JFX EA The EA trades on major currency pairs, with default settings it trades with position averaging and martingale, but this can be disabled in the settings and the EA will trade only one order, you can also set TP, SL and trailing stop for each position.
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|Currency pair||GBPUSD , EURUSD, USDJPY, USDCAD, AUDUSD, USDCHF, NZDUSD|
|Money management||At least 500 currency units for every pair|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 3 per month)|
Backtesting was carried out for the EURUSD currency pair with default settings, but there is also live trading monitoring with all currency pairs, you can find out more about everything below.
The adviser comes with an indicator of the same name, but as I understand it, it is not necessary for EA trading, because when I put the bot on the chart, it immediately started trading, without an attached indicator, perhaps this indicator for manual trading, although it would not be superfluous to put it just in case on one chart with an adviser. In general, EA has a clear set of settings with which you can experiment and choose the best and most profitable for each currency pair, for example, you can find out the average volatility of each instrument and, based on this, set the stop loss and take profit values for each currency pair and look at the results by placing adviser on a demo or cent account.
Also, as you could see above, EA has account monitoring, although there is a large maximum drawdown in the region of 70%, but the account has withstood and has been successfully operating for three months, it can also be noted that a large drawdown is caused by a small deposit, the monitoring author uses seven currency pairs on a deposit of $1000, although the recommended deposit should be at least $500 for each currency pair, i.e. a minimum of $3500 is required to work on seven pairs.
Before using the adviser on a real account, I recommend checking and understanding how it trades on a demo account, and preferably on a cent account, after that you can already draw more accurate conclusions about what to do next with it.
THIS ADVISOR WORKS AND HAS BEEN TESTED WITH BUILDING 1370!
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!