EA Super 8 is an automated trading system that uses a combination of technical indicators and price action analysis to try and identify profitable trades in the Forex market. This trading system is designed to be easy to use and can be customized to suit the needs and preferences of individual traders. The EA Super 8 trading system is based on the concept of trend following. This means that the system looks for trends in the market and trades in the direction of those trends.
This Expert Advisor can be purchased from the MQL marketplace whilst there is a free demo version also available to give it a try before making any commitment. In this article, I will be taking a look at how the EA Super 8 works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.
Using the EA Super 8
The EA Super 8 is intended for high-risk trading. The EA has new methods for determining trend direction built in. The Expert Advisor trades with a minimum profit and a no-loss system, controlling every trade. The built-in algorithm will constantly analyse the trading instruments on which chart the EA is applied, searching the charts for buy and sell signals. When the EA Super 8 finds an opportunity, it can place and manage trades on behalf of the user.
One of the key features of the EA Super 8 trading system is its flexibility. Traders can adjust the settings of the system to suit their trading style and preferences. For example, traders can set their own stop loss and take profit levels, as well as adjust the sensitivity of the technical indicators used by the system.
Another advantage of the EA Super 8 trading system is its simplicity. The system is designed to be easy to use, even for traders who are new to Forex trading. The EA Super 8 trading system is also fully automated, which means that it can run 24/7 without the need for manual intervention. This can be especially useful for traders who do not have the time or experience to monitor the market constantly. The system can be set up to execute trades automatically based on predefined rules, which helps to eliminate emotions from trading decisions and minimize the risk of human error.
One potential downside of the EA Super 8 trading system is that it is not guaranteed to be profitable. Like any trading system, the EA Super 8 system is subject to market conditions and cannot guarantee a specific level of returns. Traders may want to carefully evaluate their risk tolerance and investment objectives before using the system.
EA Super 8 Features
- Can be used on all currency pairs.
- Works on all timeframes.
- Fully automated trading strategy.
- Customisable settings including optimised preset files.
- Uses high-risk trading strategy.
- Trend-following EA.
EA Owner’s Recommendations for Use
- Dividing the available capital into 10 parts.
- Opening an account for a minimum amount of $100.
- Keeping your reserve funds in your personal account.
- Withdrawing profit every day after the completion of all transactions.
- After each withdrawal, summarizing your profit on a separate account from the reserve funds until the moment in which the amount of profit equal to the amount of reserve funds.
- In case of a loss of the deposit, not panicking, rather starting over with $ 100 (reserve fund + profit fund).
- Following clear control rules.
It should be noted that the above is only based on the developers opinion and is not something that you have to follow. You should only ever trade in a way that you feel comfortable with.
Overall, I see some potential with the EA Super 8 for anyone looking to trade currency pairs automatically. The developer has shared some backtests for you to get an idea of how the EA Super 8 has performed over recent years through different market conditions.
It is important to note that past performance does not guarantee good results moving forward. Therefore, I would only test the EA Super 8 on a demo account using a trial version to begin with. This would allow me to get a feel for how it works and see if it fits within my own trading style.
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.