- November 14, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
AI FXMachine EA Review
In the ever-evolving landscape of forex trading, the quest for a reliable and profitable automated system has been a challenging journey. The AI FXMachine EA emerges as a beacon of hope, utilizing a simple yet potent strategy that sets it apart from the numerous automated systems that often fall victim to the dynamic nature of the market.
The Pitfalls of Traditional Automated Systems
Many traders have experienced disappointment with automated systems that promise stellar results but fail to deliver in the long run. The AI FXMachine EA team undertook extensive testing and optimization of commonly used strategies, only to discover that most robots eventually face losses when left to trade for an extended period. The financial investment in these robots adds to the frustration, making it imperative to find a solution that bucks this trend.
Best Brokers List
AI FXMachine EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
The Inspiration: Caleb, the Forex Nasdaq Billionaire CEO
In the pursuit of an effective trading strategy, the AI FXMachine EA team turned to Caleb, the CEO of Forex Nasdaq Billionaire, renowned for his exceptional trading skills. Through careful observation, the team identified key elements that contribute to Caleb's success:
- Discipline: Caleb trades at specific times and under specific conditions.
- Break Even: He minimizes risk by breaking even once in reasonable profits.
- Profit Lock: Caleb secures profits as soon as they materialize.
- Quick Loss-Cutting: He avoids holding losing trades for an extended period.
- Daily Targets: Caleb exits trades upon reaching predetermined targets.
- Risk Management: While embracing risk, Caleb keeps it within manageable limits, leveraging market volatility for substantial gains.
Understanding the AI FXMachine EA Strategy
The AI FXMachine EA operates based on the principles observed in Caleb's trading style. Here's a breakdown of how it works:
Timing is Crucial
The EA is most effective when employed at specific times when a trading pair or instrument experiences significant movements. For instance, the Us100 tends to move swiftly at 15:30 UTC+2. During this time, the robot can be programmed to capture the market's most substantial moves.
Candle Closing Time Strategy
The EA utilizes the one-minute candle closing time just before the desired trading time (e.g., 15:29) to measure pips in both directions. It strategically sets sell stops and buy stops, placing take profit based on the predetermined reward ratio.
Risk Management with Break-Even
Traders can set a break-even stop loss at a specified pip value to protect profits. For instance, if the market is in a 10-pip profit, the stop loss can be set to break even, preventing losses if the market reverses.
Trading Instruments and Times
The AI FXMachine EA is designed to work seamlessly with various trading instruments and times, including:
- USTECH / NASDAQ / US 100
- US 30 / DOW JONES / WALLSTREET 30
- All currency pairs with USD
- US-based stocks (e.g., GOOGL)
- Commodities and metals tied to the USD (e.g., GoldUSD, USOIL)
Traders are advised to adjust settings according to their broker's timezone for optimal results.
In conclusion
The AI FXMachine EA represents a paradigm shift in the world of forex trading, offering a strategy inspired by the success of a seasoned trader. By combining discipline, risk management, and strategic timing, this EA aims to redefine the automated trading experience, providing traders with a tool that stands resilient against the challenges of the dynamic market.
Download AI FXMachine 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.
