TradeWizFX EA MT4 – Free Download

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Introduction to Forex Trading

Forex trading, or foreign exchange trading, is a popular method of making money by buying and selling foreign currencies online. This business involves speculating on the value of one currency compared to another, and can be highly profitable if done correctly. However, it requires a significant amount of knowledge and expertise. Traditionally, there are two main ways to engage in forex transactions:

  1. Manual Trading: Requires special skills in market analysis.
  2. Auto Trading Software: Utilizes software like "TradeWizFX EA" to automate the trading process.

What is TradeWizFX EA?

TradeWizFX EA (Expert Advisor) is an automated trading software designed to execute trades on behalf of the user. This tool operates on autopilot, adhering to preset rules and strategies to maximize profit while minimizing risk. The software is engineered to function effectively in various market conditions, whether trending or sideways.

TradeWizFX EA MT4 - Free Download 2


Technical Specifications

Version: 1.0
Year of issue: 2024
Working pairs: EURUSD
Recommended timeframe: M5
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000

Best Brokers List

TradeWizFX 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
TradeWizFX EA MT4 - Free Download 3Register2007
πŸ‡¦πŸ‡Ί Australia
πŸ‡¨πŸ‡Ύ Cyprus
πŸ‡§πŸ‡Έ The Bahamas
πŸ‡ΈπŸ‡Ώ Seychelles
1:1000$200ASIC, SCB, FSA
TradeWizFX EA MT4 - Free Download 4Register2008
πŸ‡¨πŸ‡Ύ Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
TradeWizFX EA MT4 - Free Download 5Register2009
πŸ‡§πŸ‡Ώ Belize
1:2000$10FSC
TradeWizFX EA MT4 - Free Download 6Register2009
πŸ‡§πŸ‡Ώ Belize
1:3000$1IFCS
TradeWizFX EA MT4 - Free Download 7Register2009
πŸ‡¨πŸ‡Ύ Cyprus
πŸ‡¦πŸ‡Ί Australia
πŸ‡§πŸ‡Ώ Belize
πŸ‡¦πŸ‡ͺ Emirates
1:1000$5 ASIC, CySEC , IFSC
TradeWizFX EA MT4 - Free Download 8Register2010
πŸ‡¦πŸ‡Ί Australia
1:500$200FCA , ASIC, DFSA
TradeWizFX EA MT4 - Free Download 9Register2011
πŸ‡¬πŸ‡§ England
1:500$25CySEC
TradeWizFX EA MT4 - Free Download 10Register2006
πŸ‡ͺπŸ‡­ Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

TradeWizFX EA Settings

TradeWizFX EA MT4 - Free Download 11

Features and Benefits of TradeWizFX EA

New EA 2024 - TradeWizFX EA Final Version

The latest iteration, TradeWizFX EA Final Version, builds on the strengths of its predecessor, TradeWizFX EA version 3, which gained popularity for its resilience in extreme market conditions. The new version addresses previous weaknesses, offering enhanced performance and reliability.

Key Features:

  • Automated Trading: No need for manual intervention. The software opens and closes positions automatically.
  • User-Friendly: Ideal for beginners who lack advanced trading skills.
  • Continuous Profit Generation: Designed to generate consistent profits every month.
  • 24/7 Operation: The robot works around the clock, requiring no downtime.
  • Minimal Capital Requirement: Start with as little as $100.
  • Stress-Free Trading: No need for market analysis or monitoring charts daily.
  • Good Risk Management: The software includes features to manage risk effectively, ensuring steady profits.
  • Liquidity: Users can withdraw their funds at any time, ensuring they have full control over their investment.

Review TradeWizFX EA Results

TradeWizFX EA MT4 - Free Download 12 TradeWizFX EA MT4 - Free Download 13

The account is up 80% since April 29, 2024, with a maximum drawdown of 20%. This is a very high return over a short period of time, and it is important to be cautious of forex EAs that promise such high returns.

Here are some reasons to be cautious:

  • Short track record: The demo account only has a track record of two months. It is possible that the EA was profitable in this period by chance, and it may not be profitable in the future.
  • High leverage: The account is using leverage of 1:500. This means that a small move in the market can cause a large loss. Even a small drawdown could wipe out your account if you are using this much leverage.
  • Demo account: Demo accounts do not use real money. Traders may be more likely to take risks on a demo account that they would not take on a live account.

Advantages of TradeWizFX EA

  1. Ease of Use: Perfect for beginners and those who do not have the time or expertise to trade manually.
  2. Automation: Eliminates the emotional stress associated with trading, such as fear and greed.
  3. Time-Saving: The software handles all trading activities, freeing up time for users to focus on other pursuits.
  4. Consistent Performance: Proven track record of generating profits in various market conditions.
  5. Flexibility: Users can access and manage their accounts from their smartphones, making it convenient to monitor and adjust settings as needed.

Disadvantages of TradeWizFX EA

  1. Reliance on Technology: Dependence on software can be risky if there are technical glitches or internet issues.
  2. Initial Learning Curve: While user-friendly, there is still a learning curve to understand the settings and optimize the software.
  3. Market Volatility: Extreme market conditions can sometimes lead to unexpected results, although the software is designed to mitigate this risk.
  4. Cost: The initial investment for the software might be a barrier for some potential users.
  5. Lack of Personal Control: Some traders might prefer having direct control over their trades rather than relying on automated systems.

Final Thoughts

TradeWizFX EA offers a compelling solution for those looking to engage in forex trading without the need for extensive knowledge or time commitment. Its automated nature and robust risk management features make it an attractive option for both beginners and experienced traders. However, like any investment tool, it is essential to understand the risks involved and ensure it aligns with your financial goals and risk tolerance.

Download TradeWizFX 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.

65.33 KB

 

By leveraging the capabilities of TradeWizFX EA, traders can potentially achieve consistent profits while minimizing the stress and time associated with manual trading. Always stay informed and cautiously optimistic, and remember to see opportunities even in challenges.

 

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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.