Men Of Wealth is an automated system developed on the basis of Price Action trading strategies for direct interaction with the market price. Once the system is connected to any financial market, it can place trading positions in the direction of the market with a high accuracy of over 90% across multiple positions.
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|Money management||At least 100 currency units|
|Recommended brokers||IC Markets , ALPARI|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 2.75 per month)|
Although different timeframes can be used for this EA, I briefly tested each one and I think that the most suitable timeframe is M30, on which the back tests presented below were carried out, I want to note that all settings were used by default except for setting the MaximumOrders, in the first two tests I set the value “1” in the last left the default “10”
This Expert Advisor will not let traders get bored, as it is almost constantly in trading positions. That is, there is a certain type of people who are just waiting for trading from the adviser as soon as possible, I think you understand what I’m talking about, and so this adviser starts trading as soon as you place it on the chart, and when a deal or a series of deals closes, it immediately almost without delay opens the next order, it can open a series of transactions up to a hundred orders, and what is most interesting, the developer has provided in the adviser the setting maximum number of orders and you yourself can set how many orders the adviser will open, that is, the adviser has the ability to trade with a grid of orders or you can set it to open only one order and until it closes, new not be opened. In general, I liked the adviser during the back test, it has simple settings that even a beginner can figure out, trades according to the canons of price action, has stop loss, take profit, each trade has position management tools, such as trailing stop loss and breakeven.
I think it is worth taking a closer look at this adviser!
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!