In forex trading, most traders lose money because of the high expectations from the market. They see advertisements about the beach or exotic lifestyle on the Internet, and the newbies think that making money from the forex market is easy. But, the reality is the other way around. You are bound to lose if you come to the forex market only to make money. You must have a passion for trading to become successful in the forex market.
It does not matter if you use a manual strategy or any robot to profit from the market. There are so many traders out there who are using forex robots to make profits from the financial market. And we are sharing so many forex robots from time to time on our website; if you like, you can also check out another free forex EA, for example, Algorithm+ Forex EA or Avto777 Forex EA.
This forex EA was created based on the famous Fibonacci levels. We all know Fibonacci levels are the most used and proven forex strategy. This forex robot analyzes the market impulse, and after the impulse, the robot expects a correction structure with a proper Fibonacci ratio.
This forex robot measures the corrective structure with the Fibonacci ratio and takes the high probability trade. When using this forex robot, you will experience that this forex also uses martingale trading steps.
This forex robot usually takes trade for 10-15 pips. And it takes 1-2 hours at most to exit from the trade with profits. In rare cases, the trade can last 1-2 days.
When you are making profits using this forex EA, we recommend withdrawing your earnings as soon as possible. No robot or strategy is 100%, so keeping your account safe is wise.
This forex robot is created based on running in the MT4 platform. So if you have $500 in your account, you can easily use this forex robot without fear. And your initial lot size should be 0.01.
After testing, we see that this forex robot works best on the EURUSD and GBPUSD forex pair. You can also test other forex robots and see the results if you like. The 1H and 4H timeframe allow this forex robot to make consistent profits.
You need a regulated forex broker to use this forex EA. We suggest ICMarktes broker because it’s regulated and did not previously miss any withdrawals. Plus, it is a low-spared broker, which is essential for this forex robot.
With the minimum balance and lot size, you can make 15%-20% profit monthly. On the other hand, the drawdown can be 7%-8%.
Please test this forex robot on your backtest and demo account for weeks. Then, after you get accurate results with satisfaction, you can go to a real account and make profits from the market. You can download this forex robot for free from the details below.
How to use:
Step 1: Register Zero Spread Broker: https://provenbinarybot.com/ZeroSpread
Become Funded Trader 10K-200K: https://provenbinarybot.com/ftmo
Step 2: Download the EA’s file
Step 3: Install the EA to your MT4 platform
Step 4: Run the EA to your demo account first
Step 5: After testing, if profits go to the real account
Step 6: Make a Profit
** Reliable forex VPS: https://provenbinarybot.com/VPS
Recommended balance minimum $100
Initial Lot: $0.01
Time frame: 5 minutes