- December 9, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
High Flying Trading EA Review
In the dynamic world of forex trading, the quest for automated solutions that can enhance profitability and mitigate risks is unending. One such promising tool is the High Flying Trading EA, an expert advisor designed to navigate the complexities of the EURUSD market on M1 and M5 timeframes. In this article, we delve into the intricacies of this foreign institutional EA, providing a comprehensive guide to its features, settings, and potential benefits.
Understanding High Flying Trading EA:
The High Flying Trading EA operates primarily on the EURUSD market, strategically executing pending orders during sharp market movements. The system has undergone rigorous testing during the golden 1-hour period, showcasing its resilience and effectiveness in diverse market conditions. The EA employs a pending order transaction approach with key parameters such as Filter, StopLoss, Limit, and Distance, contributing to its nuanced trading strategy.
Version: 1.0
Best Brokers List
High Flying Trading EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
High Flying Trading EA Settings
Key Features and Settings:
- Filter: Set at 150, this parameter influences the EA's decision-making process during trades.
- MagicNumber: Assigned as 2015, the MagicNumber helps identify and manage the EA's trades effectively.
- StopLoss: Positioned at 5, this parameter acts as a safeguard against excessive losses.
- MinLots and MaxLots: Ranging from 0.01 to 100,000.0, these settings control the minimum and maximum lot sizes for trades.
- Risk and FixedLots: With Risk set at 10 and FixedLots at 0.01, users can manage the risk-reward ratio according to their preferences.
- Env_period, Env_deviation, Env_shift: These settings influence the EA's sensitivity to environmental changes, adding a layer of adaptability to different market conditions.
- UseMM: A boolean parameter (TRUE), enabling users to opt for dynamic money management.
- MaxSpreadPlusCommission: Capped at 12, this setting ensures that the EA operates within predefined spread limits.
- Limit, Distance, MAPeriod, MAMethod: These parameters contribute to effective money management and technical analysis integration.
Time Filter:
- StartHour, StartMinute, EndHour, EndMinute: Users can set specific timeframes for the EA to operate, aligning with their preferred trading hours.
Optimizing for Profit:
To unlock the full potential of the High Flying Trading EA, users are advised to exercise caution during the initial stages. Backtests provide valuable insights into the EA's performance, with variations observed in real transactions. The EA exhibits optimal performance on XAUUSD, EURUSD, GBPUSD, and similar markets with lower spreads and latency.
Conclusion:
The High Flying Trading EA stands as a beacon in the realm of forex trading automation, offering a sophisticated approach to trading EURUSD on short timeframes. By understanding and tweaking the expert advisor's settings, traders can harness its potential for enhanced profitability. However, it is crucial to exercise prudence and conduct thorough testing before venturing into live trading. The journey with High Flying Trading EA is an exploration of precision, adaptability, and strategic automation in the pursuit of financial success.
Download High Flying Trading 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.