SafeTrade EA MT4 – Free Download

Introduction SafeTrade EA

In the fast-paced world of forex trading, tools that offer automation and optimized performance are highly sought after. SafeTrade EA is one such tool designed to cater to both novice and veteran traders, with a range of features aimed at maximizing profitability while ensuring ease of use. This article delves into the intricacies of SafeTrade EA, its advantages, and its potential drawbacks, providing a thorough review for anyone considering integrating this tool into their trading arsenal.

Technical Specifications

Version: 1.0
Year of issue: 2024
Working pairs: ANY
Recommended timeframe: M5
Minimum Deposit: $1000
Average of account:  1:30 to 1:1000

Best Brokers List

SafeTrade EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

SafeTrade EA Settings

Key Features of SafeTrade EA

Flexibility and Customization

SafeTrade EA stands out for its flexibility, allowing traders to adjust settings according to their risk tolerance and trading strategies. Whether you are a beginner or an experienced trader, the tool provides a customizable trading environment that can adapt to various market conditions.

Optimized for Scalping

Scalping, a trading strategy that targets small but frequent profits, is a notable feature of SafeTrade EA. The tool is optimized for the M5 timeframe, which is ideal for scalping, enabling traders to take advantage of short-term market volatility.

High-Risk, High Reward

With a minimum capital requirement as low as $10, SafeTrade EA allows traders to engage in high-risk, high-reward trading. It supports trading up to four pairs, including EURUSD, USDCHF, GBPUSD, and AUDUSD, with the option to start with small lots (0.01), adjustable in the settings.

Full Automation

SafeTrade EA offers complete automation, handling everything from trade opening (buy/sell) to setting take profit and closing trades. This level of automation ensures that traders can focus on strategy development and market analysis without getting bogged down by the mechanics of trade execution.

Review SafeTrade EA Results

1. Performance: The EA shows an impressive gain of 1069.52%, which is exceptional. This level of return is extremely high for forex trading and warrants careful examination.
2. Equity Growth: The chart displays consistent upward equity growth from December 2016 to October 2017, with a particularly steep increase in February 2017. The equity growth reached 921.72% by February 17, 2017.
3. Balance: The current balance is $33476.04, starting from an initial deposit of $5000. This represents a significant increase in capital.
4. Drawdown: The maximum drawdown is 21.93%, which is relatively high but not uncommon for aggressive trading strategies that yield high returns.
5. Time frame: The EA has been running for about 10 months (from January 28, 2018, to the current date shown in the image).
6. Trading pairs: The EA trades EURUSD, USDJPY, and EURJPY, focusing on major currency pairs.
7. Methodology: It's described as using technical analysis and is automated, running on MetaTrader 4.
8. Verification: The track record and trading privileges are verified, which adds credibility to the results.

While these results are impressive, it's important to note:

1. Past performance doesn't guarantee future results.
2. The high return comes with significant risk, as evidenced by the drawdown.
3. The strategy's long-term sustainability is unclear without more information on its methodology.
4. It would be prudent to examine how this EA performs under different market conditions.

Advantages of SafeTrade EA

Accessibility

One of the significant advantages of SafeTrade EA is its accessibility. The tool can be set up on both laptops and mobile phones, providing traders with the flexibility to manage their trades on the go. The platform supports all desktop versions of MetaTrader 4.

Low Capital Requirement

SafeTrade EA’s low capital requirement makes it accessible to a broader audience. With a minimum starting capital of just $10, it opens the doors to forex trading for individuals who may not have substantial funds to invest initially.

Secure Money Management

The tool incorporates secure money management features, which are crucial for sustaining long-term profitability in forex trading. This includes automatic setting of take profit levels and closure of trades, which help in mitigating losses and securing gains.

Unlimited Account Use

There is no limit on the number of accounts that can use SafeTrade EA. This feature is particularly beneficial for professional traders managing multiple accounts or trading on behalf of clients.

Round-the-Clock Trading

SafeTrade EA supports 24/7 trading, allowing traders to take advantage of market opportunities at any time. This is particularly useful for traders in different time zones or those who want to capitalize on market movements outside regular trading hours.

Disadvantages of SafeTrade EA

High Risk

While the potential for high rewards exists, the high-risk nature of forex trading with SafeTrade EA cannot be overlooked. The tool's settings for high-risk trading require careful monitoring and adjustment to prevent significant losses, especially for inexperienced traders.

Dependency on Market Conditions

The effectiveness of SafeTrade EA can be heavily influenced by market conditions. During periods of low volatility or unpredictable market behavior, the tool's performance might not meet expectations, leading to potential losses.

Initial Learning Curve

Despite its user-friendly design, SafeTrade EA still requires a certain level of understanding and expertise to set up and optimize. Novice traders may face a learning curve in configuring the tool to suit their trading strategies and risk tolerance.

Conclusion

SafeTrade EA presents a compelling option for traders looking to leverage automation in the forex market. Its flexibility, low capital requirement, and comprehensive automation features make it an attractive tool for both beginners and experienced traders. However, its high-risk nature and dependency on market conditions necessitate a cautious and informed approach. By understanding its features and potential drawbacks, traders can better assess whether SafeTrade EA aligns with their trading goals and risk appetite.

Download SafeTrade EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.