The Low Risk EA is a free, automated trading tool designed for quick trading, particularly on XAUUSD (Gold), with strong performance on EURUSD as well. This EA uses a proprietary indicator based on a unique strategy from its developer, offering a custom approach distinct from standard market indicators.
Key Features
Flexible Lot Sizing: Can trade with either a fixed or automated lot size, adjusting to meet specified criteria.
Non-Martingale Approach: Avoids risky methods like martingale and grid trading.
Trading Frequency: Executes 4-10 trades daily on Gold and 1-2 trades on EURUSD. It opens only one trade at a time, with each trade lasting less than a minute.
Risk Control: Uses a tight stop loss for protection and a slight trailing stop for take profit, ensuring low drawdown.
Recommendations for Low Risk EA
Minimum Account Balance: $300 for Gold, $100 for other pairs.
Optimal Currency Pairs: XAUUSD (Gold) and EURUSD (works on any pair).
Best Time Frame: M1, though compatible with any timeframe.
Execution Sensitivity: Performs best with low slippage, minimal spread, and quick execution.
VPS Setup: For stable results, keep the EA running continuously with a low-latency VPS.
Recommend running this free forex EA on a VPS (Vultr)Low Spread ECN account is also recommended Icmarket and Exness