The world of forex trading is constantly evolving, and with the emergence of automated trading tools, traders can now easily automate their trading strategies. The Ancrux EA is an automated trading tool that operates based on the popular Bollinger Bands and hedging trading strategies.
This article provides a detailed analysis of the Ancrux EA’s strategy, features, and settings. By the end of this review, you will have a comprehensive understanding of the Ancrux EA and be able to make an informed decision on whether it is suitable for your trading needs. So, let’s explore the Ancrux EA.
Ancrux EA Strategy
The Ancrux EA is an automated trading tool that utilizes two popular trading strategies: hedging and Bollinger Bands. The hedging strategy involves opening multiple positions in the opposite direction of an existing trade, reducing the overall risk of a losing position. Meanwhile, the Bollinger Bands strategy uses moving averages and standard deviations to create upper and lower bands around a moving average, indicating overbought and oversold market conditions. The Ancrux EA is compatible with the widely used MetaTrader 4 (MT4) platform.
One of the Ancrux EA’s strengths is its ability to automatically execute trades based on the two strategies, providing traders with the opportunity to trade without monitoring the market. Additionally, the EA offers a wide range of settings and features, including autolots, take profit and stop loss levels, and trailing stop functionality, giving traders control over their trades.
However, the Ancrux EA also has its limitations and potential weaknesses. As with any trading tool, there is always a risk of losses, and the hedging strategy used by the EA can sometimes lead to prolonged drawdowns if market conditions do not improve. Additionally, the EA is subject to market conditions, increasing its potential risks. It is also essential to note that the Ancrux EA is not a guaranteed solution and should be used alongside sound risk management practices.
To use the Ancrux EA, traders need to place the EA’s file into the ‘Expert’ folder of the MQL4’s data folder. Traders can adjust the various settings and functions to align with their goals and risk management strategies. This includes setting maximum spread levels, defining trading times, and adjusting lot sizes based on account balance. We recommend that traders demo test the EA before using it with a live account to ensure that it aligns with their goals and expectations.
The Ancrux EA is suitable for traders who are comfortable with automated trading and are looking for a tool to help implement their hedging and Bollinger Band trading strategies. It is worth considering for traders who have limited time or are seeking to diversify their trading strategies. However, it is crucial for traders to fully understand the risks involved and to employ sound risk management practices when using the Ancrux EA.
Ancrux EA Features
- Trading Strategies- Uses two popular strategies which are Hedging and Bollinger Bands trading strategy.
24/7 Trading- The EA works around the clock, constantly monitoring the markets to find an optimal entry and exit point.
- Innovative technology- Ancrux EA uses a newly developed technology to calculate trades based on market movements.
- Easy to use- Simply load the expert advisor on chart and it will do all the calculations based on the market movements, and opens and closes orders.
- Multi-pair capability- Ancrux EA can be used on multiple currency pairs, but it is recommended by the developers for the EURUSD pair.
- Recommended timeframes- The EA is optimized for timeframes between 1 minute and 4 hours.
- Auto-trading- Ancrux EA is designed to work with the auto-trading feature on the MetaTrader 4 platform.
- Risk management- The EA opens several trades simultaneously and may show some trades in a negative position, and it is designed to close these trades in a better position.
- Backtesting feature- It is recommended to test Ancrux EA on a demo account for at least a month before using it on a real account.
- Compatible with VPS- Ancrux EA is compatible with Virtual Private Servers (VPS).
Ancrux EA Settings
- Autolots- Setting for the automatic lot size calculation based on account balance.
- Hedging- Option to enable or disable hedging.
- Max spread- Maximum allowed spread for opening a position.
- TimeStart- Time to start trading.
- TimeEnd- Time to stop trading.
- Bands Shift- Shift value for the Bollinger Bands indicator.
- Bands Periods- Periods value for the Bollinger Bands indicator.
- Apply to- Setting to apply the Bollinger Bands indicator to either Close, High or Low price values.
- Bands Deviation- Deviation value for the Bollinger Bands indicator.
- TP- Take profit value for closing a position.
- SL- Stop loss value for closing a position.
- Use Trailing- Option to enable or disable trailing stop loss.
- Trailing Start Single Order- The distance between the current market price and the trailing stop loss level for a single order.
- Trailing Stop Single Order- The distance between the current market price and the trailing stop loss level for a single order.
- Trailing Start Averaging- The distance between the current market price and the trailing stop loss level for an averaging order.
- Trailing Stop Averaging- The distance between the current market price and the trailing stop loss level for an averaging order.
- Total Order 1- Total number of orders for the first step of averaging.
- Step 1- The distance between each order for the first step of averaging.
- Total Order 2- Total number of orders for the second step of averaging.
- Step 2- The distance between each order for the second step of averaging.
- Gunakan Jam Trading- Option to enable or disable trading during certain hours.
- Lotawal- Fixed lot size for trading.
- Balance untuk Auto Lots- Balance value used for auto lot size calculation.
Ancrux EA Summary
The Ancrux EA is a forex trading robot designed to automatically execute trades. This EA uses the Bollinger Bands indicator to identify potential market trends and then enters trades accordingly. Its strengths include its ability to monitor the market, and its performance can be optimized based on specific parameters.
However, its weaknesses include the potential for losses during high market volatility and the fact that it is only as good as the strategy it is programmed to follow. It also requires regular updates and optimization, and its performance may vary on other pairs than EURUSD. Demo testing the Ancrux EA is recommended to determine its effectiveness and identify any potential issues.
Overall, the Ancrux EA is suitable for experienced forex traders who are looking to automate their trading strategies and have a thorough understanding of the markets and trading risks.
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.