The world of financial trading has seen a remarkable transformation in the past few years, with the advent of cutting-edge technologies like artificial intelligence and trading robots. This fully automatic trading robot is developed with a self-adaptive market algorithms expert advisor that analyzes and process data based on price movements.
In this review, we will delve deeper into the Algo Samurai EA, examining its features, functionality, and performance. By the end of this review, readers will have all the information they need to decide whether to use this EA robot for their trading needs.
Algo Samurai EA Strategy
The Algo Samurai EA is a fully automatic trading robot. It is equipped with self-adaptive market algorithms expert advisor that analyzes and process data based on price movements. This makes it a considerable tool for traders who want to leverage the power of artificial intelligence to improve their trading outcomes.
One of the most notable features of the Algo Samurai EA is its built-in unique Smart Profit Lock System. This system moves behind each candle to lock in profits while the trade remains open, trying to produce winning trades even in volatile markets. This is particularly important for traders who want to minimize their risks while maximizing their returns. Another feature of the Algo Samurai EA is that it does not make use of high-risk methods of money management such as martingale, grid, or hedge.
The Algo Samurai EA is suitable for any broker conditions, and its default parameters are for EURUSD M30 and USDJPY M30 timeframes. The platform requires a minimum account balance of $100, with a recommended balance of $1000-$5000 by the developers. However, traders should never risk more than they can afford to lose. It’s always important to practice proper risk management, especially when using automated trading systems. Traders can test the EA’s performance on a demo account before committing real funds. For optimal performance, the developer also recommends using a VPS.
Traders can use any broker they prefer, as the Algo Samurai EA is compatible with a wide range of forex brokers. However, for optimal execution results, the developer recommends using IC markets as the broker.
Algo Samurai EA Features
- Fully automatic trading robot
- Self-adaptive market algorithms expert advisor based on price movement
- Unique Smart Profit Lock System suitable for use in volatile markets
- No high-risk methods of money management used.
- Suitable for any broker conditions
- Default parameters for EURUSD M30 and USDJPY M30
- Compatible with a wide range of brokers
- Developed and tested by experienced traders
- Regularly updated to ensure optimal performance
- Easy to install and set up
Algo Samurai EA Settings
- Magic – Unique identifier for trades
- FIFO Rules – Enforces first in, first out order for closing trades
- AutoLot – Automatic lot size calculation based on account balance
- Fixed Lot – User-defined fixed lot size
- Auto Lot Mode – Selection of automatic lot calculation mode
- Custom Risk – User-defined risk management settings
- Stop Loss – Predefined stop loss level
- Take Profit – Predefined take profit level
- Order Step Time Difference – Minimum time between orders
- Price Difference – Minimum price difference between orders
- Time Filter – Time of day during which orders can be opened
- Start Hour – Earliest time of day orders can be opened
- Stop Hour – Latest time of day orders can be opened
- Order Comment – User-defined comment for trades.
Algo Samurai EA Summary
The Algo Samurai EA is a tool for automating trading strategies with the platform’s self-adaptive market algorithms expert advisor and Smart Profit Lock System. One of the strengths of the Algo Samurai EA is its compatibility with a wide range of brokers and compatibility with most broker conditions. It is also easy to install and set up, with detailed instructions and user manuals provided to help users navigate the platform.
However, one potential weakness of the Algo Samurai EA is that it requires a minimum account balance of $100, with a developer recommended balance of $1000-$5000. This may not be suitable for all investors, particularly those who are just starting in trading or have a limited budget.
It is important to demo test the Algo Samurai EA and apply good risk management settings to optimize its performance. This involves testing the platform in different market conditions and adjusting its settings to align with your risk tolerance and trading strategy.
In terms of cost, the Algo Samurai EA is priced at a one-time purchase fee of $129. This fee includes lifetime access to the platform, regular updates, and dedicated support from the developer’s team. Overall, the Algo Samurai EA is worth considering for experienced traders who want to leverage the power of artificial intelligence to make trading decisions. However, it is important to demo test the platform, apply good risk management settings, and consider its suitability for your budget and trading strategy before making a purchase.
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.