GerFX EA Protection Filter MT5

In the world of Forex Trading, the GerFX EA Protection Filter has gained traction for its efficient news filter and stock market crash filter specifically designed for the MT5 Platform. This tool is used as an additional protective layer for other Expert Advisors (EAs) that lack such filtering capabilities. Here’s a review of its features, functionalities, and results.

A Protective Layer for Forex Trading Strategies

The GerFX EA Protection Filter serves as a shield for EAs, especially useful for scalpers who wish to steer clear from fast markets. During backtesting of night scalpers already using a stock market crash filter, it was observed that the historic drawdown during stock market crash phases such as 2007-2008 was significantly reduced by deploying such a filter. However, it’s important to note that this type of filter may not prove beneficial for impulse or price action strategies. Also, there’s no absolute guarantee that using this filter would yield more profits compared to normal trading.

How the GerFX EA Protection Filter Works?

For safety reasons, in the MT4 platform, an EA is not allowed to modify other EAs. Nonetheless, the GerFX EA Protection Filter has a workaround. It closes and re-opens charts, a method that can be used to turn on and off other EAs. Furthermore, it can close existing open positions or pending orders based on the given magic numbers or comments provided as input.

Key Points to Note

While the GerFX EA Protection Filter is a promising tool, it is essential to consider certain factors. Chart open/close operations can fail due to internal errors, particularly if the CPU is not strong enough or there is high CPU demand. Thus, there is no guarantee that the solution would work continually. It is highly recommended to test the filter on a demo account first. Also, users should open an M1 chart for the stock market symbol, for example, US500, before starting the filter in order to load the historic data.

Before making use of this protection filter, it is advised to arrange all charts and EAs that one intends to use in combination with this filter. Saving the profile in case of any issues is also recommended. Furthermore, this EA should be attached to a new chart of any symbol after all other EAs are loaded. Before closing the MT4 or removing the EA, the user should press the button on the chart “Turn filter OFF (opens all charts)” to re-open all charts. Otherwise, it will not remember closed charts.

Lastly, it’s important to note that not all EAs might be compatible with this filter. Users should ensure that the EAs are comfortable with being removed and initialized multiple times a day.

Parameters of GerFX EA Protection Filter

The GerFX EA Protection Filter has specific parameters that allow users to customize their usage. The parameters includeTimeFrames and others which are detailed in the product documentation. These parameters allow you to fine-tune the operation of the EA to better suit your trading strategies and market conditions.

Independent Testing and Reviews

For an unbiased understanding of the GerFX EA Protection Filter, independent testing of this product is available on the Forex Robot Easy website. Users can also subscribe to updates on the results of testing this product, which can provide valuable insights into the real-world performance of this Forex software.

FAQ Section

Is the GerFX EA Protection Filter compatible with all EAs?
While the GerFX EA Protection Filter is designed to work with a wide range of EAs, its compatibility with a specific EA can depend on the EA’s design and functionality. It is recommended to check with the EA developer if the EA can handle being removed and initialized several times a day.

Can I test the GerFX EA Protection Filter before making a purchase?
Yes, you are encouraged to test the filter on a demo account before making a purchase to ensure that it fits your Forex trading strategies and requirements.

Where can I find more information about the parameters of the GerFX EA Protection Filter?
Detailed information about the parameters of the GerFX EA Protection Filter can be found in the product documentation.

We welcome readers to share their experience of using this product in the comments section. This independent product review is written in a neutral tone without any affiliations. Please share your thoughts, experiences, and queries regarding the GerFX EA Protection Filter MT5.