EquiMean EA MT4 – Free Download

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EquiMean EA: A Review of a Forex Trading Tool

Forex trading has changed a lot over the years, with smart computer programs now playing a big part in how people trade. One tool that’s getting a lot of attention is the EquiMean EA. This EA (Expert Advisor) is based on the idea that prices will eventually go back to their average after moving too much in one direction. Unlike some other EAs that promise perfect trading records or use risky strategies, EquiMean EA offers a more balanced and easy-to-understand way of trading.

In this article, we’ll look at the features, pros and cons of EquiMean EA, giving you a good review to help you decide if this tool is right for your trading style.

EquiMean EA MT4 - Free Download 2

EquiMean EA MT4 - Free Download 3 EquiMean EA MT4 - Free Download 4

Technical Specifications

Version: 2.6
Year of issue: 2024
Working pairs: EURUSD
Recommended timeframe: M15
Minimum Deposit: $1000
Average of account: 1:30 To 1:500

Best Brokers List

EquiMean 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 NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
EquiMean EA MT4 - Free Download 5Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
EquiMean EA MT4 - Free Download 6Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
EquiMean EA MT4 - Free Download 7Register2009
🇧🇿 Belize
1:2000$10FSC
EquiMean EA MT4 - Free Download 8Register2009
🇧🇿 Belize
1:3000$1IFCS
EquiMean EA MT4 - Free Download 9Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
EquiMean EA MT4 - Free Download 10Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
EquiMean EA MT4 - Free Download 11Register2011
🇬🇧 England
1:500$25CySEC
EquiMean EA MT4 - Free Download 12Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

EquiMean EA Settings

EquiMean EA MT4 - Free Download 13

Features of EquiMean EA

Mean Reversion Algorithm

EquiMean EA’s main strategy is based on mean reversion. This means that it assumes prices will go back to their average after they move away from it. This strategy works best in markets that don’t trend too much in one direction but instead move back & forth.

Real Trading History

The EA has been used in real trading since April 2023, so users can see how it’s performed in real situations. This is important because it lets traders see how the EA works in real market conditions.

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Built-in News Filter

EquiMean EA has a built-in news filter with different options for customization. Traders can set the EA to pause trading around big news events, helping reduce the risk of big market moves that often happen during these times.

Stop Loss & Take Profit Protection

All trades made by EquiMean EA are protected by Stop Loss (SL) levels. This feature makes sure that losses don’t pile up in an attempt to keep a nice-looking chart. Instead, it manages risk wisely by sticking to set limits.

Customizable Trading Patterns

The EA lets users change their trading patterns by adjusting the mix of risk and returns to match what they want. This makes EquiMean EA a good choice for traders with different risk levels and goals.

Avoidance of High-Risk Strategies

EquiMean EA avoids using dangerous trading methods like martingale or grid trading, which can lead to big losses. Instead, it uses a unique algorithm that focuses on safe and understandable trading.

EquiMean EA Results

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Pros of EquiMean EA

Transparency in Trading

EquiMean EA offers a real trading history since April 2023, giving users a clear view of its past results. This is important for traders who want to see how well the EA has worked in real-life situations.

Good Risk Management

The Stop Loss and Take Profit levels in each trade help manage risk effectively. This feature prevents losses from getting too big & helps keep a balanced approach to trading.

Flexible Customization

The EA’s ability to let users customize trading patterns and the built-in news filter means traders can tweak the EA to fit their needs. This flexibility makes EquiMean EA suitable for many types of traders and market conditions.

Safer Trading Methods

By not using risky strategies like martingale or grid trading, EquiMean EA reduces the risk of big losses, making it a better option for traders who don’t like taking big risks.

Easy to Use

EquiMean EA is set up to work best with the EURUSD pair on the M15 timeframe, with very little setup needed. This makes it easy to use even for less experienced traders.

Cons of EquiMean EA

Short Trading History

Even though the EA has been trading live since April 2023, this isn’t a very long time to see how well it performs over the long run. Traders might find it hard to judge the EA’s effectiveness over different market situations with only a few months of data.

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Market Condition Dependency

How well mean reversion strategies work, like those used by EquiMean EA, can depend a lot on the market. In markets that trend a lot, where prices move far away from their average, this strategy might not do as well as others.

Complex Customization

While the EA offers a lot of customization options, this could be too much for beginner traders. If these settings are not configured right, it could lead to poor results, especially if the trader doesn’t fully understand how the algorithm works.

News Filter Testing

When backtesting in MetaTrader 4, the news filter doesn’t get taken into account, which might cause differences between backtested results & live trading. This means you need to be careful and maybe make some manual adjustments when trading live.

Broker Dependency

The EA is recommended to be used with brokers that offer low spreads, low commissions, and fast execution. Traders who use brokers that don’t meet these standards might see worse performance, leading to higher costs and lower profits.

Conclusion

EquiMean EA offers a clear and balanced approach to forex trading, focusing on mean reversion with good risk management features. Its customization options and avoidance of risky strategies make it a good choice for both new and experienced traders. But, its short trading history, reliance on market conditions, and possible complexity in customization are things traders should think about before using this tool.

Download EquiMean EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.