- September 4, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Review of Jaguar Strike EA: A Forex Trading Tool
In the busy world of forex trading, automated systems (EAs) are now super important tools for traders who want to be efficient, accurate, and manage lots of trades at once. One tool that's catching people's attention is the Jaguar Strike EA. This expert advisor aims to shake up your trading game with smart features that boost performance while keeping risks low. In this article, we’ll give a detailed review of Jaguar Strike EA, going over its main features, pros, cons, and how good it is to use.
Main Features of Jaguar Strike EA
1. Finding Breakout Levels in Price Patterns
Jaguar Strike EA is designed to find breakout levels in price patterns, which is a big deal for making profits. Breakouts usually show the start of a new trend, and catching these moves can make you some solid money.
2. Handles High Ping Environments
Trading forex needs quick decisions, and a high ping can mess things up. Jaguar Strike EA is built to handle these situations, making sure trades are done fast without any delay issues.
3. Smart Hedging (Set B)
One of the best things about Jaguar Strike EA is its smart hedging. This feature helps you manage risks by balancing potential losses with gains, especially when markets get wild. Set B is one of the settings that uses this strategy a lot.
4. Pending Orders to Lower Slippage
Slippage, where the trade price ends up different from what you expected, can really hurt your profits. Jaguar Strike EA deals with this by using pending orders, making sure trades are made at the right prices.
5. No Dangerous Strategies (like Grid or Martingale)
Jaguar Strike EA doesn’t use risky strategies like grid trading or Martingale, which can cause big losses in tough markets. Instead, it sticks to more steady, safe strategies.
6. Strict Stoploss on Every Order
To protect your money, Jaguar Strike EA has a strict stoploss on every order. This helps keep losses small and your money safe.
7. Long-Term Testing with 99.9% Modality
Jaguar Strike EA has been tested a lot with a 99.9% modality, showing its effectiveness over time. This serious testing means the EA is reliable in different market conditions.
8. No Overfitting
Many EAs suffer from overfitting, where they’re too tuned to past data and don’t do well in real-time trading. Jaguar Strike EA avoids this problem, meaning it works well not just in tests, but also in live trading.
Technical Specifications
Version: 3.0
Year of issue: 2024
Working pairs: USDJPY,
Recommended timeframe: ***
Minimum Deposit: $500
Average of account: 1:30 To 1:500
Best Brokers List
Jaguar Strike EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Jaguar Strike EA Settings
Recommended Settings
Jaguar Strike EA has three suggested settings, each for different trading methods:
Set A
- Currency Pair: USDJPY (Main)
- Timeframe: M30
- Settings: Message the developer for set files.
- Lot Size per 0.01 Lot:
- Low risk: 350
- Moderate risk: 250
- High risk: 150
Set B
- Currency Pair: USDJPY
- Timeframe: H1 and H4
- Settings: Message the developer for set files.
- Lot Size per 0.01 Lot:
- Low risk: 550
- Moderate risk: 400
- High risk: 250
Set C
- Currency Pair: USDJPY
- Timeframe: H1 and H4
- Settings: Get the set files from Comment #62.
- Lot Size per 0.01 Lot: 50
What You Need to Use Jaguar Strike EA
1. Hedging Account
You need a hedging account to use the hedging feature of Jaguar Strike EA, especially with Set B.
2. Low Spread ECN Broker
To get the most out of this EA, it's best to use a low spread ECN broker. High spreads can cut into your profits, making it harder for the EA to do its job right.
3. Currency Base: No Limits
Jaguar Strike EA works with any currency base, which makes it flexible for traders using different currency pairs.
4. Autolot Calculation Based on USD
The EA uses autolot calculation based on USD, adjusting the lot size according to your account balance to better manage risk.
5. Minimum Suggested Deposit
The minimum deposit depends on how much risk you want to take. It’s a good idea to start with a demo account to get used to the EA before putting in real money.
Jaguar Strike EA Results
Pros of Jaguar Strike EA
1. Great Risk Management
With smart hedging, strict stoploss, and avoiding risky strategies, Jaguar Strike EA is awesome at managing risk and keeping your money safe from big losses.
2. Flexible Trading
The EA works with different currency pairs and timeframes, letting traders tweak their strategies to fit their style and what’s happening in the market.
3. Easy Setup
Setting up Jaguar Strike EA is simple. Clear instructions, along with set files you can download, make it easy even for newer traders.
4. Proven Reliability
The EA’s long-term testing with 99.9% modality gives confidence in its performance, making it a trustworthy tool for different market situations.
5. Avoids Overfitting
By avoiding overfitting, EA makes sure it works well in both backtests and live trading, giving more steady results.
Cons of Jaguar Strike EA
1. Needs Specific Account Types
You need a hedging account and a low spread ECN broker, which might not be available to all traders, especially those with brokers that don’t offer these options.
2. Depends on USD Base
The autolot calculation based on USD is handy, but if your account is in a different currency, it might need extra tweaking, which can complicate things.
3. Limited Info on Set Files
While the EA gives recommended settings, you have to request specific set files, which can be annoying for traders who want all the details upfront.
4. High Minimum Deposit for High Risk
For those who are okay with higher risks, the minimum suggested deposit might be a lot, possibly limiting its use for traders with smaller accounts.
Conclusion
Jaguar Strike EA is a strong tool in forex trading, offering a mix of smart features, solid risk management, and proven reliability. But, it does have some downsides, like needing specific accounts and depending on USD for best results. While it’s not perfect, for traders who meet the needs and understand how it works, EA can give you a real advantage in the tough world of forex trading.
Download Jaguar Strike 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.