Precision EURUSD EA MT4 (Update 12/09) – Free Download

Precision EURUSD EA: A Comprehensive Review of the Automated Forex Trading Tool

In the ever-evolving world of forex trading, automated trading tools have become indispensable for traders seeking to optimize their strategies and maximize profits. One such tool is the Precision EURUSD EA, an automated and highly accurate trading advisor designed specifically for trading the EURUSD currency pair. This review will delve into the features, advantages, disadvantages, and operational requirements of this trading tool, providing a detailed analysis for potential users.

Technical Specifications

Version: 1.2
Year of issue: 2024
Working pairs: EURUSD
Recommended timeframe: EURUSD
Minimum Deposit: $500
Average of account: 1:30 To 1:1000

Best Brokers List

Precision EURUSD 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 NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Precision EURUSD EA Settings

Features and Functionalities

Precision EURUSD EA is packed with features aimed at enhancing trading efficiency and accuracy. Here are the key functionalities:

Intelligent System for Closing Unprofitable Orders

The advisor employs an intelligent system to close unprofitable orders, minimizing losses and protecting the trader's capital. This system uses one or two additional orders, each 2.5 times larger than the previous, opened when a trend change signal appears.

News Filter and Trading Time Filter

The EA includes a news filter and a trading time filter, allowing traders to avoid high-volatility periods caused by news events. The news filter can be tested upon request, adding an extra layer of security to the trading strategy.

Configurable Inputs

Traders can customize various settings to align with their trading strategies:

• Trade Settings: Includes parameters like magic number, slippage, maximum spread, comments, lot type and size, take profit, trailing stop, stop loss, and maximum drawdown.
• News Filter Settings: Allows enabling or disabling filters for medium and high-impact news, setting pauses before and after news events, and drawing news lines on the chart.
• Visual Settings: Options to adjust the color scheme, show the trading panel, and set the panel and text size.

Review Precision EURUSD EA Result

Advantages of Precision EURUSD EA

Precision EURUSD EA offers several advantages that make it a compelling choice for forex traders:

Intelligent Loss Management

The advisor's system for closing unprofitable orders helps to minimize potential losses, making it a safer option for traders.

Customizability

The EA's extensive configuration options allow traders to tailor the tool to their specific needs and strategies, enhancing its flexibility and usability.

News and Time Filters

By avoiding trading during high-volatility news events and outside preferred trading times, the EA can help reduce risk and improve trading outcomes.

Testing Support

Traders can request a news file to test the news filter, providing an opportunity to evaluate the tool's performance under various conditions.

Disadvantages of Precision EURUSD EA

While Precision EURUSD EA has many strengths, it also has some limitations that traders should consider:

Complexity

The extensive configurability may be overwhelming for novice traders. Understanding and optimizing the numerous settings require a significant learning curve.

Dependency on Market Conditions

The EA's performance can be heavily influenced by market conditions. Unpredictable market events and high volatility can still pose risks, despite the tool's advanced features.

Initial Investment

A minimum deposit of $100 and a recommended leverage of 1:100 or more may be a barrier for some traders. Additionally, the need for an ECN account with low spreads might not be feasible for all users.

Conclusion

Precision EURUSD EA is a powerful and highly customizable automated trading tool designed to enhance trading accuracy and efficiency in the EURUSD currency pair. Its intelligent system for managing unprofitable orders, coupled with its robust news and trading time filters, makes it a valuable asset for experienced traders. However, its complexity and dependency on favorable market conditions mean it may not be suitable for all users, particularly beginners. As with any trading tool, potential users should thoroughly evaluate its features and limitations to determine if it aligns with their trading goals and strategies.

Download Precision EURUSD EA

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