EA Pivot SR mt5

The EA Pivot SR MT5 is a fully automatic Expert Advisor (EA) for the MT5 platform designed for the currency market. It stands out for its precise trading results, making it a reliable forex tool for traders. The EA leverages the power of trading from levels, focusing on support and resistance levels, a more effective strategy compared to relying on indicators that are known to lag behind.

Trading Strategy

The EA Pivot SR MT5 operates on a unique strategy that pivots on trading from levels, using the Pivot Point system. This system was devised by renowned analyst Rudolf Axel, a leading figure in the application of Pivot-levels. Hence, the tool is aptly named EA Pivot SR, where SR stands for Support & Resistance.

How it Works

The EA places intraday pending orders set at calculated levels, based on several independent strategies for setting these orders. These orders are opened once a day, and if not activated, they get deleted at the end of the trading day. This forex software is not affected by spread but works best with ECN type accounts with minimal spreads.

Additional Features

The EA Pivot SR MT5 comes with features that enhance its functionality and usability. It has an inbuilt trailing system, which users can choose to enable or disable. The EA works best with hedge accounts, and it’s compatible with any broker, preferably an ECN with zero hedging margin.

It’s designed to work with any currency pair, but the default settings are set for GBPUSD. The EA works seamlessly on any timeframe, with the default settings for H1. It uses Stop Loss, Take Profit levels for exiting the market and can also build a small averaging grid if the price goes against an open position.

The EA has functions for automatically calculating the volume of positions based on the account balance or free margin. There is also an option to close all positions by the percentage of profit or loss from the account balance.

Final Thoughts

While the EA Pivot SR MT5 has proven to be a reliable trading tool, it is important to remember that past performance does not guarantee future results. Users are advised to carefully consider their initial deposit and trading volumes, especially if their broker uses hedged margin.

Frequently Asked Questions

What is the EA Pivot SR MT5?
The EA Pivot SR MT5 is a fully automatic Expert Advisor designed for forex trading on the MT5 platform. It uses a unique strategy based on trading from levels and focusing on support and resistance levels.

Can I enable or disable the trailing system?
Yes, the EA Pivot SR MT5 comes with an inbuilt trailing system which you can enable or disable based on your preference.

What type of account is best suited for the EA Pivot SR MT5?
A hedge account is best suited for the EA Pivot SR MT5. It can work with any broker, but an ECN with zero hedging margin is preferable.

For independent testing of this product, you can visit the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product. We invite you to share your experience of using this product, as we value your feedback.

Please note, this is an independent product review, and the product in discussion is not affiliated with us in any way. This review is intended to provide a comprehensive understanding of the EA Pivot SR MT5’s capabilities and features.