Crown Prince FX EA

The Crown Prince FX EA is an automated trading software designed for Forex traders seeking to optimize their trading strategies. The software claims to identify optimal entry and exit points in real-time with no lag, execute up to 50 trades per day with secured take profit levels, and use advanced risk management features such as intellectual break-even and virtual stop-loss calculations to minimize losses.

In this article, we will review the Crown Prince FX EA and evaluate its features and performance. By the end of this review, you will have a better understanding of the Crown Prince FX EA and be able to make an informed decision about whether it is the right trading software for your needs.

Crown Prince FX EA Strategy

Crown Prince FX EA is an expert advisor that uses real-time chart plotting to identify the best entry and exit points without any lag. It is capable of trading on any volatility pairs, but it is recommended to use it on multiple correlation pairs such as XAUUSD, GBPUSD, and EURUSD. The EA can execute 15-50 trades per day, and all trades are secured by take profit orders.

Crown Prince FX EA
Crown Prince FX EA

To use the EA in multiple pairs, users need to change the magic number for each pair and copy the indicator.ex4 file to the indicator folder of their MT4 terminal. The advisor comes with default settings that are standard for all pairs, and users only need to consider the time and magic number.

Crown Prince FX EA is designed to keep shady brokers from trading against users by guarding their trade information. The EA does not use grid or martingale strategies and is equipped with intellectual break-even and virtual stop-loss calculation to minimize losses. It has a maximum drawdown of 10-20%, and regular optimization of configurations is not required.

It is recommended to test Crown Prince FX EA in a demo account for at least a week and familiarize oneself with its workings before using it in a real account. To achieve consistent results, the EA should run on a forex VPS with minimal latency and no interruptions. Thus, users are advised to use a reliable VPS. It is important to exercise caution and follow the instructions provided to ensure that the EA operates smoothly.

Crown Prince FX EA Features

  • Real-time chart plotting to identify the best entry and exit points without any lag.
  • It can trade on any volatility pairs, but recommended to use on multiple correlation pairs such as XAUUSD, GBPUSD, and EURUSD.
  • It is capable of executing 15-50 trades per day, all secured by take profit orders.
  • It can be used on multiple pairs by changing the magic number for each pair and copying the indicator.ex4 file to the indicator folder of the MT4 terminal.
  • It comes with default settings that are standard for all pairs, and users only need to consider the time and magic number.
  • It is designed to keep shady brokers from trading against users by guarding their trade information.
  • It uses intellectual break-even and virtual stop-loss calculation to minimize losses.
  • It does not use grid or martingale strategies.
  • It has a maximum drawdown of 10-20%.
  • Regular optimization of configurations is not required.
  • It can be used with any ECN broker, preferably IC Markets.
  • It can automate virtual stop-loss calculation.
  • It can plot chart price in real-time to identify entry and exit points.
  • It does not require regular optimization of configurations.
  • It is advised to test in a demo account for at least a week before using in a real account.

Crown Prince FX EA Settings

  • Magic – The magic number used to identify trades for each pair.
  • Lot for Balance – The lot size to be used based on the account balance.
  • Number of Opened Deals – The maximum number of orders that can be opened simultaneously.
  • Time to Start Hour – The start hour for opening trades.
  • Time to Finish Hour – The end hour for opening trades.
  • Open Opposite Deals – Enable or disable the opposite direction logic.
  • Max Spread – The maximum spread allowed for opening trades.
  • Use Breakeven – Enable or disable the breakeven function.
  • Take Profit – The take profit in points for each trade.
  • Stop Loss – The stop loss in points for each trade.

Crown Prince FX EA Summary

The Crown Prince FX EA is an automated Forex trading software that allows traders to optimize their trading strategies. The software’s main strength lies in its ability to identify the entry and exit points in real-time with no lag, execute multiple trades per day, and use advanced risk management features such as intellectual break-even and virtual stop-loss calculations.

However, like any trading software, the Crown Prince FX EA also has its weaknesses. Its performance may be affected by market volatility and unforeseeable events, and its maximum drawdown of 10-20% may be considered high for some traders. It also requires proper testing and good risk management settings to avoid significant losses.

It is advisable to test the Crown Prince FX EA in a demo account for at least a week before using it in a real account. This will allow traders to familiarize themselves with the software, its features, and its performance under different market conditions. Applying good risk management settings such as using appropriate lot sizes, take profit levels, and stop loss levels can also help reduce the risk of significant losses.

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