Corrective Trend EA is an automated trading bot that stands out for its unique focus on capturing corrective movements within ongoing trends. Designed with a focus on trend strength and trading volumes, this EA aims to offer a more stable, lower-risk approach to Forex trading. Below, we explore the core features and functionality of Corrective Trend EA, along with clarifications on its claims.
Core Features of Corrective Trend EA
Corrective Trend EA’s strategy revolves around detecting and capitalizing on corrective trends. Using a proprietary formula, it determines precise entry and exit points without relying on high-risk methods. Key features include:
- No Martingale Strategy: This EA avoids the high-risk martingale strategy, which can quickly lead to large losses by doubling positions after a loss.
- Consideration of Commissions and Swaps: The EA factors in trading commissions and swaps, helping to protect profits by accounting for these trading costs.
- Non-Scalping Strategy: Rather than aiming for small, rapid trades like a scalping EA, Corrective Trend EA focuses on broader trend corrections.
- Spread Tolerance: It is not hindered by spread size, allowing it to function well across a range of market conditions.
- Sensitivity to Economic News: Although initially claimed to be news-insensitive, this point requires further consideration (see below).
User-Friendly Trading Panel
Corrective Trend EA includes a trading panel that displays active currency pairs and their trading performance. This interactive panel allows users to manage trades more effectively: 
- Profit and Drawdown Management: Users can double-click on the profit or drawdown figures for any pair to close all trades for that specific pair.
- Manual Pair Disconnection: Users can disconnect a currency pair from the EA’s trading operations by changing its display color, giving them direct control over each pair’s activity.
Misleading Claims Clarified
While Corrective Trend EA offers an innovative approach, a few points in its marketing require clarification:
- Use of a Grid Strategy: While Corrective Trend EA avoids martingale, it does employ a grid strategy, which can still lead to higher drawdowns if the market moves against the trades.
- Sensitivity to Economic News: Contrary to claims, the EA does not have a built-in news filter. Without this filter, economic news events can impact trading results significantly, either favorably or unfavorably.
Recommendations for Using Corrective Trend EA
To optimize performance, follow these guidelines:
- Minimum Account Balance: Start with at least $500 for trading one currency pair.
- Recommended Pairs: Corrective Trend EA works especially well with AUDCAD, GBPCAD, EURGBP, AUDNZD, and EURUSD pairs, though it can operate on other pairs too.
- Time Frame: Designed for the H1 time frame, but adaptable to others. Note that lower timeframes increase trade frequency, while higher timeframes reduce it.
- Recommend running this free forex EA on a VPS (Vultr)
- Low Spread ECN account is also recommended Icmarket and Exness
