Decoding Choppa EA: A Comprehensive Analysis

Decoding Choppa EA: A Comprehensive Analysis

Choppa EA, a freely available Expert Advisor, enters the realm of automated trading with a bold promise: transforming unprofitable traders into profitable ones through real-time market scanning and automated trading. The developer claims that in a market where 99% of manual traders fail, Choppa EA offers a pathway to profitability. This article scrutinizes the system, its targeted trading pairs, and its performance based on independent tests to determine if its bold promises withstand scrutiny.

According to the developer, Choppa EA is a user-friendly automated trading robot designed to provide an advantage in a market where manual trading has a high failure rate. The assertion is that automation through Choppa EA is the key to achieving profitability. Despite the confident claims, a notable concern is the lack of transparent information on the operational mechanism of the EA. The absence of detailed explanations or documentation, coupled with profit screenshots and videos of questionable authenticity, raises questions about the system's credibility.

To address this gap in information, independent tests have been conducted to unveil the functionalities of FXSNIPER24 EA. Based on these tests, it appears that the EA utilizes a combination of RSI (Relative Strength Index) and other price action indicators to inform its trades. The primary focus seems to be on indices like US30 and US100, although there is evidence suggesting involvement in currency pairs such as GBPUSD, EURUSD, and commodities like XAUUSD.

An encouraging aspect is that Choppa EA avoids risky trading strategies like martingale and grid systems. In terms of trading frequency, when set to the recommended M5 time frame, the EA reportedly opens around 8-12 trades per day. Each transaction is safeguarded by predefined stop loss and take profit levels, adding a layer of risk management.

Recommendations for Choppa EA:

1. Minimum account balance of $100.
2. Primarily focuses on trading indices such as US30 (DOW30/DJI) and US100 (USTECH), with occasional involvement in currency pairs and commodities.
3. Trade amount varies based on the time frame, with higher amounts for lower time frames.
4. The EA should run continuously on VPS for stable results.
5. Low Spread ECN account is recommended.

• Recommend running this free forex EA on a VPS (Vultr)
• Low Spread ECN account is also recommended Icmarket and Exness

While the promise of turning losing traders into winners is enticing, caution is advised when dealing with automated trading systems like FXSNIPER24 EA, especially those veiled in secrecy. Prospective users are encouraged to deploy Choppa EA on a demo account initially, closely monitor its performance, and transition to a live account only when convinced of its capabilities.

Download

https://drive.google.com/file/d/1kKdwIAu9hSCXhodAbIyPm10FsyLmaEkB/view?usp=sharing