The Saviour Robot sets itself apart from other MT4 Expert Advisors with its distinctive trading system. By utilizing three key indicators—Price Channel, Pivot, and Price Action—it conducts a comprehensive and multi-faceted analysis of the market.
Potential Returns and Risks
While the Saviour V8 boasts the potential for impressive returns, it employs a grid trading strategy that can introduce significant risk. This method involves opening multiple trades simultaneously to cover potential losses. Although this approach can turn losing trades into profitable ones, it also poses the risk of substantial drawdowns, creating a delicate balance between risk and reward.
The grid method is not without merit; when applied judiciously, it can effectively manage losses. However, traders must be prepared for the potential risks associated with this strategy, including larger drawdowns and the possibility of account blowouts. 
Investment Recommendations
The developers of the Saviour EA recommend a minimum deposit of $100. While this may appear to be a low entry point, it may be insufficient to cushion against the risks tied to grid trading. A higher initial investment—around $1,000 or a $100 cent account—could offer a safer buffer against potential drawdowns, enabling the grid method to function more effectively and providing traders with greater flexibility in managing losses.
For those willing to embrace risk for the chance of higher returns, starting with $100 could be feasible. The Saviour Robot has demonstrated the capability to double a $100 deposit in just 2-3 weeks. However, this aggressive trading style carries the risk of depleting the account. If you choose to start with $100, a prudent strategy would be to withdraw the initial deposit after achieving a double return, allowing you to run the EA without risking your principal.
Recommendations for Using Saviour Robot
Minimum Account Balance:
- Risky Method: Start with a $100 account and withdraw the initial deposit after doubling it. Be aware of the inherent risks of this approach, as it may double your account in 2-3 weeks but also carries a risk of loss.
- Safe Method: Consider using a $1,000 account or a $100 cent account for a more conservative strategy.
Optimal Trading Pairs: The Saviour Robot performs best with EURUSD, USDJPY, AUDUSD, USDCHF, EURCHF, AUDCAD, and NZDUSD, but it can work on any pair.
Timeframes: This EA operates effectively across various timeframes.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Broker Recommendations: The EA is not sensitive to spread and slippage, but using a reputable ECN broker is advised (find the perfect broker for you).
