- May 13, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Royal Flush FX EA Review
Forex trading can be a highly lucrative way to generate income, but it can also be a risky endeavor. As a result, many traders turn to expert advisors, or EAs, to automate their trading strategies and help mitigate risk. One such EA is the Royal Flush FX EA, which uses correlation trading methods to identify potential trading opportunities.
The Royal Flush FX EA is an automated trading system designed for use on the MetaTrader 4 trading platform. It utilizes correlation trading methods, which involve analyzing the relationship between different currency pairs to identify trading opportunities. The EA is capable of trading major currency pairs on multiple timeframes.
Minimum and Recommended Balance
The Royal Flush FX EA requires a minimum balance of $200 to operate. However, it is recommended that traders have a balance of at least $2,500 to fully take advantage of its capabilities.
Leverage and Expected Growth
The recommended leverage for the Royal Flush FX EA is 1/500. The expected growth rate is between 20% to 30% per week, which is a highly impressive rate of return.
Full Auto Trading
The Royal Flush FX EA is a fully automated trading system, which means that traders do not need to manually execute trades. This allows for greater convenience and flexibility, as traders can set up the EA to trade on their behalf.
Best Brokers List
The broker should have low fees, low swaps, and also a fast server. The Royal Flush FX 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|
Royal Flush FX EA Settings
The Royal Flush FX EA includes customizable settings and parameters to suit individual trading preferences. These include:
- Correlated Pairs – currency pairs used for correlation analysis.
- Correlation time range – the time range used for correlation analysis.
- Trade timeframe — the timeframe used for trade analysis and execution.
- Minimum correlation — the minimum correlation coefficient required to generate trading signals.
- Maximum spread – the maximum spread allowed to execute trades.
- Maximum Slippage – The maximum slippage allowed to execute a trade.
- Use Stop Loss – whether to use a stop loss order for each trade.
- Stop Loss in pips – the number of pips used for stop loss orders.
- Use Take Profit – whether to use a Take Profit order for each trade.
- Take Profit in Pips – the number of points used for Take Profit orders.
- Lot size – the size of each trade to be executed.
- Max Transactions – The maximum number of transactions to open at any one time.
- Max drawdown – the maximum drawdown allowed before stopping a trade.
- Magic number – a unique identifier that distinguishes a trade from other EAs or manual trades.
- Custom Indicators – any custom indicator used in conjunction with the EA’s built-in technical analysis.
The Royal Flush FX EA utilizes the correlation trading method, which involves analyzing the relationship between different currency pairs to identify potential trading opportunities. The EA uses technical analysis to determine entry and exit points, and it includes a stop loss order on every trade to help limit potential losses.
One of the key strengths of the Royal Flush FX EA is that it does not use risky trading methods like grids or martingales, which can lead to heavy losses. Instead, it relies on historical correlations between currency pairs to identify trading opportunities.
One potential weakness of the Royal Flush FX EA is that it relies on historical correlations between currency pairs, which may not always be a reliable indicator of future market movements. Additionally, the EA’s performance may be affected by changing market conditions or other external factors.
To manage risk, it is recommended to use the Royal Flush FX EA with a demo account before using it with real money. This can help traders evaluate the EA’s performance and determine if it is suitable for their trading style and risk tolerance. Additionally, using a Forex VPS can help ensure optimal performance of EAs by reducing the impact of internet connection and other technical issues.
Royal Flush FX EA Results
The Royal Flush FX EA is a promising tool for traders who are willing to take the time to properly evaluate and use it. With its correlation trading method, technical analysis, and customizable settings, it has the potential to be a profitable addition to any trading strategy.
Download Royal Flush FX EA :