FireStorm Odin EA V3

A free forex EA with full automation is called FireStorm Odin. Firestorm Odin V3 EA is not your average High-Frequency Trading (HFT) or Grid Trading Bot because it was created by a team of seasoned traders. Instead, it makes use of a novel trading method that avoids risky trading practices.

A Support & Resistance, Price Action Bot named Firestorm Odin EA can operate 24 hours a day, seven days a week on the NAS100, EURUSD, and other important pairs with a 1-3% drawdown on a 100k+ prop firm account. MT4 computer terminals are used by the bot, and while a VPS is not necessary, it can be useful.

The versatility of Firestorm Odin V3’s account sizes is one of its most important benefits. Since the minimum live account size is $100 and it runs on a 0.01 EURUSD lot size, even traders with tight budgets can use it. However, the minimum account size for NAS100 settings is $1500.

The ability of Firestorm Odin EA to pass a prop firm account is another key benefit. This feature can be a great way for traders to obtain access to larger capital and lower risk. Depending on the size of the account and the set files used, the passing time for a prop firm account might range from 5 to 28 days.

Although the creators claim that the bot does not use the Grid Trading method, it really employs a similarly dangerous strategy known as Martingale. The Martingale betting technique doubles the wager size after each loss to quickly make up for prior losses. When trading using Firestorm Odin EA, traders must be mindful of the potential hazards connected to the Martingale strategy and practice sound risk management.

Recommendations

• FTMO challenge account with a balance of $100,000 or less is required as the minimum account balance.
• The currencies that perform best are the AUDNZD, AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, XAUUSD (GOLD), US30, and NAS100 (US100). (Presets are provided for FTMO challenges and other strong pairs)
• H1 Timeframe (or Any Timeframe) Performs 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).