If you’re a forex trader, you’re probably familiar with the term “Expert Advisor” or “EA.” One such EA is the Armageddon EA, a forex robot that uses a combination of three strategies and the Average True Range (ATR) indicator to make automated buying and selling decisions.
In this article, we’ll take a closer look at the Armageddon EA and evaluate its performance to help you determine whether it’s the right tool for your trading strategy. We’ll examine its key features, including its recommended time frame, compatible currency pairs, risk management techniques, and trading strategies.
By the end of this review, you’ll have a better understanding of the Armageddon EA’s capabilities and limitations, and be able to make an informed decision about whether it’s a worthwhile tool to add to your trading arsenal. So, let’s dive in and see what this forex robot has to offer.
Armageddon EA Strategy
Armageddon EA is a forex robot that operates on the FOREX market and is designed to make automated buying and selling decisions without human intervention. The EA uses a combination of three strategies created by the developer and the ATR indicator to make decisions about when to enter and exit trades.
The platform on which Armageddon EA operates is MT4, and the recommended time frame is M15. The EA is compatible with a wide range of currency pairs, including EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, AUD/USD, and USD/JPY. One of the key features of Armageddon EA is its risk management strategy. All open trades have their own Stop Loss and Take Profit levels, which are set according to current market conditions.
Another important feature of Armageddon EA is its focus on market volatility. The EA uses the ATR indicator to measure volatility, which can indicate possible price directions at certain times of the day. This helps the EA to make informed trading decisions and avoid market conditions that are unfavorable.
Armageddon EA Features
- Automated Trading: Armageddon EA operates automatically, without the need for human intervention. This means that it can run 24/7, and can make trading decisions even when the trader is not present.
- Three Trading Strategies: The EA uses a combination of three trading strategies designed by the developer himself to make trading decisions.
- ATR Indicator: The EA uses the ATR (Average True Range) indicator to measure market volatility, which can indicate possible price directions at certain times of the day. This helps the EA to make informed trading decisions.
- Compatible with MT4: The EA is designed to work on the MT4 platform, which is a popular choice for forex traders.
- Timeframe: The recommended timeframe for the EA is M15, preferably for shorter-term trading.
- Compatible with Multiple Currency Pairs: The EA can be used with a wide range of currency pairs, including EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, AUD/USD, and USD/JPY.
- Risk Management: All open trades have their own Stop Loss and Take Profit levels, which are identified according to current market conditions. This helps in risk management.
- Easy Installation: The EA is easy to install and set up.
- Free Updates: The developer provides free updates for the EA, which ensures that it stays up-to-date with market conditions.
- Customer Support: The developer provides customer support to help traders with any issues they may encounter when using the EA.
Armageddon EA Settings
- Lot size- Determines the amount of currency to be traded.
- Take profit- The target profit level for each trade.
- Pip starter- The number of pips needed before a trade is opened.
- Risk percentage- The percentage of the account balance to be risked per trade.
- Slippage- The maximum allowable deviation from the requested price.
- To avoid orders being opened during high broker’s slippage- Prevents orders from being opened during periods of high slippage.
- Use Strategy- The option to activate or deactivate the EA’s trading strategies.
- To Activate this Strategy in the system- The process of enabling a specific strategy within the EA.
- Magic Number- A unique identifier assigned to each trade to distinguish it from others.
Armageddon EA Summary
The Armageddon EA is an automated trading tool intended to assist traders make trading decisions in the forex market. Its strengths include its three trading strategies, compatibility with the MT4 platform, and risk management techniques. The EA also offers a range of customizable settings, including lot size, take profit, and risk percentage, which allow traders to tailor the EA to their individual trading strategies.
However, the EA has some potential weaknesses, including the need for consistent monitoring of the market conditions and the risk of high slippage during periods of volatility. Additionally, the EA is not a guaranteed profit-making tool, and traders should not rely solely on its automated trading decisions.
To test the Armageddon EA, traders can use demo accounts to simulate real market conditions and evaluate the EA’s performance before committing to live trading. It’s also important to apply good risk management settings to ensure that losses are minimized. The Armageddon EA is not free and requires a one-time payment of $197 to access its features.
Overall, the Armageddon EA is intended by the developer for experienced traders who have a strong understanding of market conditions. It may not be suitable for novice traders who are just starting out in the forex market and have limited knowledge of trading strategies and risk management techniques.
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.
