Automated trading programs, such as Expert Advisors (EAs), have become increasingly popular in recent years due to their ability to analyze market data and execute trades in real-time. The Agent Zero EA is an expert advisor designed for the MetaTrader 4 platform to make trading easier for forex traders. It uses a variety of strategies, including scalping and martingale, to analyze market data and execute trades in real-time.
In this article, we will be taking a closer look at the Agent Zero EA, a fully automated Expert Advisor designed for extreme scalping trading. By the end of this review, readers will have a comprehensive understanding of the Agent Zero EA, allowing them to make an informed decision about using it in their trading strategy.
Agent Zero EA Strategy
Agent Zero EA is an automatic Expert Advisor designed for Extreme Scalping trading. It operates at a high frequency, requiring attention from the user. The strategy involves frequent trades based on continuous openings, which can be filtered using indicators like MA and ADX. It is suitable for the MetaTrader 4 (MT4) platform.
Agent Zero EA uses scalping as its main strategy, which involves making multiple trades over a short period. It also uses a Stop Loss Level of account equity, which limits potential losses. The EA also utilizes the Martingale strategy, which entails increasing the lot size of losing trades while decreasing the lot size of winning trades. The Dynamic Step Order feature helps to reduce risk by gradually increasing the size of orders.
According to the developers, the currency pairs that are recommended for trading using the Agent Zero EA are EURGBP, EURUSD, and EURJPY, and the timeframe for these trades should be M1. According to the developers, it is advised for traders to have a minimum balance of 50 USD for one pair and 150 USD for two pairs. Furthermore, the EA is not free, and users will need to purchase a license to use it. The EA carries a high level of risk and may not be suitable for all traders. It is suitable for experienced traders who are comfortable with scalping strategies and can effectively manage the high-frequency trading style of the EA.
The EA’s scalping strategy, which involves opening and closing trades quickly, requires attention and can be quite challenging to manage. Nevertheless, the EA’s dynamic TP and step order features allow orders to adjust to market conditions. Its MA filter feature also helps to control the risks associated with the Martingale strategy, which can be dangerous if not managed properly.
Although the Agent Zero EA is capable of executing trades automatically, it is important for traders to closely monitor it due to its high-frequency trading style that involves rapidly opening and closing trades. This can be a challenge for some traders who prefer a more hands-off approach to trading. As with any automated trading program, it is important for traders to thoroughly test and understand the strategy before incorporating it into their trading approach.
Agent Zero EA Features
Here are the features of the Agent Zero EA:
- Extreme Scalping Trading Strategy
- Continuous opening of trades
- Trades filtered with MA and ADX indicators
- Stop loss based on account equity
- Smart order opening and closing mechanism
- Dynamic Take Profit to move orders closer to breakeven
- Dynamic Step Order mechanism
- MA filter to control Martingale orders open
- Pass range to control first orders open
- Works on EURGBP, EURUSD, and EURJPY currency pairs
- Suitable for M1 chart timeframe
- Easy to install and use with step-by-step instructions
- Backtesting feature to test the EA’s performance with historical data
- Option to customize settings to match individual trading preferences
- Regular updates and customer support to assist traders
- Developed for MetaTrader 4 (MT 4) platform
Agent Zero EA Settings
- Dynamic Take Profit Order- can change the take profit point
- Stop Loss – Set the stop loss level in points
- MA Filter- controls martingale orders
- Pass Range- controls the first orders opened
- Number of Opened Deals – Set the maximum number of orders that can be opened
- Comments – Add comments to trades or the EA settings
Agent Zero EA Summary
From my perspective, the Agent Zero EA is an automated trading tool. Its key strength lies in its extreme scalping strategy, which is designed to generate quick and frequent trades based on continuous openings filtered with MA and ADX indicators.
As with any trading strategy, it is important to test the Agent Zero EA on a demo account and apply good risk management settings before using it with real money. This will help traders to assess the performance of the EA and determine the appropriate risk management settings, such as stop loss and take profit levels.
Overall, the Agent Zero EA is suitable for experienced traders with a sufficient capital base who are comfortable with scalping and martingale trading strategies. Traders should carefully consider the EA’s strengths and weaknesses and conduct thorough testing before deciding to incorporate it into their trading strategy.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
