Trade Armor EA is a fully automated Safe MT4 EA based on price action that is typically marketed for $649. It trades sparingly and performs better on longer time frames. No more than 1 to 3 trades every week on average.
A second order average is opened by EA if a trade goes against it. The EA uses the grid approach rather than the martingale strategy, although it can only execute a maximum of five trades at once (configurable based on input parameters). It’s also important to note that the orders are only available for a brief period of time (between one and three days).
The Double OsMA and price action-based signal are used in this EA’s Version 1’s trading technique. The EA will begin its smart averaging method without a martingale when the trend reverses. There is also a V2 (not available here) that combines the grid, hedging, and martingale.
Recommendations
- Minimum Account Balance: $100 for risky accounts, $300 for recommended accounts, $500 for safe accounts, or an equivalent cent account.
- Work on any currency pair, however GBPJPY, EURUSD, and GBPUSD are the best.
- Work on any time frame, although H1 and H4 TimeFrames are the finest.
- 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).