- September 18, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Quantum Trade EA Review
The rapidly advancing world of forex trading has witnessed a plethora of expert advisors (EAs) trying to decode the dynamics of currency markets. Quantum Trade EA's BenderFX v2, a groundbreaking robot for the MT4 platform, is here to raise the stakes. This article dives deep into what makes this product exceptional, from its functionality and features to its unique peculiarities.
The Mechanics and Essence
A brainchild of the latest technological breakthroughs, BenderFX v2 doesn't merely rely on traditional forex trading strategies. Instead, it amalgamates the wisdom of price action, Fibonacci extensions, and Fibonacci retracements. This blend ensures that traders are equipped with a tool that resonates with market movements and leverages profitable trading decisions.
Version: V2.0
Best Brokers List
Quantum Trade EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Features at a Glance
- Scheduling Flexibility: Traders can automate its operations, targeting their preferred trading sessions.
- Broker Versatility: Compatible with standard, cent, and micro accounts.
Requirements
- Starting Capital: A minimum of $1000 for each currency pair.
- Broker Type: Can seamlessly operate with standard, cent, or micro brokers.
- Trading Platform: A dedicated MT4 account.
- Connection Assurance: VPS is recommended for uninterrupted operations.
What Makes BenderFX Stand Out?
- Fibonacci and Price Action Synergy: BenderFX v2 meticulously blends Fibonacci retracements and extensions with price action, promising a potent trading algorithm.
- Machine Learning & Genetic Algorithm: BenderFX claims to utilize Machine Learning to diminish operational risks without compromising on profitability. Furthermore, custom sets, curated through Genetic Algorithms, enhance the EA's precision.
- Profit Prospects: With a monthly profit potential ranging between 40-80% of the initial capital, BenderFX makes a promising proposition.
- Redefining Martingale: Unlike typical EAs that employ the martingale strategy, BenderFX v2 ensures that entries aren't random. It banks on price action, Fibonacci insights, and advanced Machine Learning techniques.
To maximize BenderFX's efficacy, users must fine-tune input parameters, such as:
- FixedLots: Setting lot size, e.g., 0.01.
- UseTakeProfit & TakeProf: Determining if and when to take profit.
- UseStopLoss & StopLoss: Deciding upon a stop-loss strategy.
- Pipstep: Establishing pip steps for strategy.
- Limit Trading Time: Deciding trading hours.
- MagicNumber, PeriodForFibo: Configuring Fibonacci periods and magic numbers.
And more customizable settings, from daily trading limits to expiration times, ensuring traders can mold the EA as per their strategies.
Conclusion
In an ocean of trading robots, Quantum Trade EA establishes its unique position. Marrying traditional trading strategies with next-gen technologies like Machine Learning and Genetic Algorithms, it promises a future where forex trading becomes more predictive and profitable. With BenderFX v2, the future of trading seems not just profitable, but promising.
Download Quantum Trade 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.
Disclaimer: All trading involves risks. It's essential to do your own research and consider seeking advice from a licensed financial advisor before making any trading decisions.