Free to download is the fully automated Expert Advisor FX Hunter v9G. It is a grid-based forex trading robot that follows the “buy low, sell high” tenet. To do this, trades are started based on signals from built-in indicators. Unfortunately, in this extremely liquid market, it does not always guarantee that the price will move in the desired direction.
The Forex Hunter EA handles open trades using a properly thought-out martingale strategy if the entry is not accurate enough. When the target (the level of take-profit) is reached, open orders are grouped into baskets and closed right away.
This Expert Advisor does not engage in scalping or short-term trading. Opening market orders adds orders to the “basket” (in some cases, the adviser uses Buy-Stop/Sell-Stop orders to close price gaps). Using certain complex approaches to control grid geometry yields nearly ideal open basket geometry (slippage, higher spreads, etc.) regardless of the status of the market.
With the help of FX Hunter EA’s many risk management capabilities, you can safeguard your account and control trading risks in accordance with your preferences and trading style.
Blowing your account is inevitable after utilizing this tactic for a while. The probability theory, however, works in our favor when investments are periodically withdrawn. The risky martingale method instantly breaks even and turns profitable after the first investment is removed.
Recommendations
- a minimum balance of,
- Safe setting $5000 (in $50 accounts)
- $3000 in standard mode (30 cent accounts)
- combative tone Two thousand dollars ($20 accounts)
- Work on any currency pair, although EUR USD and GBP USD are the best.
- Work on M5 (any time frame) best.
- You might need to close trades when markets become volatile (News).
- 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).