With a long history of consistent trading, low drawdown, and a live track record, Pac Man EA is a free MT4 expert advisor. The sophisticated grid system, known as MT4 EA Download, has been operating on actual accounts for years. Rather than adapting the system to match historical data, as most people would do, it was made to take advantage of current market inefficiencies. It is therefore not a straightforward “hit and miss” system that relies solely on a grid to function. Rather, it takes advantage of real market dynamics to generate revenue.
This strategy has led to an extremely high ROI (return on investment) and reasonably good stability for the EA. The creators claim that this automated trading system is capable of amazing feats. Since the Martingale principle is thought to be the foundation of the trading system, many traders shy away from it. However, based on our testing, this Pac Man EA operates safely and effectively.
You can trade on multiple pairs with this EA One Chart Setup by simply attaching it to a single chart. You can modify the default trading pairs it uses, AUDNZD, AUDCAD, and NZDCAD, by providing input parameters.
Recommendations
- A minimum of $300 in 1:500 leverage or $1000 in 1:100 leverage is required for account balances.
- It is advised to use AUDCAD, and you should update the names in the Symbol parameter if your broker uses a suffix (such as AUDCAD.a).
- There is only one chart setup for this EA, so only one pair needs to be attached. Every pair specified by the input parameter will be traded on.
- Only work on the M15.
- You can only obtain the result of the single pair you tested when you backtest this EA because MT4 is unable to conduct multi-currency backtests.
- 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).