ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs

BenderFX V4 Forex EA

An automated Free to Download Expert advisor is BenderFX V4 EA. It is a trading method that was introduced in 2020 and combines the HMA (Hull Moving Average), the proprietary Shadow Bender indicator, and the Fibonacci tool. This strategy calls for a minimum account balance of $100 USD and aims to deliver a monthly goal return of 10% to 15%.

Each trade is carried out as a single shot rather than using a martingale method, which is one of BenderFX v4’s primary characteristics. This reduces the possibility of significant losses and guarantees that each deal is carried out according to a precise plan.

The 1 hour and 15 minute period is the one that the approach prefers since it strikes a balance between short-term gains and long-term stability. Users are given a level of stability and risk management thanks to the strategy’s optimization, which keeps the maximum drawdown under 2%.

Bender uses the Fibonacci indicator to identify price retracements and assess the likelihood that they will continue to move higher over time. The Fibonacci Golden Zone and probabilistic zones are combined to achieve this. The developer’s own technology, the Shadow Bender indicator, has the capacity to precisely forecast possible price turning moments.

The final choice to enter a trade is based on the probabilities calculation, which considers a number of variables, including momentum, volatility, and past indicator signals. In the decision-making process, a weight is assigned to each consideration.

Finally, BenderFX v4 has a wide range of “.set” files, giving users access to more than 10 optimized set files. These set files were created utilizing sophisticated genetic algorithm approaches that maximize profit potential while reducing drawdown risk.

Contrary to the BenderFX EA V2, it does not employ risky trading strategies like grid, martingale, etc. Every month, it completes 5–10 trades. Additionally, it doesn’t open more than one deal at a time and can go days without taking any trades. A stop loss and take profit are always present to protect every transaction.

Recommendations

  • $100 is the minimum balance required.
  • For the best pairs, optimized set files are provided. (Only use the set files provided; if not, EA may fail to open trades.)
  • the M15 and H1 TimeFrames are the best.
  • This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
  • low spread ECN account is also advised (Find the Perfect Broker For You Here).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts

FAN Trading Robot

An automated trading system called the FAN Trading Robot was created to profit from major news stories that cause notable volatility in the currency markets.

AA Forex Robot

The adaptable MT4 Robot Advanced Automated Forex Robot is available for free download. An adaptable algorithm that continuously fine-tunes and optimizes itself forms the basis

SG Forex EA

Specifically built for trading gold (XAUUSD), this SG EA is a fully automated Gold Forex EA. This article delves into the nuances of this EA,

TOP BOTTOM INDICATOR

Top Bottom Indicators provide a major advancement in manual trading tactics by identifying the tops and bottoms of market patterns. This indicator is special since