ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs


The SHREDER MT4 Forex EA is an automatic forex robot that employs a martingale and hedging strategy. This approach has given this EA a very high ROI (Return on Investment) and rather decent stability. The creators claim that this automatic trading system is capable of miracles.

Blowing your account is unavoidable after a long period of adopting this method, however with regular withdrawals of assets, the theory of probability works in our advantage. The risky martingale method instantly breaks even and turns profitable after the first investment is removed.


  • Minimum Account Balance: $100 for High Risk, $500 for Medium Risk, and $1,000 for Low Risk. Take these risk statistics with a grain of salt because this is a martingale EA.
  • Since an EA can double a $100 account in two days with a potential of blowing the account as well, it is advised that you adjust your individual risk tolerance and deposit. However, if you can disable the EA and stop all trades during erratic market conditions or breaking news, you can largely prevent this.
  • Work on any currency pair but perform best on EURUSD, GBPUSD, AUDNZD, and EURGBP.
  • Work on M5, H1 (any time frame) the best.
  • The approach With this EA, you can profit quickly and withdraw quickly. After double the deposit, withdraw it. (This EA has great potential using this technique.)
  • You might need to keep an eye out for tumultuous markets (news) and close trades if using this EA.
  • 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).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500



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