- December 16, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Only EurUsd EA Review
In the dynamic world of Forex trading, the need for effective strategies and tools has never been greater. The Only EurUsd EA (Expert Advisor) emerges as a potential game-changer for traders seeking automated and optimized trading on the EURUSD pair. In this comprehensive guide, we delve into the product's description, settings, and results, providing insights for both novice and experienced traders.
Only EurUsd EA: Product Description
1. Automated Trading Advisor
The Only EurUsd EA is designed as an automated trading advisor, offering optimal results on the EURUSD pair. Its adaptability extends to other instruments, with customizable settings.
2. Timeframe and Trading Method
This Expert Advisor operates on timeframes ranging from m1 to m15, employing the averaging method. It incrementally increases trading volumes, ensuring a smooth and secure trading experience. Candlestick analysis is utilized for trade direction.
3. Risk Management
To mitigate risks, it is recommended to use 0.01 lots for every $1500-2000. Further risk reduction is advised by adjusting the step after 4 trades by 300 pips and after 6 trades by 500 pips. This conservative approach stems from 14 years of experience.
4. Drawdowns and Patience
Drawdowns are acknowledged as a normal part of trading. The Only EurUsd EA is programmed to skillfully navigate and recover from drawdowns, emphasizing the importance of time in this process.
Technical Specifications
Version: 1.0
Best Brokers List
Only EurUsd EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Only EurUsd EA Settings
1. Fr Martin
- Option 1: ON
- Option 2: OFF
2. Lot Multiplication
- LotMultiply: X
- Starter 14
- Star lot size: True (Stable) / False (by Balance)
3. Risk Management
- RiskPercent: 300
- TakeProfit: 500
- Distance between orders: 170
4. Additional Settings
- MaxTrades: 7
- UseEquityStop: False
- Tom: 500
- Magic Number: 2
- ShowTableOnTesting: False
Only EurUsd EA Results
After rigorous testing and live trading, the Only EurUsd EA has demonstrated impressive results:
- Total Trades: 5,971
- Profit Trades: 4,657 (77.99%)
- Loss Trades: 1,314 (22.01%)
- Best Trade: $300.45 USD
- Worst Trade: -$65.25 USD
- Gross Profit: $9,703.47 USD (398,624 pips)
- Gross Loss: -$5,299.67 USD (313,242 pips)
Performance Metrics
- Maximum Consecutive Wins: 34 (60.39 USD)
- Maximal Consecutive Profit: $433.87 USD (5)
- Sharpe Ratio: 0.08
- Trading Activity: 93.90%
- Max Deposit Load: 7.95%
- Latest Trade: 1 hour ago
- Trades per Week: 103
- Avg Holding Time: 8 hours
Risk and Reward
- Recovery Factor: 18.53
- Long Trades: 3,190 (53.42%)
- Short Trades: 2,781 (46.58%)
- Profit Factor: 1.83
- Expected Payoff: $0.74 USD
- Average Profit: $2.08 USD
- Average Loss: -$4.03 USD
- Maximum Consecutive Losses: 8 (-$211.89 USD)
- Maximal Consecutive Loss: -$237.60 USD (7)
Conclusion
With a monthly growth rate of 2.94%, an annual forecast of 35.64%, and 100% algorithmic trading, the Only EurUsd EA emerges as a reliable and promising tool for traders seeking automated success in the Forex market. Remember, informed decision-making is key in navigating the intricacies of algorithmic trading.
Download Only EurUsd EA
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
