in MT5 for quality historical data. For best results, the use of Alpari broker on MT5 is suggested, which can be accessed via a demo account. This broker offers some of the highest-quality historical data available.
FAQ Section
Is there a launch promo for Stability Pro MT5?
Yes, there is a launch promo where the software is priced at $349 instead of the regular $990. There are only a few copies left at this discounted price.
What is the โUltimate EA combo packageโ?
Details about the โUltimate EA combo packageโ can be found in the promo blog. It is a part of the launch promo.
Where can I see the live results of Stability Pro MT5?
Independent testing of Stability Pro MT5 can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.
Absolutely! Users are encouraged to share their experiences of using the product. This can assist potential users in making an informed decision.
Is this an independent product review?
Yes, this is an independent review of Stability Pro MT5. The product is not affiliated with this review article.
In conclusion, Stability Pro MT5 is an advanced low-risk Forex software that offers a unique, user-friendly experience to its users. Its innovative use of the SVG algorithm and mechanisms for controlling risk and drawdown sets it apart from other trading software. However, it is essential to conduct your own research and consider independent product reviews before making a decision.
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