The MFT Trading Robot is a fully automated MT4 trading solution that is free to download and recognized as one of the top trading robots in South Africa. According to the developer, it offers an impressive average return of 200% for its users. With open input parameters, you can easily customize and optimize the robot to suit your trading style.
Key Features of the MFT Trading Robot
Withdrawal Strategy: While the risk of blowing an account exists with this strategy, implementing periodic withdrawals can enhance the probability of breaking even. Once the initial investment is withdrawn, the martingale strategy can become both break-even and potentially profitable.
Trading Strategy: The robot utilizes a combination of hedging and martingale methods, allowing for a high return on investment (ROI) while maintaining relatively good stability. However, this approach can involve a degree of risk.
Profitability: Monthly profits will vary based on your chosen lot size and risk settings.
Recommendations for Using MFT Trading Robot MT4
Account Balance: Although the developer does not specify a recommended minimum balance, testing indicates that the EA may not perform optimally with account balances between $100 and $500. It is advisable to start with a minimum account balance of $1,000 or an equivalent cent account.
Preferred Currency Pairs: The robot works best with major currency pairs but is adaptable to any currency pair.
Optimal Time Frames: It performs well on M15 and H1 time frames, although it can be used across any time frame.
VPS Requirement: For consistent and stable results, the MFT Trading Robot should be run on a VPS to ensure uninterrupted 24/7 trading. A reliable VPS provider is highly recommended.
Recommend running this free forex EA on a VPS (Vultr)Low Spread ECN account is also recommended Icmarket and Exness