May 13, 2022
Posted by: Forex Wiki Team
Category: Free Forex EA

10 Comments 11656 10724

Contents

1 Elite Algo Review

2 Best Brokers List

3 Setting Of Elite Algo V2

4 Elite Ago Trading

4.1 Elite Algo V2 Best Config

5 conclusion

6 Elite Algo V2 Free Download

6.1 Get Elite Algo V2

Elite Algo Review

Elite Algo V2 has withstood Brexit. Every desired interval opens a Buy and a Sell order at a multiple of n lots from the preceding order.
It closes the basket with the required monetary profit.

The Martingale approach is a well-known forex trading strategy. It seeks to double the deal size following a loss, to put it another way. The classic situation, also known as the zero expectation scenario, involves attempting to trade a result with a 50% profit margin.

Best Brokers List

The Elite Algo V2 works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:

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

Setting Of Elite Algo V2

For example, according to the parameters, the EA will open 6 orders (buy and sell) every 200 pips, 5 orders every 1000 pips, and the remainder of the orders every 2000 pips.

When set to true, the EA will not open any new orders once the basket has been closed.

my calculation is for 1:500

04,70 USD for the first position 0.02
04,70 USD against it
07,05 for the "solving" position 0.03
16,45 $ as margin results

risk/margin goes to

1:100 = 82,21 $
1:200 = 41,10 $
1:500 = 16,45 $
1:1000 = 8,22 $

Sometimes a steady account started with 30$ and leverage 1:500 goes further into saving areas (in my opinion ~ 300$), sometimes not.
Several times the accounts get margin calls - we all know why this must happen. But, we have to prevent it..and we have to find tools for mitigation. Sure, the 5 distances with the greatest trade from 0.12 lot give some hope to overcome those situations.

Luca, you once mentioned, that an account without manual closing action from a user makes more profit.
Therefore i am too very interested in drawdown or equity indicators to show such behavior of an account.

Well, it is against the cool emotion-free trading rules, but sometimes we all have a sixth sense for this, don't we?

Elite Ago Trading

Elite Algo V2 Best Config

conclusion

These beautiful fairly turbulent price swings in EUR GBP are delivering some great earnings these days: the system merely cashed in 80 euros yesterday. Moderation (or, in this case, volatility) is the key. It would be tedious and practically impossible to profit because the price range was confined to fewer than 50 pips. However, a 100-pip spike with a subsequent pullback yields far more gains and is far less dull. So long as the swing comes to a halt, retraces, and refuels. This is why I believe EUR GBP works better with this EA, but again, these are perfect conditions and are not indicative of future performance.