- January 7, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Dealer EA Review
The Forex Dealer EA is a highly effective and reliable Forex robot that has achieved impressive results in the market. In just 15 weeks, it has achieved a ranking of 28 on the mql5 rankings, completing a total of 139 trades with a success rate of 91.36%. This has resulted in a profit growth of 514%, making it a top-performing Expert Advisor.
The Forex Dealer EA operates on the M1 timeframe and is designed to trade the XAUUSD currency pair, which is the symbol for gold in the Forex market. It uses an averaging system to average out losses if a trade goes in the opposite direction, and also incorporates a trailing stop to move trades to breakeven and protect them with a stop loss if needed.
Best Brokers List
The Forex Dealer EA works with any broker and any type of account, but we recommend that our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Forex Dealer EA Settings
Forex Dealer EA Results
One of the unique features of the Forex Dealer EA is its ability to activate and deactivate trading at certain times and sessions. This can be useful for traders who want to take a break from trading or who want to limit their exposure to certain market conditions.
In terms of money management, the Forex Dealer EA is designed to be used with at least 100 units of currency. However, due to the volatility of gold as an instrument, it is recommended to start with a larger balance of at least $1000. This can be achieved by adjusting the “RISK” parameter in the EA settings to a value of 10.
Overall, the Forex Dealer EA is a versatile and reliable choice for traders looking to trade the XAUUSD currency pair. Its strong track record and impressive performance make it a promising choice for those seeking consistent and profitable results in the Forex market. However, it is important to always do your own due diligence and risk management when using any trading tool, and to test the EA on a demo or cent account before using it on a live account.
Forex Dealer EA Free Download
We highly recommend trying the Dealer EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.