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

4
(2)

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.

Precision EURUSD EA MT4 (Update 12/09) - Free Download 2

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 NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
Precision EURUSD EA MT4 (Update 12/09) - Free Download 3Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
Precision EURUSD EA MT4 (Update 12/09) - Free Download 4Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
Precision EURUSD EA MT4 (Update 12/09) - Free Download 5Register2009
🇧🇿 Belize
1:2000$10FSC
Precision EURUSD EA MT4 (Update 12/09) - Free Download 6Register2009
🇧🇿 Belize
1:3000$1IFCS
Precision EURUSD EA MT4 (Update 12/09) - Free Download 7Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
Precision EURUSD EA MT4 (Update 12/09) - Free Download 8Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
Precision EURUSD EA MT4 (Update 12/09) - Free Download 9Register2011
🇬🇧 England
1:500$25CySEC
Precision EURUSD EA MT4 (Update 12/09) - Free Download 10Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Precision EURUSD EA Settings

Precision EURUSD EA MT4 (Update 12/09) - Free Download 11

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

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

Precision EURUSD EA MT4 (Update 12/09) - Free Download 13

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.

165.96 KB

How useful was this post?

Click on a star to rate it!

Average rating 4 / 5. Vote count: 2

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



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.