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- Forex Robot Review
- Metatrader 4
- Experts
- SIEA Pro MT4
SIEA Pro MT4 is a Forex trading software that has been making waves in the Forex market. This article aims to provide a comprehensive review of the software, its features, and its performance based on backtest reports and real trading results. As an independent review, we invite readers to share their experiences and insights about the product.
Unique Features of SIEA Pro MT4
SIEA Pro MT4 stands out in the Forex software landscape for its unique features. It provides a balanced risk-reward ratio, which allows it to survive all market conditions, even during critical events like the Corona pandemic and Brexit. The software trades all 28 pairs based on the eight major currencies: USD, CAD, EUR, CHF, GBP, AUD, NZD, and JPY. Its unique real trading volume analysis identifies market imbalances and their intensity to spot reverse entry opportunities.
Configurations and Customizations
Users have the freedom to configure SIEA Pro MT4 to their liking. They can decide which pairs to trade and which not, and whether to keep the positions or cut them regularly. The software also comes with a built-in news filter that can be configured based on the news title. By default, it filters all central bank news events. Additionally, SIEA Pro MT4 offers dedicated parameters to filter out high spread and high swap trades.
Risk Management
One of the key strengths of SIEA Pro MT4 lies in its robust risk management. It uses a global risk management system that has survived difficult market situations in the past, such as Brexit, Corona, and even the SNB event back in 2015. This is achieved by using a single risk/drawdown limit for the entire trading system, as opposed to individual stops per trade, providing protection against any flash crash scenario. Users can also adjust these risk settings in detail according to their preferences.
Technical Requirements
To use SIEA Pro MT4, certain technical requirements must be met. The software requires the addition of specific URLs to the list of allowed URLs in the terminal properties for volume data and news module. It also requires the installation of SI Connect, a pure data handler that downloads all relevant information from the data center automatically. SIEA Pro MT4 should be run on a single chart as it is a multi-symbol EA that handles all trades out of just one chart. A Virtual Private Server (VPS) is highly recommended for optimal performance.
FAQs
For more detailed information about SIEA Pro MT4, including FAQs, backtest reports, and tips for the right DST/GMT settings, users can visit the forexroboteasy.com website. They can also subscribe to updates on the results of testing this product.
Overall, SIEA Pro MT4 is a highly customizable and robust Forex trading software that offers a unique real trading volume analysis and a strong risk management system. It’s designed to help both beginners and professional traders navigate the Forex market with ease and confidence.
We encourage users to share their experiences and insights about using SIEA Pro MT4 to help others make informed decisions about the product.
SIEA Pro MT4 Review: Unveiling Real Results & Backtest Insights
forexroboteasy.com
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Expert Review: SIEA Pro MT4 - Top Forex Trading Software
What sets this EA apart from the rest is its consistent profitability in the long run. It's not just about short-term gains, but the ability to maintain a steady growth trajectory that truly makes it a gem. Every dollar spent on this EA is an investment towards a more profitable future. It's not just a 5-star product, it's in a league of its own! The level of service provided by Daniel is the gold standard on MQL5. He doesn't just provide a product, he provides a comprehensive service that goes above and beyond. Whether it's troubleshooting issues or providing updates, Daniel is always there to assist. His commitment to his customers is a testament to his dedication and passion for what he does. As a user of the SIEA Pro MT4, I can confidently say that it has revolutionized my trading experience. It's not just a tool, it's a game-changer. It's not just an EA, it's a strategic partner that works tirelessly to ensure your trading success. If you're serious about trading, then the SIEA Pro MT4 is an absolute must-have!"
Michele dL
1 review
Unbiased SIEA Pro MT4 Forex Trading Software Review: A Game Changer?
The initial months seemed promising, albeit with significant room for improvement, particularly in terms of entries and exits. However, the real issues surfaced towards the end of March and early April 2022. The software made numerous incorrect long trades on all currencies in a deep downtrend, which were not closed, leading to the depletion of my account within weeks. The few trades that did turn a profit were opened or closed at inopportune times, often conflicting with news events that caused currencies like USD, CAD, and CHF to strengthen. This suggests that the algorithm may not be adequately filtering for significant events and preparing a strategy for potential downturns. Over the year, this EA caused my account to crash thrice. The last two months saw no trades due to an issue with the account balance, and there was no sign of loss recovery. The author's assistance on the telegram chat was minimal and unhelpful. At one point, he even blamed the Bank of Japan for the deep losses on all JPY trades, which exceeded 1,500 bps. It appears that there is no stop-loss mechanism in place. The EA seemed to be trading against the trend, and doing so poorly. I used the EA on two large accounts, both larger than the author's account, and the results were equally disappointing. Backtesting on both MT4 and MT5 consistently resulted in losses. Had I been more diligent last year, I could have avoided this situation. My advice to potential users is to steer clear of this tool. Not only has it demonstrated negative growth performance, but its statistics, including the Sharpe Ratio, Recovery Factory, Max DD, etc., are abysmal and far from what is advertised. In conclusion, I find no value in this EA, even if we were to consider this as just a bad year. I hope my experience serves as a cautionary tale for others considering this software."