A free to download automated high frequency EA is Fondex HFT. The HFT (high-frequency trading) algorithm underlies how this EA operates. This robot was created specifically to work quickly and carry out high frequency trading.
It is intended to function on either TimeFrame M1 or M5, and both are productive. It performs best on GBPUSD, GBPJPY, and USDJPY since these are markets with significant levels of volatility. These pairings and TimeFrames are best suited by the EA’s default settings. Simply drag and drop items on the chart to make everything set and forget. This EA earns money quickly and has a very low DD.
It does not using risky trading strategies like grid, martingale, etc. Therefore, there won’t be any trade if the market lacks liquidity. It occasionally performs 12–16 deals each week and occasionally only 2–6 trades. Therefore, it is evident from this that the market requires a lot of liquidity. HFT EA doesn’t open more than one trade at a time and can go days without taking any deals.
It can trade using a fixed lot or an auto lot that automatically increases the amount of the transaction based on the set criteria. Because this EA’s maximum drawdown % is low, it is possible to use it with only a small initial investment.
Recommendations
- $100 is the minimum balance required.
- Function optimally on the GBPUSD, GBPJPY, USDJPY, and EURUSD. (Attain any pair.)
- the M1 and M5 TimeFrames are the greatest. (Assemble in any time frame)
- It is prone to spread, slippage, and sluggish execution.
- 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).