Traders do not need your capital to trade forex online in recent years. You can make money from the forex market with proper skill because there are so many prop firms where you can get funded by trading forex. However, you must prove that you can profit from the forex market. Most of the prop firms also accept EA trading.
There are so many forex EA you can download online. You need to test the EA to your account and check the drawdown; You know drawdown is one of the crucial factors for prop trading. On the other hand, if you have some capital on your own, you can test and use a forex robot without any hesitation. We shared so many forex robots here; if you like, you can also check Boom Forex EA or Revolution Forex EA.
This forex EA is created based on the high operating frequency. Therefore, it usually gives a high-profit ratio in the forex market.
It usually tests the market condition is a different perspective and takes only high probability trades.
When you use this forex robot in your account, you will see that this forex robot scalps mostly 1-2 pips per trade. And the trade duration is generally 1-2 minutes. So, we can say that it’s a much more secure forex robot in the EA market. However, sometimes this forex robot takes more than 1 hour to trade.
When we are using this forex robot, we see that a grid trading strategy is used, which makes this forex robot bit risky. However, it would be best if you withdrew your profits as soon as possible so that you can run this forex robot risk-free.
Like most forex robots, this forex EA was also created based on the MT4 platform. You can download MT4 to any forex broker platform. Major currency pairs like EURUSD, GBPUSD, AUDUSD, USDCHF, USDJPY, and USDCAD work best for this forex expert advisor.
After testing, we also experienced that the 5M and 1H timeframe works best for this forex robot. You can run this forex robot to your account if you have a $100 to $1000 account in your balance.
To run any forex robot, you need to have VPS to run any forex robot all the time. It is because there are so many forex VPS you can find online.
Apart from that, a forex broker is also vital for trading. You have to choose any actual ECN low-spread broker for any scalping robot. ICMarkets is the best choice which is also an internationally regulated broker.
You know the profitability depends on your account balance and lot size. However, we see if you use a 0.01 lot size, you can increase your account by 10%-20% every month. And you will experience minimal drawdown for this forex robot.
You need to test this forex EA to find out the actual performance. If satisfied with the EA performance, you can run this forex robot to your main account. And the good news is that you can download this forex robot for free.
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 Profit
** Reliable forex VPS: https://provenbinarybot.com/VPS
Recommended balance minimum $100
Initial Lot: $0.01
Time frame: 5 minutes
Please watch this trading video after download