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The Tailor EA MT4 is a revolutionary automated trading system designed exclusively for the MQL market. Its advanced system is capable of analysing the CHOCH price (character change) and market trends, making it an efficient tool for placing Buy Stop and Sell Stop orders. Let’s delve into its unique features in this Tailor EA MT4 review.
Smart Forex Tools: Smart Stop and Limit Capital Participation
One of the essential features of this Forex trading software is the ‘Smart Stop’. This intelligent tool places stop orders cautiously to minimize potential losses and protect your investments. Additionally, the ‘Limit Capital Participation’ feature allows traders to set a limit on the amount of their capital used in trades, effectively reducing their overall risk exposure.
Secure Trading with Scalping Strategy, Spread and Slippage Protection
The Tailor EA MT4 operates on a scalping strategy with very small stops, less than two pips. This strategy allows for quick trades at small price fluctuations, ensuring profitable trades even in volatile market conditions. The software also offers spread and slippage protection. It continually monitors spreads and adjusts its orders to avoid unfavorable trading conditions, and it also prevents slippage by placing orders at the most suitable price levels.
Balance Protection and Safe Trading Practices
Maintaining a safe balance is crucial in Forex trading. Tailor EA MT4 keeps a vigilant eye on your account balance, ensuring it does not fall below a certain pre-defined threshold. This balance protection feature is essential to prevent significant losses. Moreover, it follows safe trading practices by avoiding high-risk strategies such as martingale, grid, or hedging. This software does not employ any risky methods that could endanger your investments.
Independent Testing and Updates
For those interested, independent testing of the Tailor EA MT4 product can be viewed at forexroboteasy.com. Users can also subscribe to receive updates on the results of this product’s testing. This will provide them with a comprehensive understanding of how the software performs under different market conditions.
What is the minimum deposit for Tailor EA MT4?
The minimum deposit for Tailor EA MT4 is 50 USD.
Which currency pairs are recommended for this software?
The recommended currency pairs are GBPUSD, EURUSD, and USDJPY.
What is the recommended timeframe and broker for this software?
The recommended timeframe is M30, and it works best with all ECN brokers with low spread.
We encourage readers to share their experiences with the Tailor EA MT4 software. This will provide valuable insights for other traders and contribute to a more comprehensive Forex Trading Review. Please note that this is an independent product review, and all views expressed are based on objective analysis of the product.