A fully automatic forex robot called RED FOX EA is typically available for 266 dollars. The same programmers who created Promax Gold EA also created this free forex robot. The RED FOX EA is made for traders who prefer moderate drawdowns and consistent profit increase. Users can choose between mild drawdown and aggressive settings on it.
Features
- Low drawdown setting and less than 9% drawdown per pair total drawdown for all pairs under 18%
- For an aggressive setup, drawdown should be less than 15% each pair. total drawdown for all pairs under 38%
- Monthly profits of 10% to 28% at low drawdown settings
- 17% to 48% per month when operating aggressively
- Management of auto lots based on account funds
- News filter – To prevent investing on days with significant market events
- 100% Martingale-Free Approach
- Spread control: a way to stay out of risky markets
Recommendations
- Minimum balance in stranded accounts is $1,000.
- CurrencyPairs
- Pairs with little drawdown: EURCAD, EURUSD, GBPUSD, GBPCAD, and USDCAD
- AUDUSD, EURAUD, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPNZD, GBPUSD, and USDCAD are aggressive currency pairings.
- Work on any time frame, although M1 and M5 are the finest.
- 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).