The SMART MACHINE EA is a fully automated Forex Expert Advisor (EA) that has demonstrated impressive performance over five years of live trading. With verified results showing nearly 1000% growth on a live account (as verified by myfxbook), this EA offers traders a unique combination of high ROI and advanced risk management features. It is also free to download, making it an accessible choice for traders at all levels.
Key Features of SMART MACHINE EA
Volume Spread Analysis (VSA) for Entry Signals
The EA identifies entry opportunities using Volume Spread Analysis (VSA). It opens the first trade when it detects favorable conditions based on VSA signals.
Profit Exit Algorithm with Adaptive Strategies
If the first trade is closed at a profit, the EA immediately initiates a new trade. If the market moves against the open position, the EA activates its profit exit algorithm. This includes: 
- Averaging Trades: Adding additional positions to reduce the breakeven point.
- Martingale Method: Increasing trade sizes to recover losses (this can be disabled via input settings).
High ROI Potential
The EA employs strategies like martingale to deliver high Return on Investment (ROI). However, this approach comes with inherent risks, including the possibility of account depletion if not managed carefully.
Risk Management Options
SMART MACHINE EA includes customizable risk management tools, enabling traders to adjust trading parameters to suit their preferences and protect their accounts from excessive drawdowns.
Risk Considerations
Due to the use of martingale, the EA carries a significant risk of account blowouts, especially during extended market trends against open positions. However, the developer suggests mitigating this risk by:
- Periodic Withdrawals: Regularly withdrawing profits to reduce exposure and safeguard initial investments.
- Long-Term Profitability: Once the initial investment is recouped, the strategy becomes break-even and highly profitable.
Recommendations for SMART MACHINE EA
Minimum Deposit:
- A $100 cent account (or equivalent standard account) is recommended.
Currency Pairs:
- Optimized for EURUSD, but it can be used on other currency pairs.
Timeframes:
- Works best on the M5 timeframe but can adapt to other timeframes.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
