Forex trading is a popular investment option for traders all over the world. However, navigating the forex market can be challenging, with many traders struggling to find the right strategy and tools to help them succeed. One such tool is the Arbor EA, an expert advisor designed for traders in the forex market. In this article, we will provide a comprehensive review of the Arbor EA, discussing its features, strategy and risk management. By the end of this review, traders will have a better understanding of the Arbor EA, and can make an informed decision on whether to use it in their trading activities.
Arbor EA Strategy
Arbor is an expert advisor that has been developed for traders in the forex market. It uses custom-made indicators to scan the market for entries and exits, along with news filters and other necessary inputs. Arbor EA is most compatible with the MT5 platform, but an MT4 version is also present. It can work appropriately with all account types and doesn’t use risky methods such as Grid, Martingale, etc.
Arbor EA trades several currency pairs on a 1-hour timeframe chart. It uses a dedicated stop loss and take profit for each trade, which helps traders manage their risk effectively. Additionally, it can trade multiple currencies from one chart. The Arbor EA uses a smart news filter that avoids trading during high-impact news events as news events can cause significant price movements in the market, making it challenging to manage risk.
The Arbor EA is available for a lifetime license at a cost of $349. Although this price may be deemed high by some traders and reasonable by others, it’s important to keep in mind that like any other EA, the Arbor EA is not immune to risks and could potentially experience losses.
Arbor EA Features
- Custom-made indicators to scan the market for entries and exits.
- News filters to avoid high-impact news events.
- Compatibility with MT5/MT4 platforms
- Trades several currency pairs on a one-hour timeframe chart.
- No risky methods such as Grid, Martingale, etc.
- Works with all account types.
- Can trade multiple currencies from one chart.
- Dedicated stop loss and take profit for each trade.
Arbor EA Settings
- Lot size- This setting determines the size of each trade in lots.
- Risk- This setting determines the risk level for each trade. Traders can adjust this setting to increase or decrease their risk exposure.
- Slippage- This setting represents the maximum allowable deviation between the expected price of a trade and the actual execution price.
- Magic number- This setting allows traders to assign a unique identifier to each trade, making it easier to track and manage their trades.
Arbor EA Summary
The Arbor EA is a forex trading tool intended by the developer to assist traders in navigating the markets. Its unique custom-made indicators, and other inputs scan the market for entries and exits, while the smart news filter feature avoids trading during high-impact news events. The EA is compatible with both MT5 and MT4 platforms and can trade multiple currencies from one chart.
One of the strengths of the Arbor EA is its dedicated stop loss and take profit for each trade. Additionally, the EA doesn’t use risky methods such as Grid or Martingale. However, the Arbor EA is not a guaranteed way to profit in the forex market, and traders should apply good risk management settings and demo test the EA before using it in live trading. It is not a quick fix for trading success.
Ultimately, traders should make an informed decision on whether the Arbor EA is right for them, based on their trading goals and risk tolerance.
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.