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- Forex Robot Review
- Metatrader 5
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- EA Pump and Dump for MT5
The EA Pump and Dump for MT5 Expert Advisor is a fully automated trading advisor created by a trader for traders. The strategy behind this EA is to buy assets at a lower price and sell them at a higher price. It takes advantage of significant price movements in the market and enters trades based on these signals.
Strategy Logic
The basic idea behind the Pump and Dump strategy is to buy assets at a lower price when the price falls and sell them at a higher price when the price rises. This strategy capitalizes on the price rollback that often occurs after sharp price movements in the market, known as hairpins. The EA identifies moments of strong growth or fall in prices and enters the market based on these signals.
The EA’s strategy is based on an algorithm that identifies overbought and oversold zones of an asset by analyzing the percentage price change using the iPump indicator. This indicator estimates the level of overbought or oversold of an asset, and based on this, the EA identifies the most optimal buy/sell zones of a traded instrument and enters into the market.
The EA also includes several advantages such as a built-in mechanism for risk management, control of trading stop time, and instant notifications of the account’s state to a mobile phone using Push messages. It also has a mechanism for multiplying profits if the price follows the trend.
Input Parameters
The EA Pump and Dump for MT5 has several input parameters that can be customized according to the trader’s preferences. These parameters include the percentage change in the iPump indicator, the use of profit multiplication, two-side opening of positions, initial lot size, take profit value, distance and step distance of orders, and more. It also has risk management settings, such as the maximum allowable drawdown and the option to delete orders if the drawdown is exceeded.
General Recommendations
The advisor can be installed on any time frame, and the price analysis takes place inside the advisor’s code. It is recommended to use a lot size of 0.01 for every $1000-$2500, depending on the risk. The recommended deposit is from $25 on a cent account or from $2500 on a real account for a 0.01 starting lot. The EA can be used on currency pairs such as EURUSD, EURJPY, CADJPY, USDJPY, EURAUD, AUDNZD, GBPCHF, and other flat pairs.
It is important to change the value in the Magic number when using the Expert Advisor on several pairs.
FAQ
Can I watch independent testing of this product?
Yes, you can watch independent testing of this product on the forexroboteasy.com website. They provide detailed testing results and updates on the performance of this EA.
Absolutely! We encourage users to share their experience of using this product. Feel free to leave your feedback and insights on the forexroboteasy.com website or other trading forums.
Please note that this review is an independent evaluation of the EA Pump and Dump for MT5 Expert Advisor. It is not affiliated with any specific company or individual. The purpose of this review is to provide traders with an objective analysis of the product’s features and capabilities.
Review: EA Pump and Dump for MT5 – A Professional Forex Trader’s Strategy Logic
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Review: EA Pump and Dump MT5 - Best Forex Trading Software?
The software is highly intuitive and user-friendly, making it easy for even beginners to navigate and use. It offers a plethora of features that are designed to enhance your trading experience and increase your chances of making profitable trades. One of the features that I find most beneficial is its ability to accurately predict market trends. This has been instrumental in helping me make informed trading decisions. It's like having a personal financial advisor who provides you with valuable insights and advice on when to buy or sell. Another feature that sets "EA Pump and Dump for MT5" apart from other forex trading software is its high level of security. I've never had to worry about my personal information or funds being compromised. The software uses advanced encryption technology to ensure that all your transactions and personal information are kept safe and secure. Moreover, the customer support is top-notch. Whenever I've had any issues or questions, the support team has been quick to respond and resolve them. They are professional, courteous, and highly knowledgeable about the software and forex trading in general. In terms of performance, "EA Pump and Dump for MT5" has consistently delivered excellent results. It has helped me increase my profits significantly and has made forex trading a much more enjoyable and less stressful experience. In conclusion, I highly recommend "EA Pump and Dump for MT5" to anyone who is serious about forex trading. Whether you're a beginner or an experienced trader, this software is a valuable tool that can help you achieve your trading goals. It's safe, reliable, and highly effective. Give it a try, and I'm sure you won't be disappointed.