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- Forex Robot Review
- Metatrader 5
- Experts
- Prop Firm Edge mt5
Profit:
-6.01$
Traders:
44
(29/15)
Most Profit Trade:
19.16$
Most Loss Trade:
-21.73$
Profit Factor:
0.4
Average Loss:
-9.72$
Overview
The Prop Firm Edge MT5 Advisor is a specialized tool designed to assist traders in successfully navigating Prop Firm challenges and ongoing trading activities. It has been purposely built to operate within the established drawdown limits, ensuring it adheres to all trading rules. This makes it a suitable choice for any account aimed at daily trading.
Trading with High Volatility
The unique feature of Prop Firm Edge MT5 Advisor is its proficiency in leveraging high volatility ensuing news releases. It uses the RSI (Relative Strength Index) Indicator, a critical tool in currency trading, to enter a position. The RSI is a momentum oscillator that measures the speed and change of price movements, helping traders to identify potential buy or sell opportunities.
Trading with News Releases
Engaging with the Forex market requires staying up-to-date with global news, as significant economic events can cause substantial market fluctuations. The Prop Firm Edge MT5 Advisor is designed to use news output for trading, connecting to specific news websites to gather real-time data. This feature, however, makes it untestable in the strategy tester, as it requires live information.
Account Settings and Trading Strategies
Traders have the freedom to customize various settings in the Prop Firm Edge MT5 Advisor. For instance, the advisor allows traders to open new series of orders, determine the start lot, and decide whether to allow the advisor to buy or sell. It also offers the option to use automatic lot calculation, termed as ‘Money Management’. This feature calculates the free margin needed for opening every 0.01 lots. Furthermore, the advisor allows users to set the Take Profit (TP) and Stop Loss (SL) in pips, essential components in any Forex trading strategies.
Drawdown Reduction Algorithm
One of the most prominent features of the Prop Firm Edge MT5 is the Drawdown Reduction Algorithm. It activates when the last order with profit is closed first in the series with loss. Users can determine from which order they want this algorithm to activate and set the percentage of profit when closing orders in the drawdown reduction mode.
FAQ Section
What is the maximum lot that the advisor can handle?
The Prop Firm Edge MT5 Advisor allows users to set a maximum lot, providing greater control over the trading process.
Can the advisor handle both buying and selling?
Yes, the advisor is equipped to handle both buying and selling. It can even trade in both directions simultaneously if the hedge type account is activated.
How does the advisor handle high volatility?
The advisor uses high volatility after news releases to enter a position. It uses the RSI Indicator to identify potential trading opportunities during these high volatility periods.
Independent testing of the Prop Firm Edge MT5 Advisor can be viewed on the forexroboteasy.com website. Users can also subscribe to receive updates on the testing results of this product. We invite readers to share their experiences of using this product, contributing to a more comprehensive understanding of its functionality and effectiveness. Please note that this is an independent product review and does not endorse any specific product or service.
EASY Scalperology Bot
Update: 8 Nov 2024
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
-0.51%
AVG Daily:
0$
Deposit:
1400$
WithDrawal:
0$
Current Balance:
1392.85$
Profit:
-7.15$
Trading Conditions by Prop Firm Edge mt5
Leverage:
100
Account type:
Live
Profitable by Prop Firm Edge mt5
Profit:
-0.37%
AVG Daily:
0$
Deposit:
1610$
WithDrawal:
0$
Current Balance:
1603.99$
Profit:
-6.01$
Other products
Prop Firm Edge MT5 Review: Mastering Forex Trading with RSI
forexroboteasy.com
Write review
Elchin2007
1 review
Unbiased Review: Prop Firm Edge MT5 for Successful Forex Trading
From the moment I started using Prop Firm Edge mt5, I noticed a significant improvement in my trading performance. The software's user-friendly interface, combined with its advanced features, makes it a powerful tool for any trader. It's not just about the convenience it offers, but also the accuracy and speed at which it operates. What sets Prop Firm Edge mt5 apart is its ability to provide real-time data and analytics. This feature has been instrumental in helping me make informed decisions, reducing the risk factor, and increasing profitability. The software also offers a range of customizable options, allowing me to tailor it to my specific trading style and needs. Moreover, the customer support provided by the Prop Firm Edge team is second to none. They are always available to assist with any queries or issues, ensuring a smooth and hassle-free experience. In conclusion, Prop Firm Edge mt5 is more than just a software; it's a comprehensive trading solution. It's a significant step forward in professional trading, and I can't stress enough how much it has enhanced my trading experience. If you're looking for a reliable, efficient, and advanced forex trading software, I highly recommend giving Prop Firm Edge mt5 a try. You won't be disappointed!"