- June 13, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Introduction Forex ANN EA
In the ever-evolving landscape of forex trading, staying ahead of the curve is imperative. Enter Forex ANN EA, a revolutionary grid trading system that integrates Artificial Intelligence (AI) and Deep Learning algorithms. This cutting-edge tool aims to empower traders with enhanced decision-making capabilities, leveraging technology to analyze market data swiftly and efficiently.
Understanding Forex ANN EA
Forex ANN EA operates on a sophisticated framework, harnessing the potential of Artificial Neural Networks (ANN) to sift through vast amounts of market data. Its primary objective is to identify high-probability trading opportunities across supported currency pairs, including NZDUSD, USDCAD, AUDNZD, and more. The system operates on the M5 timeframe, ensuring timely execution of trades.
Technical Specifications
Version: 2.23
Year of issue: 2024
Working pairs: NZDUSD, USDCAD, AUDNZD
Recommended timeframe: M5
Minimum Deposit: $1000
Average of account: 1:30 To 1:500
Best Brokers List
Forex ANN EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Forex ANN EA Settings
Installation and Requirements
Installing Forex ANN EA is a straightforward process, requiring attachment to a single M5 chart, preferably AUDCAD. Additionally, it's essential to ensure access to designated news list websites and time servers for optimal functionality.
Risk Management and Settings
Forex ANN EA prioritizes risk management, offering a range of customizable settings to align with individual trading preferences:
- Lot-sizing Method: Offers various lot-sizing methods, including fixed lots, dynamic lots, and deposit load-based calculations.
- Stop Loss and Take Profit: Allows precise control over stop loss and take profit levels, enabling traders to manage risk effectively.
- Grid Settings: Offers flexibility in grid trading, including trade distance, pause between trades, and maximum trade limits.
- News and Market Filters: Employs sophisticated filters to navigate through news events and market crashes, minimizing potential losses.
Key Features
Forex ANN EA offers a plethora of features designed to streamline trading operations:
- Deep Learning Filters: Utilizes trend, momentum, and volatility filters based on advanced Deep Learning algorithms.
- AI Forecasting: Filters out low-potential trades using AI forecasts, optimizing trade selection.
- News and Market Crash Filter: Incorporates an advanced filter to navigate through market uncertainties, mitigating risks during turbulent times.
- Multiple Currency Support: Provides flexibility with support for multiple currency pairs, allowing traders to diversify their portfolios effortlessly.
- User-Friendly Interface: Boasts a simple yet comprehensive interface, enabling traders to customize settings and options effortlessly.
- Solid Backtesting: Backed by robust backtesting and live performance, ensuring reliability and performance consistency.
- Cost-Effective Solution: Offers a cost-effective alternative to high-quality trading tools, making it accessible to traders of all levels.
Machine Learning Integration
With the integration of machine learning technology, Forex ANN EA enhances trade selection by filtering trades based on predicted probabilities of profitability. This ensures a more refined approach to trade execution, aligning with market dynamics effectively.
Advantages:
- Harnesses the power of AI and Deep Learning for robust trade analysis.
- Offers comprehensive risk management features to safeguard investments.
- Provides flexibility with support for multiple currency pairs.
- Cost-effective alternative to high-quality trading tools.
- Streamlines trading operations with a user-friendly interface.
Disadvantages:
- Requires familiarity with forex trading concepts and technical indicators.
- Reliance on technology may pose risks during unexpected market conditions.
- Continuous monitoring and adjustment of settings may be necessary for optimal performance.
- Potential for over-reliance on automated trading, diminishing trader discretion.
By embracing innovation and technology, Forex ANN EA represents a significant advancement in the realm of forex trading, promising enhanced efficiency, profitability, and risk management capabilities for traders worldwide.
Forex ANN EA Results
(EA) appears to be quite robust. Here’s a detailed analysis of its performance metrics:
Performance Metrics
- Growth: 237.64%
- The EA has achieved a substantial growth rate of 237.64%, indicating a more than doubling of the initial investment over the monitored period. This suggests a highly effective trading strategy.
- Profit: $11,463.75 USD
- With a total profit of $11,463.75, the EA has generated significant returns on the initial deposit, highlighting its profitability.
- Equity: $8,441.18 USD
- The current equity stands at $8,441.18, which shows the remaining account balance after accounting for all open and closed trades. This value is crucial as it reflects the account’s health and the effectiveness of risk management.
- Initial Deposit: $5,000.00 USD
- The initial deposit was $5,000.00, serving as the base capital for the EA to operate.
- Withdrawals: $8,000.00 USD
- Withdrawals amounting to $8,000.00 indicate that a significant portion of the profits has been realized and withdrawn from the account, which is a positive sign of capital preservation and profit realization.
Risk and Trading Activity
- Maximum Drawdown: 17.1%
- A maximum drawdown of 17.1% is relatively low, suggesting that the EA manages risks well and maintains a conservative approach to avoid significant losses.
- Max Deposit Load: 11.2%
- The maximum deposit load of 11.2% indicates that the EA utilizes a small portion of the available capital for its trades at any given time, which aligns with the low drawdown and indicates a prudent risk management strategy.
- Trading Activity: 56.9%
- A trading activity rate of 56.9% shows that the EA is moderately active, engaging in trades more than half the time. This is a balanced approach, providing sufficient opportunities for profit without excessive trading.
Trading Strategy and Performance
- Algo Trading: 99%
- The high level of algorithmic trading (99%) implies that the EA relies heavily on automated strategies, which can provide consistent execution and eliminate emotional biases.
- Profit Trades: 65.4%
- A win rate of 65.4% for profit trades indicates that the EA has a higher than average success rate, which is a positive indicator of the strategy’s effectiveness.
- Loss Trades: 34.6%
- The loss trades rate of 34.6% complements the profit trades percentage, confirming that while not all trades are successful, the overall success rate is significantly higher.
Reliability
- 240 Weeks Since 2019
- The EA has been operational for 240 weeks, or roughly 4.6 years, demonstrating long-term stability and reliability. This extended period also suggests that the EA has experienced various market conditions and has managed to remain profitable.
Conclusion
In conclusion, Forex ANN EA demonstrates a strong performance with a significant growth rate, low drawdown, and effective risk management. Its high percentage of profitable trades and long operational history add to its credibility. The strategy appears well-balanced, making it suitable for traders looking for consistent returns with controlled risk. However, potential investors should always consider market conditions and personal risk tolerance before relying solely on automated trading systems.
Download Forex ANN 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.