For those involved in Forex trading, the rise of automated trading tools such as Forex Expert Advisors (EAs) has revolutionized the way trading is conducted. One such tool that has captured the attention of traders is the Unstoppable Trendy Robot, a trend-based Forex EA designed for the MT4 platform.
Understanding the Trend-Based Trading Approach
The Unstoppable Trendy Robot employs a trend and reverse based strategy, steering clear of the martingale or hedging strategies commonly used in the market. The EA operates on the MetaTrader 4 platform and is compatible with all major currency pairs.
One significant highlight of this tool is its robust entry logic. Instead of jumping into a ranging market, the EA uses the Bollinger band to filter such markets, thereby minimizing potential risks. Additionally, it leverages support and resistance to identify optimal buying and selling zones, further enhancing its trading accuracy.
Effective Exit and Money Management Strategies
The exit logic of the Unstoppable Trendy Robot is equally noteworthy. It employs a fixed stop loss set at a notably low rate compared to the Take profit, thereby ensuring a favorable risk-reward ratio. Moreover, the EA features a trailing stop function and a Break Even function, both of which contribute to securing profits and preventing losses.
The EA also boasts several effective money management strategies. It uses a minimum 1:2 Risk Reward ratio and has a lot size multiplier for a loss trade. Additionally, it incorporates a break-even and trailing stop system, enabling traders to lock in profits on running trades. The maximum loss can be set per day, providing added protection for your equity.
Adjusting the Parameters for Optimal Performance
Before using the Unstoppable Trendy Robot, it is crucial to understand its parameters and set the correct inputs. The EA start time should be set at 8 as per GMT 3 time zone, which aligns with the server time of brokers such as XM, FXTM, and OCTAFX. The same goes for the EA end time, which should be set at 15 as per GMT 3 timezone.
For the TakeProfit and Stoploss, it is recommended to use a 1:2 or 1:1/2 ratio, which translates to 30 pips SL and 60 pips TP or 40 pips SL and 60 pips TP. The initial lot size can be set to the default size when the EA starts, and the Increase Lot function can be used to upsize the lot when there is a loss trade.
Independent Testing and User Feedback
Traders can view independent testing of the Unstoppable Trendy Robot on the forexroboteasy.com website. By subscribing to updates, you can stay informed about the latest testing results of this product. Sharing experiences of using this product can also be beneficial for other users to make an informed decision.
FAQs about Unstoppable Trendy Robot
Q: What is the price of the Unstoppable Trendy Robot?
A: The current price is $80, which is a discounted price. The actual price is $400 and it is subject to change soon.
Q: Is the Unstoppable Trendy Robot suitable for new traders?
A: Yes, as long as the parameters are understood and set correctly. The EA provides clear entry and exit strategies, making it user-friendly for both novice and experienced traders.
Q: Can the Unstoppable Trendy Robot be used with any broker?
A: Yes, it is compatible with all brokers that support the MetaTrader 4 platform. However, it is important to adjust the start and end time according to the server time of the broker.
In conclusion, the Unstoppable Trendy Robot is an impressive tool for Forex trading, combining trend-based trading strategies with effective money management. As with any trading tool, make sure you understand its parameters and strategies before use.
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