Revolutionizing Forex Trading with SMART MACHINE EA: A Free, Automated Forex Robot
SMART MACHINE EA, a remarkable Forex trading robot, is now available for free download. With a proven track record of almost 1000% growth over five years (verified by myfxbook results), this EA has been continuously operational since April 2018. Let's explore its standout features and understand why it stands out in the Forex trading landscape.
Algorithm Utilizing Bollinger Bands: The core of SMART MACHINE EA's algorithm relies on the Bollinger Bands indicator, a well-established tool in technical analysis. This strategic foundation, grounded in decades of market analysis, allows the robot to identify potential overbought and oversold market conditions.
Behavioral Factor Filter: Setting itself apart, this Forex robot incorporates a behavioral factor filter. Unlike systems relying solely on technical indicators, SMART MACHINE EA delves into market psychology. By evaluating market depth, it ensures that trading decisions are based on robust behavioral patterns, enhancing the probability of profitable trades.
Risk Management: SMART MACHINE EA distinguishes itself by avoiding risky money management techniques such as martingale, arbitrage, grid, and hedge. The commitment to safety is further underscored by the use of a hard stop loss and take profit for every trade position, prioritizing the protection of traders' capital.
Adaptive Trading Strategy: The EA employs a combination of martingale and other methods, contributing to its high Return on Investment (ROI). However, users are cautioned about the potential risk of account depletion and are advised to assess their deposit adequacy.
Risk Management Options: SMART MACHINE EA provides various risk management options, allowing users to protect their accounts and regulate trading risks according to their preferences and styles.
Recommendations for SMART MACHINE EA:
- Minimum account balance of $100 (cent account) or equivalent normal account.
- Optimal performance on the EURUSD pair (but adaptable to any currency pair).
- Works best on the H1 timeframe (but compatible with any timeframe).
- Recommend running this free forex EA on a VPS (Vultr)
- Low Spread ECN account is also recommended Icmarket and Exness
- Suitable for any account type, but a broker with a cent account is recommended.
The article details various input parameters, allowing users to customize the SMART MACHINE EA's strategy, risk management, and trading behavior.
SMART MACHINE EA emerges as a cutting-edge Forex trading robot, demonstrating an impressive track record and powered by advanced strategies like Volume Spread Analysis (VSA). While its martingale-inclusive approach offers a high ROI, users must exercise caution due to the associated risk. Adequate initial deposits and strategic withdrawals can mitigate this risk, and the EA's inbuilt risk management tools provide further customization for traders seeking a balanced and controlled trading experience.