At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase
Forex trading has gained immense popularity in recent years, attracting both seasoned traders and newcomers to the market. With the advancement of technology, automated trading systems, such as Expert Advisors (EA), have become increasingly popular. In this review, we will take a closer look at Universe EA, a fully automated trading system that claims to utilize the basic patterns of the Forex market to generate profits.
Universe EA is designed to capture price movements after sharp movements in any direction. It is a system that does not require any special skills or extensive knowledge of the Forex market. Once you run this Expert Advisor on your trading platform, it will take care of all the trading decisions for you, allowing you to sit back and relax.
One of the notable features of Universe EA is that it is adapted to work on small deposits, starting from $1000. This makes it accessible to traders with limited capital. However, it’s important to note that the expected estimated profitability, according to backtest data, is about 400% to 800% per year. While this may seem enticing, it’s crucial to understand that such high returns come with a higher level of risk. The expected maximum drawdown is around 60% or more, which indicates the potential for significant losses.
To set up Universe EA, you need to run it on three separate charts: NZDCAD, AUDCAD, and AUDNZD, all on the M15 timeframe. There is no need for any additional configuration or tweaking of parameters. The system is designed to work with leverage equal to or greater than 1:500 and a balance of at least $1000 or its equivalent in your account currency.
When testing Universe EA, it is recommended to use only opening prices for quick testing, as the EA primarily relies on opening prices during its operation. Long-term tests spanning 5-10 years are also suggested to assess the stability of the advisor in various market conditions.
Parameters to consider when using Universe EA include the Short Name, which is displayed in the log or account history in the comments section, the Trade Pairs M15, which represents the selected pairs to trade, and the Magic number, which serves as a trading position identifier. Additionally, the EA operates using grids instead of initial trades, reducing the number of initial trades.
For those interested in independent testing, forexroboteasy.com offers the opportunity to watch the product being tested and provides updates on the results. Users are also encouraged to share their experiences of using Universe EA, contributing to the collective knowledge and understanding of its performance.
In conclusion, Universe EA presents itself as a fully automated trading system that aims to capitalize on the basic patterns of the Forex market. While it offers the potential for high profitability, it also comes with significant risks. Traders should carefully consider their risk tolerance and conduct thorough testing before incorporating Universe EA into their trading strategy.
The Rzfx Day Trade Software is an innovative tool designed ...
The forex market is a highly volatile environment where ...
Forex trading is a volatile and complex industry that ...
When it comes to the world of Forex trading, AI has ...