Elliott Surfer EA MT5

Forex trading has evolved over the years with the introduction of automated trading software, and one such software that has gained attention among traders is the Elliott Surfer EA MT5. This software is designed with the central idea of automating the Elliott Wave theory, a reliable and straightforward forex trading strategy.

Understanding the Elliott Surfer EA MT5

The Elliott Surfer EA MT5 is not just another Night Scalper, Martingale, Grid system or Backtest Curve fitting. Instead, it is a one-entry, SL and TP EA. This trading software is based on the Elliott Wave theory, which involves trading waves in which the market is currently trending. Traders can enter positions on the corrective waves and ride the impulse waves, a strategy that has proven to be one of the few profitable long-term intraday strategies.

Key Features of Elliott Surfer EA MT5

This MT5 trading software is quite sophisticated and includes several filters, variable settings to experiment with, and a robust risk management system. It supports a floating stop loss and determines the best price to place it. The software is designed to be long-term, attach and forget, and is not afraid of the news or time filters.

As far as compatibility is concerned, the Elliott Surfer EA MT5 supports a wide range of pairs in both its new and old modes. The new mode supports pairs like “EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, EURJPY, GBPJPY, XAUUSD, AUDJPY, CADJPY, EURGBP, EURCHF, AUDCAD, EURCAD, USDCHF, NZDCAD, NZDJPY, NZDUSD,” while the old mode supports pairs like “EURUSD, GBPUSD, USDJPY, XAUUSD, NZDUSD, USDCAD, EURJPY, AUDJPY, CADJPY, GBYJPY”.

Managing Your Investments with Elliott Surfer EA MT5

The software offers a variety of risk management settings for recommended pairs, including safe risk, medium risk, and high risk. Users can also manipulate numerous input parameters, such as Run Mode, OneChartSetup, AutoLots, Risk_Mode, LotSize, and more, to fine-tune their trading strategy. The software also provides a news filter to prevent trading during news events.

FAQs about Elliott Surfer EA MT5

1. What is the minimum deposit for recommended pairs?
The minimum deposit for the recommended pairs is $300.

2. Can I manually change the stop loss settings?
Yes, the software allows you to manually change and utilize MinSL and MaxSL. The EA will dynamically decide the best price to place the stop loss between the range provided.

3. Does the software support trading during news events?
No, the software provides a news filter to prevent trading during news events.

For those interested in the Elliott Surfer EA MT5, they can watch independent testing of this product on the forexroboteasy.com website. Subscriptions to updates on the results of testing this product are also available.

If you have experience using the Elliott Surfer EA MT5, you are invited to share your experience. This will provide valuable insights to others who are considering this forex trading software.

Please note that this is an independent product review, and the text is written in the third person. The goal is to provide a neutral and comprehensive review of the Elliott Surfer EA MT5 based on its features and functionality.