- April 4, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Unlocking Forex Trading Potential with FX Volume EA
In the vast world of Forex trading, where rapid decisions can lead to significant gains or losses, having the right tools at your disposal can make all the difference. Among these tools, automated trading systems stand out for their ability to execute trades swiftly and efficiently, based on predetermined parameters. One such powerful tool making waves in the Forex market is the FX Volume EA.
Key Facts at a Glance
The FX Volume EA operates on a mean reversion strategy, leveraging five full years of unique real volume data. With each trade, it ensures a fixed stop loss and take profit, contributing to risk management and capital protection. Remarkably, the average trade duration is less than 48 hours, reflecting its agility in capitalizing on short-term market movements.
Unlike some other automated systems, the FX Volume EA prides itself on its avoidance of grid and martingale strategies, prioritizing a more sustainable and risk-conscious approach to trading. However, it's worth noting that it's not FIFO compatible, a factor traders should consider when incorporating it into their strategies.
Optimal Currency Pair Selection
One distinguishing feature of the FX Volume EA is its meticulous selection of currency pairs. Through rigorous testing over five years, only the most profitable pairs have earned a place in its trading repertoire. By focusing exclusively on these high-performing pairs, the EA maximizes its potential for success while minimizing exposure to less profitable options.
Moreover, traders have the flexibility to further refine their trading symbols, tailoring their strategy to match their preferences and market analysis.
Technical Specifications
Version: 1.54
Year of issue: 2024
Working pairs: Any
Recommended timeframe: H1
Minimum Deposit: $500
Average of account: 1:30 to 1:1000
Best Brokers List
FX Volume EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Balanced Default Settings
After extensive research and development, the default settings of the FX Volume EA represent a finely balanced configuration. These settings, honed over hundreds of hours, strike a harmonious equilibrium between risk and reward. While the parameters are largely self-explanatory, the developers encourage traders to reach out with any queries or concerns, underscoring their commitment to customer support and satisfaction.
Technical Requirements for Seamless Operation
To harness the full potential of the FX Volume EA , traders must ensure compliance with specific technical requirements:
- Allowed URLs: Add the designated URLs for volume data and news modules to the list of permitted URLs in your terminal properties. This step facilitates access to critical information integral to the EA's functionality.
- for the volume data -> https://stein.investments
- for the news module -> https://nfs.faireconomy.media
- SI Connect Installation: Install and run SI Connect on a separate chart in the background of your terminal. Acting as a dedicated data handler, SI Connect automatically downloads essential information from the data center, ensuring seamless operation of the FX Volume EA .
- Single-Chart Deployment: Deploy the FX Volume EA on just one chart. Despite its multi-symbol capabilities, the EA streamlines trade execution by consolidating all transactions within a single chart.
- VPS Recommendation: While not mandatory, utilizing a Virtual Private Server (VPS) is strongly advised for optimal performance. Traders seeking a reliable VPS provider can reach out to the developers for recommendations.
FX Volume EA Live Results
Advantages and Disadvantages
Advantages:
- Utilizes mean reversion strategy backed by extensive real volume data analysis.
- Implements fixed stop loss and take profit for risk management.
- Short average trade duration enhances liquidity and responsiveness to market shifts.
- Excludes grid and martingale strategies, prioritizing sustainability.
- Customizable currency pair selection allows for tailored trading strategies.
- Balanced default settings strike a harmonious balance between risk and reward.
- Dedicated customer support ensures assistance with any technical queries or concerns.
Disadvantages:
- Not FIFO compatible, limiting compatibility with certain trading strategies.
- Requires adherence to specific technical requirements for seamless operation.
- Deployment on a VPS is recommended, incurring additional costs for traders.
In conclusion
The FX Volume EA represents a potent tool for Forex traders seeking to unlock their trading potential. With its robust strategy, meticulous currency pair selection, and balanced default settings, it offers a compelling solution for both novice and experienced traders alike. By adhering to the outlined technical requirements and leveraging its advantages, traders can harness the power of automation to navigate the dynamic landscape of the Forex market with confidence and efficiency.
Download FX Volume 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.