The Vibrix EA is a free, automated Price Action Expert Advisor designed primarily for trading Gold (XAUUSD), though testing has shown it performs well with EURUSD as well.
Vibrix EA is built around the Price Action trading strategy, which focuses on analyzing price movements to identify patterns and trends for making trading decisions. This strategy is popular among traders as it relies on real-time market data instead of lagging indicators.
The EA uses a “neuronet” to calculate Buy/Sell signals and execute the Price Action strategy. Though the “neuronet” terminology might sound like marketing, it essentially refers to the EA’s internal logic, which utilizes a combination of Moving Averages, Bollinger Bands, RSI, and MACD to generate accurate signals.
The Vibrix EA prioritizes low drawdowns and does not use high-risk methods like martingale or grid. Instead, its strategy is focused on achieving steady profits—typically between 95% and 99% per order—through careful risk management that considers account size, trade volume, and current market conditions.
Another advantage of the Vibrix EA is its ability to scale trade sizes according to prior performance, allowing traders to increase lot sizes and potential monthly profits responsibly without overexposing their accounts.
In conclusion, the Vibrix EA combines the power of Price Action strategy with advanced indicators to deliver consistent profits with minimal risk. Its careful avoidance of high-risk strategies allows it to achieve impressive results while keeping drawdowns to a minimum.
Recommendations for Vibrix EA
Minimum Account Balance: $200
Best Pairs: XAUUSD (Gold) and EURUSD, though it can be applied to any pair
Ideal Timeframes: Works best on higher timeframes like H1, though compatible with any timeframe
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Broker: Choose a broker that supports Gold trading (XAUUSD)