The AUDNZD Otaku EA is an automated forex trading robot designed to trade on the AUDNZD currency pair and has the ability to scalp and trade intraday using strategic trading methods. However, before deciding to use this EA, it is important to understand its features, performance, and potential risks.
In this article, we will provide a comprehensive review of the AUDNZD Otaku EA, including its trading strategy, settings, and performance. By the end of this review, readers will have a better understanding of whether the AUDNZD Otaku EA is a suitable choice for their trading needs, and whether it aligns with their risk tolerance and trading goals.
AUDNZD Otaku EA Strategy
The AUDNZD Otaku EA is an automated forex trading robot that is designed to scalp and trade intraday on the AUDNZD currency pair. Scalping is a trading strategy that aims to make a small profit on a large number of trades. The adviser is optimized for the M5 timeframe but can work on any timeframe.
The AUDNZD Otaku EA is available in two versions, V100 and V300. The developer recommends running both versions simultaneously for optimal performance. The EA opens and closes trades independently, using strategic trading methods and protected by stop loss. The EA does not use dangerous trading methods such as Martingale, hedging, or grid. It makes about 5 to 10 trades per week and can go days without trading. It doesn’t open more than 2 trades in the market in the same direction.
The EA is intended by the developer for traders who prefer scalping and intraday trading strategies. Traders can demo test the EA before investing real money to ensure it suits their trading strategy.
AUDNZD Otaku EA Features
- Automated forex trading robot
- Designed to scalp and trade intraday on AUDNZD currency pair
- Scalping strategy trades and intraday trading strategy trades opened and closed independently
- Optimized for M5 timeframe but can work on any timeframe
- Two versions available: V100 and V300
- Does not use dangerous trading methods such as Martingale, hedging, or grid
- Makes about 5 to 10 trades per week
- Can go days without trading
- Doesn’t open more than 2 trades in the market in the same direction
- Demo account available for testing
AUDNZD Otaku EA Settings
- Lot size- determines the size of the position that the EA will take for each trade
- Max spread- sets the maximum spread that the EA will accept before it stops trading
- Magic number- assigns a unique identifier to each trade that the EA makes
- Max lot- The maximum lot size allowed for each trade
- Forceslpips- The minimum number of pips for stop loss
- Forcetppips- The minimum number of pips for take profit
- Max position- The maximum number of positions the EA can open simultaneously.
AUDNZD Otaku EA Summary
The AUDNZD Otaku EA is a forex trading robot optimized for the AUDNZD currency pair. It utilizes scalping and intraday trading strategies to try to generate winning trades. The EA is compatible with any timeframe, but it is optimized for the M5 timeframe.
Two versions of the EA are available, V100 and V300, and running both versions concurrently is recommended by the developer for optimal results. The EA trades independently and each trade is protected by a stop loss. The EA does not use dangerous trading methods such as Martingale, hedging, or grid.
The AUDNZD Otaku EA is intended by the developer for traders who prefer scalping and intraday trading strategies. Demo testing is recommended to determine if the EA aligns with the trader’s risk tolerance and trading goals.
Overall, like any trading system, there is no guarantee of profitability, and traders should always exercise caution and use good risk management practices when using the EA.
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.