The ROC indicator is used in the automatic Forex trading strategy known as Marvelous EA. It is easy and practical to use. Simply attach it using the EURUSD, GBPUSD, NZDUSD, AUDUSD, AUDJPY, or USDCHF default settings. Or, using the provided set file, it also functions nicely with Gold(XAUUSD). Every trade made by this robot includes a Stop Loss and Take Profit as well as a Trailing Stop.
Since this EA uses the martingale strategy, it can occasionally become a little hazardous. This strategy gives this EA an extremely high ROI (Return on Investment) with a potential to lose the initial investment. The creators claim that this automatic trading system is capable of miracles. Your lot size and risk value will determine how much profit you can expect to generate each month. However, the creator asserts
Blowing your account is a risk if you use this approach for a prolonged period of time. The probability theory, however, works in our favor when investments are periodically withdrawn.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.
The approach With this EA, you can profit quickly and withdraw money quickly. Obviously, this is the holy grail, and with such a risk, the adviser could one day lose the investment. The primary rule is, however, to withdraw the money after it has doubled. Or you may make a sizable deposit and run it quite safe.
Recommendations
- Minimum Account Balance: $100 for the safe option or $100 for the hazardous method.
- Risky Method: After doubling your money, you can withdraw it using a $100 account. This approach is hazardous because it has the potential to blow an account and can double $100 accounts in a week or less. However, if you can disable the EA and stop all trades during erratic market conditions or breaking news, you can largely prevent this.
- Safe Method – For the safe Method, you may also utilize a $100 account or an equal standard account.
- Work quickly on the M5 and H1 TimeFrame to ensure safe operation. (Assemble any TimeFrame)
- Work on any currency pair, but perform best on EURUSD, GBPUSD, NZDUSD, AUDUSD, AUDJPY, and USDCHF.
- Additionally, it supports Gold (XAUUSD) and includes set files for that.
- 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).