The Market Reversal EA is an automated trading advisor designed specifically for trading the EURUSD currency pair. By identifying reversal points in overbought and oversold zones, this EA seeks to capitalize on market turning points. With 16 distinct strategies and a range of customizable parameters, it allows traders to adapt the system to various brokers and trading environments.
Key Features of Market Reversal EA
- Diverse Strategies
The EA incorporates 16 unique strategies, each with adjustable input parameters. This flexibility enables traders to fine-tune the system to match their trading preferences and the specific conditions of their broker. - Customizable Order Closure Options
- Profitable Orders: By default, the EA closes profitable trades using a Trailing Stop to secure gains as the market moves in the trader’s favor. Alternatively, traders can opt to use a fixed Take Profit setting.
- Unprofitable Orders: For losing trades, the EA offers two options:
- A Stop Loss mechanism to limit losses.
- A Recovery Function, which uses an intelligent algorithm to open one or two additional averaging orders. This approach aims to recover losses by leveraging favorable market conditions. Traders can customize the multipliers and conditions for these recovery orders in the input settings.
- Sophisticated Risk Management
The EA employs a calculated approach to managing unprofitable positions. When a trend reversal signal is detected:- The first recovery order uses a lot multiplier of 2 by default.
- If needed, a second recovery order is opened with a multiplier of 1.
These settings are fully adjustable, giving traders control over their risk management strategy.
Recommendations for Using Market Reversal EA
Minimum Account Balance: Start with at least $100 for optimal performance.
Currency Pair: While designed for EURUSD, the EA can adapt to other currency pairs if desired. 
Timeframe: The EA is most effective on H1 timeframes but can operate on other timeframes as well.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
