When the EA is used in AUTO Mode, which is the default, it uses readings from 3 TimeFrames, 4 oscillators, and CURRENT volume from all of these currencies to calculate as many ideal entries as possible.
According to what was stated above, the EA creates positions using readings from all of these currencies and searches to over 70 conditions based on 11 years of backtesting (yes, it is true). In order to close open positions and reduce DD, the EA employs three different forms of TP:
a. The EA will alter the space between transactions after the user has specified a particular lot size. b. The EA will begin OVERLAP closing THE POSITIONS (one losing with one winning) after a particular lot size set by the user.
IMPORTANT 1:
A secret technique (the second means of closing positions) based on HISTORICAL DATA is employed to “avoid” potential bad situations aside from THE EAs inputs for TP.
IMPORTANT 2:
With the “Aggressive” input, an additional approach is employed for more deals. To enable it (by default), set 1; to deactivate it, set 1000.
Recommendations
- Minimum account balance per pair is $1,000.
- The GBPUSD chart MUST ABSOLUTELY be utilized with the EA.
- Following that, you can use it as follows depending on the balance:
- Chart for GBPUSD and EURJPY
- EURJPY, GBPUSD, and EURUSD
- GBPUSD, EURJPY, EURSD, and both or either GBPPCHF or GBPAUD.
- GBPAUD, EURJPY, EURUSD, GBPCHF, USDCAD, and both EURCAD and USDCAD.
- Timeframes of M5 or M15 Work Best. Work within any timeframe.
- This 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).