- June 17, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
High Volatility Trading Strategies Review
of transactions according to the trend
Diversification of risks
to any change
in trend movement
|Currency pair||EurGbp, GbpUsd, EurUsd, AudUsd|
|Money management||At least 300 currency units|
Best Brokers List
The Forex Trend Rider EA works with any broker and any type of account, but we recommend our clients to 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||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Forex Trend Rider EA Setting
HOW DOES A TRADING ROBOT WORK
The Forex Trend Rider EA trading robot analyzes the trend movement and, at the beginning of the intensive movement of the currency pair, opens deals based on the analysis. The robot algorithm for analysis uses the RSI indicator, which determines the strength of the trend and the likelihood of its change. When a trend reverses, it instantly reacts to changes. The Forex Trend Rider MT4 robot uses risk reduction systems in case of a high drawdown of the account deposit.
A set of files for a few currency pairings is included with the advice. After testing them, I came to the conclusion that these settings are only suitable for large deposits of more than 10,000 units of currency; if the deposit is less, the robot drains it as quickly as possible. Because not everyone has a deposit of more than 10,000, it was decided to try to optimize the adviser for a smaller deposit, and we succeeded, though only in the tester; you can see the results of our testing below, and we also attached ou
HOW MUCH PROFIT CAN THE X ROBOT MAKE?
WHAT CURRENCY PAIRS CAN THE ROBOT WORK ON?
WHAT IS THE MINIMUM DEPOSIT TO START WORKING AS A ROBOT?
HOW LONG WILL THE ROBOT PAY FOR ITSELF?
I’m not sure how true all of this is, but I’m convinced that the robot is not at all safe with the settings that the developer recommends, and that the $500 deposit is drained in an instant. Furthermore, with the same settings, the adviser trades on a grid system using martingale, which is not at all safe.
Forex Trend Rider EA Free Download
We highly recommend trying the Forex Trend Rider EA for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.