Discovery EA

When it comes to Forex Trading, finding an efficient, automated solution that offers advanced features is crucial. Discovery EA, a fully automated Expert Advisor, is designed to cater to these needs and more. This software works seamlessly on all Forex pairs, offering a user-friendly experience as well as an opportunity for advanced trading.

Understanding Discovery EA’s Trading Mechanism

Discovery EA is built on the channel system. Unique to its design, it utilizes the channel twice to generate a trading signal. The first channel employs a higher timeframe to establish the direction of the trade, either Buy or Sell. This is akin to setting a trend direction. The second channel, on the other hand, uses a lower timeframe to generate the signal to initiate the trade. The trade commences only when both the higher and lower timeframe signals are in alignment.

One Solution, Multiple Forex Pairs

At times, due to the stringent requirements to start a trade, there might be periods without a trade initiation. To offset this, Discovery EA can be used across multiple currency pairs simultaneously. However, users are advised not to apply it to every currency pair and instead choose wisely. This feature ensures that the Forex software is constantly at work, maximising potential profits.

Customisable and Flexible Trading Options

Discovery EA is highly customisable, allowing users to try their own settings. It comes with set files for those who prefer to start trading right away. The trading options are flexible, offering either a single trade or a grid, with or without a lot multiplier. This adaptability makes Discovery EA suitable for both beginners and experienced traders.

Security Measures for Safer Trading

Security is paramount in Forex Trading, and Discovery EA has incorporated measures to ensure safer trading. The EA will close all positions on each currency pair when it reaches a certain level of loss. This level can be adjusted in the EA. There is a time setting for how long the lower timeframe has to generate a signal before the higher timeframe becomes invalid, after which the EA starts searching for a new trade. These measures minimise potential losses and maximise efficiency.

Testing the Discovery EA

To gauge the true potential of Discovery EA, it is recommended to test each currency pair individually and then combine these results. Independent testing of this product can be viewed on the forexroboteasy.com website, where users can also subscribe for updates on the results of testing this product.

Frequently Asked Questions

What are the unique features of Discovery EA?

Discovery EA uses a two-channel system for generating trade signals. It is fully automated, works on all Forex pairs, and has flexible trading options. It also has built-in security measures for safer trading.

How can I test Discovery EA?

You can test Discovery EA by applying it to individual currency pairs and then combining these results. You can also view independent testing on the forexroboteasy.com website.

How can I customize Discovery EA settings?

Discovery EA is fully customizable. You can change the settings according to your trading preferences and strategies, or use the provided set files to start trading immediately.

We invite users to share their experiences using Discovery EA, thereby helping to provide a richer, more comprehensive overview of the software’s performance. Please note that this is an independent product review and is not affiliated with the product’s developers.