An automatic forex robot that uses a martingale and hedging strategy is known as the Fast Growing MT4 Forex Robot. This approach has given this EA a very high ROI (Return on Investment) and rather decent stability. The creators claim that this automatic trading system is capable of miracles. The Martingale principle scares off many traders since they believe it to be the foundation of the trading system. But it may be quite profitable if you play your cards right.
Recommendations
- Minimum Account Balance: $100 for the safe option or $100 for the hazardous method. (With default options)
- Risky Method: After doubling your deposit, you can withdraw your money using a $100 account. This approach is hazardous because EA has the potential to blow an account and double $100 accounts in just two days. However, if you can disable the EA and stop all trades during erratic market conditions or breaking news, you can largely prevent this.
- Safe Method – For the safe Method, you can also utilize a $100 account or a comparable standard account.
- Work on any currency pair but perform best on EURUSD, GBPUSD, and EURGBP.
- Work on M5, H1 (any time frame) 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).