- August 16, 2022
- Posted by: 'Femi Olabode
- Category: Free Forex EA
10 pips forex EA Review
The 10 pips forex EA made a 952% profit in July of last year; tracking has shown this. Not everything, however, is as straightforward as it would appear. In this piece, we will investigate this advisor since it employs a lot of orders in its trading that open using the grid approach and poses a risk by itself.
| Terminal | MT4 |
| Currency pair | EURUSD, USDCHF, AUDUSD, USDJPY, metal pairs, indexes US30, US100 |
| Timeframe | M5,M15,H1 |
| Money management | At least 500 currency units for every pair |
Best Brokers List
The 10 pips forex EA works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
Day Trading Lab Ea Setting
Backtesting:
A $500 investment was utilised to test historical data over the course of eight months, and the adviser's settings were taken from the set file stored in the archive.
Conclusion
Since the EA scalps mostly 1-2 pips per trade and they typically last very short up to 1 minute, but occasionally there are long trades that last for hours, the adviser has the protection of closing losing trades when the total loss reaches a certain value. However, this does not mean that your deposit is completely safe.
I believe that the adviser is actually quite risky, and if you do not abide by certain rules, you will eventually lose your deposit. I also believe that this is the reason the developer turned off this adviser. He launched it for one month and, by some miracle, it did not drain the deposit while earning an incredible percentage of profits. The developer then turned it off to demonstrate monitoring to others and sell his creation, but presumably this is why.
From everything said above, it can be inferred that the adviser may generate good profits, but doing so requires taking certain risks and requires employing specific strategies. I have already discussed one such strategy in prior postings, but I will now reiterate it.
Divide the available funds into four equal halves, then put one-fourth of them into the account.
Keep three-quarters of your reserve cash in your personal account.
After every Friday's transactions are finished, withdraw any winnings.
Divide your total capital (reserve funds, active funds, and withdrawn money) into 4 equal halves and start over at 1/4 after each withdrawal.
Don't worry if the deposit is lost (it does happen occasionally); instead, split the remaining capital (reserve funds plus trading funds) into 4 equal portions and restart from 1/4.
You will be successful if you repeat this technique.
10 pips forex EA Free Download
We highly recommend trying the 10 pips forex EA for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
