Big Forex Players EA Review

The world of forex trading is ever-evolving, and staying ahead requires sophisticated tools. Enter Big Forex Players EA, a cutting-edge robot claiming to revolutionize trading by maximizing potential, minimizing emotional biases, and leveraging advanced technology. In this extensive review, we will explore the various facets of this EA, from its core strategies and risk management features to user experience and support offerings.

Big Forex Players EA Review
Big Forex Players EA Review

Core Strategies

1. Diverse Strategies Tailored for Every Trader

Big Forex Players EA differentiates itself by offering a comprehensive suite of four distinct trading strategies to cater to a wide spectrum of traders:

a. Trading with Banks

  • Approach: In-depth Bank Research and Analysis
  • Features: Singular position per pair, focusing on medium to long-term positions.

b. Trading with Indicators

  • Approach: Utilizes popular indicators such as RSI, MACD, and Stoch on H4-D1 charts.
  • Features: Single position per pair, suitable for medium to long-term trading.

c. Trading with Robot

  • Approach: A Multicurrency Robot using Price Action, Cycle Strength, SMA Strength, RSI, and custom indicators.
  • Features: Applicable to EurUsd, GbpUsd, UsdJpy, Gold, Bitcoin pairs, with three risk modes: Low, Medium, or High.

d. Trading with Signals (Upcoming Feature)

  • Approach: Integration with the Best Forex Signals service.
  • Features: Targeting short and medium-term positions.

2. Advanced Risk Management

Big Forex Players EA puts a strong emphasis on risk management, providing built-in tools that automatically adjust trading parameters. Traders can select risk modes—Low, Medium, or High—based on their individual risk tolerance, offering a dynamic and adaptable trading experience.

User Experience

1. Seamless Setup and Customization

Designed with both seasoned and beginner traders in mind, Big Forex Players EA boasts an effortless setup and customization process. The inclusion of a detailed manual in multiple languages enhances accessibility, catering to a diverse global audience.

2. Global Compatibility

The EA effortlessly integrates with MetaTrader 4 and MetaTrader 5 platforms, ensuring accessibility for traders worldwide. Location or preferred forex broker is not a barrier, allowing users to implement this EA for their trading needs with ease.

3. Continuous Updates and Limited Offer

Big Forex Players EA commits to continuous updates to adapt to the ever-changing market conditions. The limited offer, restricting sales to 1000 units, and the creation of a private group for the first 1000 members add an element of exclusivity and community building among users.

4. Testing and Support

Providing a comprehensive guide on how to test the EA using MetaTrader 4 tester, the developers showcase transparency and a commitment to user understanding. A dedicated support team is ready to assist users at every step, and the inclusion of a private group allows users to communicate freely, share suggestions, and build a community of serious traders.

Pricing and Bonuses

Priced at $999, the Big Forex Players EA positions itself as a premium solution for serious traders. The limited offer of a special gift or one of three additional robots for the first 200 users adds extra value, creating a sense of urgency and exclusivity.

Going Deeper into Parameters

Understanding the depth of customization that Big Forex Players EA offers is crucial for potential users. The extensive list of parameters includes options like Trading with Banks, Trading with Indicators, Trading with Robots, and Trading with Signals. Each of these can be easily enabled or disabled with a single click, providing flexibility for traders.

The parameters extend further to cover essential elements such as custom comments, trading hours, max spread, take profit, stop loss, and more. The inclusion of these features aims to give traders granular control over their trading strategies.

How to Start Using Big Forex Players EA

The post-purchase process is outlined in detail, guiding users on proper setup and utilization of the EA. It emphasizes the importance of proper testing, suggesting specific settings for the MetaTrader 4 tester to ensure optimal performance.

After purchase, users are encouraged to send a confirmation screenshot to receive the manual and access to a private group. The manual, available in multiple languages, assists users in adapting the EA to their broker and settings. Turning on AutoTrading, adding the EA to the H1 chart on recommended pairs, and configuring settings as per the manual are the recommended steps.

The EA is suggested to be used with a broker featuring a low spread, a minimum deposit of $1000, leverage ranging from 1:30 to 1:1000, and an active news filter. The recommendation to run the robot on a Virtual Private Server (VPS) for 24/7 connectivity and to test it on a demo account before moving to a live account adds a layer of prudence for users.

The Extensive Parameters of Big Forex Players EA

The list of parameters provided by Big Forex Players EA is extensive, covering various aspects of trading. Users can customize their experience by adjusting parameters such as trading hours, risk percentage, trailing stop, step, orders step, and more. The inclusion of features like filtering news by currency and automatic stop-loss during important events adds sophistication to the EA.

Understanding the parameters is crucial for users to tailor the EA to their specific trading preferences and risk tolerance. The transparency in providing a detailed description for each function ensures that users can make informed decisions.

Parameters

  • Trading with Banks – positions of the Biggest banks and Investment funds with TP-SL (bank research and analysis)
  • Trading with Indicators – positions based on the popular RSI, MACD, Stoch indicators with TP-SL
  • Trading with Robots – EA for EurUsd, GbpUsd, UsdJpy, Gold, Bitcoin pairs with TP-SL.
  • Trading with Signals – with the new update, we will connect the Best Forex Signals…
  • Each of these four features can be enabled or disabled with a single click (true-false parameter)
  • Custom comments – the ability to specify your own trade comments
  • Trading 24h – the ability to run the robot 24 hours with true-false option
  • Risk percent – selecting the size of the lots based on the risk percentage
  • Select risk mode – three modes to select the risk, low, medium and high
  • Trailing Stop and Step – Trailing options for Low, Medium and High mode
  • Orders Step – distance in points between trades
  • Trade Hours – choose the days and hours that EA will work (Local time-PC)
  • Max Spread – spread filter is an additional safeguard for trading
  • Take Profit – take profit in pips for individual trades with low mode
  • Stop Loss – stop loss in pips for individual trades with low mode
  • Orders Profit – profit in account currency for a positions to be closed
  • Stop Loss – trades loss as a percent of account balance
  • Closing all orders – activation of closing trades at the end of the day
  • Closing Time (text in format HH:MM) – closing time for opened trades
  • Lots – lot size of opened trades on signal
  • Lots Step – additional lot size added to following trades
  • Filter news – USD, EUR, GBP, CAD, AUD, JPY, CHF, CNY, NZD
  • Magic No – identification number for trades opened by the instance of the strategy
  • Show panel – the ability to hide the EA panel that is on the chart
  • Only a Buy or only a Sell option in EA – You can set up EA to open only Buy or Sell positions at any given time
  • Allow trading in holidays – when news filter is active, this function allow to open new trades from new cycles during holidays
  • NewsFilter – activation of news filter for blocking new trades
  • Disable EA after loss – after reaching the MaxDD loss, the robot will stop opening new positions until the following day
  • doNotTradeBefore/AfterInMinutes – minutes before and after the news during which EA cannot place new trades
  • ReportFor USD/EUR/GBP/AUD/CAD/JPY/CHF/CNY/NZD (true/false)  – choice of the currency for which the news are included in the filter
  • AllowTradingOnHolidays – when news filter is active, this function allow to open new trades from new cycles during holidays
  • FindKeyword – activation of function to detect only news with chosen keywords included in the name
  • FindKeywordList – list of keywords which has to be included in the high  impact news to give news filter signal
  • Example: if FindKeyword is false, filter will be working for all high important news (High impact news). If FindKeyword is true, and FindKeywordsList is set as “ECB, FOMC, BOE, BOJ, Fed” filter will look for only important news, with any of chosen keywords in their name ECB, FOMC, Fed and here you can add a list of important news that you want to be blocked, add each event after a comma.
  • Additional automatic Stop Loss during important news (% of Balance) – This is a separate parameter and will handle positions that were opened before the important data.
  • TPSLHidden – You can hide your take profit and stop loss levels from your broker. You will see lines on the chart with the levels, only with Low mode. You can turn this feature off if you don’t want to use it.
  • All parameters you can edit, enable or disable with a single click. You will also receive a detailed description of each function.

Conclusion

In conclusion, Big Forex Players EA positions itself as a robust tool for traders seeking to enhance their trading strategies. The combination of diverse strategies, continuous updates, global compatibility, and a limited offer creates an attractive package. However, potential users should exercise due diligence, conduct thorough testing, and consider the cost in relation to their trading capital before making a purchase.

Big Forex Players EA holds the promise of ushering traders into a new era of algorithmic trading, and with its comprehensive suite of features, it is poised to make a mark in the competitive world of forex trading. As the developers commit to ongoing improvements and user feedback, the EA may evolve into an indispensable tool for traders worldwide.

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