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A free to download Forex EA for MT4 is called SilverFox EA. It is entirely automated. 40 to 80 trades can be opened per day. Therefore, it might be more lucrative to use this EA in conjunction with a rebate scheme.
It makes use of a variety of technical indicators, hedging, and martingales. This approach has led to this EA’s strong ROI (Return on Investment) and reasonably decent stability. But occasionally it can get a little hazardous. Your lot size and risk value will determine how much profit you can expect to generate each month.
The SilverFox Forex EA has two trading options: fixed lots or auto lots, which automatically raise the transaction size in accordance with predefined parameters. On a 690$ Cent account, it generates profits ranging from 7% to 16% a month, with a maximum drawdown of 27% (see results in MyfxBook account or on screenshot below).
Blowing your account is inevitable after utilizing this tactic for a while. The probability theory, however, works in our favor when investments are periodically withdrawn.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.
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Recommendations
- A 200 cent minimum account balance is required.
- Work on any currency pair, however EUR/USD is preferred.
- Any TimeFrame will work the same.
- On the strategy tester, it does not operate properly.
- 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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