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Overview of the Forex EA
This article presents an independent review of the Forex Expert Advisor (EA), a tool specifically designed for scalping trend and counter trend strategies in the Forex market. Developed following numerous feedback and in-depth conversations with traders, this EA has been fine-tuned to be one of the best in its class.
The EA utilizes a complex algorithm that carries out multiple calculations on the chart to determine the optimum entry point. This intricate process helps to circumvent sudden market changes, news, and other unpredictable factors. The algorithm is based on past market reactions and is constantly trained to anticipate future scenarios.
Three-in-One Forex Strategies
What sets this EA apart from the rest is that it offers three unique strategies for scalping the trend and counter trend. This feature enhances the scope of the EA, making it adaptable to almost every possible scenario in the Forex market.
Key Inputs and Recommendations
For optimal performance, the EA comes with a set of recommended settings and inputs. It is suggested to use it with the GOLD pair on a 1-minute time frame (TF), although it can also work on 5M and 15M TFs. A minimum balance of 3000 units of your account’s currency is recommended, with the rule of thumb being that the more, the better in the Forex world.
Managing Multiple Trades
If you intend to run multiple gold charts with the same EA on the same MT4 platform, it’s essential to set different magic numbers for each. The EA also offers a range of options for managing multiple trades, including a setting for the minimum distance between trades in pips, the distance between the 1st and 2nd position, and the maximum number of sells and buys.
Advanced Money Management Features
The EA includes advanced money management features, such as an automatic lot increase after accumulating a certain amount of profit and a feature that closes all positions when a specified loss limit is reached. The EA also allows users to set the maximum lot a position can have, and the TP in pips for 1 or 2 positions, or for 3 or more positions.
Frequently Asked Questions (FAQ)
What is the Forex EA?
The Forex EA is an Expert Advisor tool designed for the Forex market. It utilizes complex algorithms to determine the best entry points for trades, avoiding news and sudden market changes.
What are the recommended settings for the Forex EA?
The recommended settings include using the GOLD pair on a 1M TF, and maintaining a balance of at least 3000 units of your account’s currency. Other settings can be adjusted according to the user’s preference.
What are the advanced money management features?
The advanced money management features include an automatic lot increase after accumulating a certain profit, and the ability to close all positions when a specified loss limit is reached.
Where can I find independent testing for the Forex EA?
Independent testing of the Forex EA can be found at the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product on the same website.
We invite all users of this product to share their experiences and insights. This helps to create a broader perspective of the product’s performance and can assist other traders in making informed decisions about its use.
This review is independent and not associated with the creators of the Forex EA. It is written in the third person to provide a professional and unbiased perspective.
This software has been a game changer for me. It's not just about the results it delivers, which are impressive in their own right, but also about how it has transformed my approach to trading. It's like having a seasoned trader by my side, guiding me through the complexities of the forex market.The 'Trend and Counter trend Project' is intuitive and user-friendly, making it easy to navigate even for someone who isn't particularly tech-savvy. It's clear that a lot of thought and expertise has gone into its design. The software is robust and reliable, and I've never had any issues with it crashing or freezing.What I appreciate most about this EA is its versatility. It doesn't just blindly follow a set strategy, but adapts to the ever-changing market conditions. This dynamic approach has helped me maximise my profits and minimise my losses.The customer support is also top-notch. Any queries or issues I've had have been promptly and professionally addressed. It's clear that the team behind the 'Trend and Counter trend Project' is committed to providing a high-quality product and service.In conclusion, I can't recommend the 'Trend and Counter trend Project' enough. It's a powerful tool that has taken my trading to the next level. So, to the team behind this remarkable software, I say a big thank you! Your dedication and expertise are truly appreciated."