- May 16, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Price Action Patterns EA Review
In the dynamic world of forex trading, traders are constantly seeking reliable and effective tools to enhance their trading strategies. One such tool that has gained significant attention is the Price Action Patterns EA trading robot. This cutting-edge algorithmic system utilizes the Price Action strategy and neural network technology to generate precise Buy/Sell signals, offering traders a competitive edge in the market. In this article, we will delve into the key features and benefits of the Price Action Patterns EA, highlighting its unique advantages and why it is worth considering for both novice and experienced traders.
Unveiling the Price Action Patterns EA
The Price Action Patterns EA employs a proprietary algorithm that combines the power of the Price Action strategy and neural network calculations. This synergy allows the robot to identify favorable trading opportunities by analyzing market patterns, trends, and price movements. Unlike other trading robots, the Price Action Patterns EA does not rely on grid or martingale strategies, ensuring a low and safe drawdown while providing consistent profitability.
Best Brokers List
The broker should have low fees, low swaps, and also a fast server. Investment Innovator 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|
|1:1000||$5||ASIC, CySEC , IFSC|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Price Action Patterns EA Settings
Key Benefits and Features
- High Profitability: With its advanced neural network technology, the Price Action Patterns EA achieves an impressive success rate of 95%-99% in generating profitable trades. This high level of accuracy translates into consistent returns for traders, increasing the overall profitability of their portfolios.
- Reduced Drawdown: Drawdown refers to the decline in a trader’s account balance during losing streaks. The Price Action Patterns EA effectively manages risk, resulting in low and safe drawdown levels. This aspect ensures capital preservation and reduces the emotional stress often associated with trading losses.
- Versatile Trading Modes: The EA offers three distinct trading modes – Low Risk, Standard Trade, and Aggressive Trade. These modes cater to different risk appetites and trading styles, allowing traders to select the approach that aligns best with their individual preferences and goals.
- Flexible Stop Loss Options: To enhance balance security, the Price Action Patterns EA provides three stop loss mechanisms. Traders can opt for a fixed stop-loss, stop-loss calculated based on the Average True Range (ATR), or stop-loss as a percentage of the trade balance. This flexibility enables traders to customize their risk management strategies effectively.
- Risk Management and Lot Size: The EA offers comprehensive risk management options, allowing traders to choose between a fixed lot size or an automatic lot size calculation based on a percentage of the account balance (AutoLot Risk Percentage). This feature empowers traders to control their risk exposure and optimize their trading performance.
- Monthly Profit Potential: The Price Action Patterns EA offers varying profit potentials based on the risk management setting chosen. With AutoRisk 1%, traders can aim for a monthly profit of 15-30% with a maximum drawdown of 1.45-2%. AutoRisk 2% offers a higher profit range of 30-60% per month with a drawdown of 2-3%. For those seeking greater returns, AutoRisk 3% provides an impressive profit range of 60-120% per month, albeit with a slightly higher drawdown of 5-6%.
Compatibility and Recommendations
The Price Action Patterns EA is designed for the MT4 trading platform, which is widely recognized and utilized by traders across the globe. It can be employed with any broker that allows gold trading (XAUUSD) and is recommended to be used with a leverage ratio of 1:100 or higher. To ensure uninterrupted and efficient trading, it is advisable to utilize a VPS server recommended by your broker.
The Price Action Patterns EA represents a significant breakthrough in forex trading, leveraging the power of the Price Action strategy and neural network technology. With its impressive accuracy, customizable risk management options, and versatile trading modes, this robot provides traders with a competitive
Download Price Action Patterns EA :
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.