Simple Sterling

In the volatile landscape of forex trading, the Simple Sterling stands tall as a no-frills, efficient Expert Advisor (EA). It cuts through the complexities that often baffle traders, bringing proven strategies from years past to the forefront. While the world is enamored with AI-driven strategies, Simple Sterling takes a step back, focusing on the basics that have withstood the test of time.

Key Features

Simple Sterling is equipped with a custom trend indicator that identifies trends and predicts reversals, a momentum indicator, and a filter. It also takes into account candlestick patterns and gauges the prevailing market sentiment. Despite the current infatuation with intricate systems, Simple Sterling defies convention. It proves that simplicity can be a formidable weapon in the dynamic forex market.

Trading Strategy

The EA’s strategy is straightforward: it uses GBPUSD as a reference to determine Sterling’s current value and trades pairs such as GBPUSD, GBPCAD, GBPCHF, GBPAUD, GBPJPY, and GBPNZD. All a trader needs to do is attach it to a GBPUSD H1 chart. Working on the H1 timeframe, it spots trends and capitalizes on intraday to medium-term movements, providing an edge in the ever-moving forex market.

Functional Simplicity

This EA is a breath of fresh air in a world of over-complicated algorithms, with a minimal inputs list, making it the perfect choice for traders who prefer simplicity and reliability in the unpredictable forex market.

Frequently Asked Questions (FAQs)

Minimum Starting Balance: You should ideally start with no less than $500.

Account Type: You can use either a standard account type or ECN.

Trading Frequency: The EA trades only if the market conditions are met and uses a proper money management system to safeguard your capital.

Risk Strategies: It does not use any risky strategies. If you occasionally see 2 x GBPUSD short trades, it’s because this EA sticks to a simple rule: “fish where the fish are.”

Broker Suffix: If your broker uses a suffix (or prefix), you only need to input the suffix in the EA’s settings.

Multicurrency Trading: No need to run it on all 6 charts. Just attach it to 1 x GBPUSD H1 chart, and it will also trade all the other symbols from the list.

There are a few adjustable settings, and while results may vary from broker to broker, they generally align pretty well. If your back-testing results are not as expected, it is recommended to reach out for further assistance.

You can view independent testing of this product on the forexroboteasy.com website and subscribe for updates on the results of testing this product. We invite you to share your experience of using this product in the comments below. Please remember, this is an independent product review and the text is written in the third person.