- November 26, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Advanced Easy Martingale EA Review
In the dynamic world of Forex trading, mastering the art of risk management and strategy implementation is crucial for success. The Advanced Easy Martingale EA is a revolutionary tool designed for traders who seek to maximize profits with minimal investment. In this comprehensive guide, we will delve into the product details, developer insights, pair and timeframe preferences, EA settings, and a thorough backtest analysis.
Product Overview: Advanced Easy Martingale EA
The Advanced Easy Martingale EA is designed for traders with a small initial balance, starting as low as $1000. With a unique strategy, it promises to multiply your investment in a matter of weeks, making regular withdrawals a key component of its success.
Version: 1.0
Best Brokers List
Advanced Easy Martingale EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Advanced Easy Martingale EA Settings
The success of any EA lies in its settings. Here are the key parameters for the Advanced Easy Martingale EA:
- Lot: Adjustable to suit your risk tolerance.
- Close Money($): Determine when to secure profits.
- EMAFast and EMA Slow: Employ exponential moving averages for trend analysis.
- TP (pips): Set your take profit level.
- Distance Grid (pips): Define the grid distance for optimal trading.
Developer's Perspective
The developer, a self-proclaimed Grid and Hedging Lover, candidly shares their journey. Acknowledging a previous failure, the developer emphasizes continuous improvement. After identifying a mistake in the initial programming, they have added extra logic and are currently running the EA on a Virtual Private Server (VPS) for forward testing. Two additional programming ideas are in the pipeline, demonstrating a commitment to innovation.
Pair and Timeframe Preferences
To maximize the potential of the Advanced Easy Martingale EA, the developer recommends focusing on the GBPUSD pair with a timeframe of M30. This strategic choice is based on extensive testing and aims to leverage market dynamics effectively.
Backtest Results
Symbol and Period
- Symbol: GBPUSD
- Period: 30 Minutes (M30) - January 2, 2023, to November 10, 2023 (Backtest Period: January 1, 2023, to November 13, 2023)
Performance Metrics
- Bars in Test: 10852
- Ticks Modelled: 15,673,817
- Modelling Quality: 70.54%
- Mismatched Charts Errors: 46
- Initial Deposit: $500.00
- Total Net Profit: $1,185.12
- Spread: 5 pips
- Profit Factor: 1.64
- Drawdown Metrics:
- Absolute Drawdown: $29.02
- Maximal Drawdown: $381.78 (32.32%)
- Relative Drawdown: 35.53% (297.45%)
- Trade Statistics:
- Total Trades: 2620
- Short Positions (won %): 72.58%
- Long Positions (won %): 74.00%
- Profit Trades (% of total): 73.28%
- Loss Trades (% of total): 26.72%
- Trade Profits and Losses:
- Largest Profit Trade: $51.48
- Largest Loss Trade: -$17.93
- Average Profit Trade: $1.58
- Average Loss Trade: -$2.65
- Consecutive Performance:
- Maximum Consecutive Wins (Profit in Money): 33 (21.94)
- Maximum Consecutive Losses (Loss in Money): 15 (-$127.22)
- Maximal Consecutive Profit (Count of Wins): $131.22 (6)
- Maximal Consecutive Loss (Count of Losses): -$127.22 (15)
- Average Consecutive Wins: 6
- Average Consecutive Losses: 2
Conclusion
The Advanced Easy Martingale EA presents an exciting opportunity for Forex traders seeking a dynamic, low-capital strategy. With insights from the developer's journey, strategic pair and timeframe preferences, and a comprehensive backtest analysis, this guide equips you to make informed decisions. Embrace the power of grid and hedging strategies, and let the Advanced Easy Martingale EA be your key to unlocking Forex trading success. Remember, adaptability and continuous improvement are the hallmarks of a resilient trader. Happy trading!
Download Advanced Easy Martingale EA
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
