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The “Milliontrader Elite Indicator” (Included) is a NON-Repaint indicator that forms the foundation of the automated forex robot known as “MillionTrader MT4 Expert Advisor.” When you need to make a trade and when to close it to take gains, this indicator examines the price behavior on the chart every second and finds the best entry points using an internal algorithm. Alternatively, the EA will automatically close the deal for you with additional filters.
With the use of MillionTrader’s buy/sell signals, it can identify swift and beneficial price changes. To generate just the trades with the highest likelihood, the algorithm meticulously assesses each trading signal. With this EA, you have the option of using the signals as-is or further filtering them with further chart analysis, which is advised.
Whenever a fresh signal emerges, the EA immediately closes the positions. By allowing the EA to operate on many currency pairings concurrently, hedging is attempted by simultaneously going long and short on highly correlated pairs, which lowers risk once again. I manually close some profitable positions while keeping others that are still making money open.
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Recommendations
- Minimum balance required for a cent account is $100, or an equal standard account.
- Work on any pair, but perform best on EURUSD, GBPUSD, and most other big pairs.
- Work on any TimeFrame, however M15, M30, and H1 are the best.
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
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