Forex 99 EA

The Forex 99 EA is designed to use reliable technical indicators to find trades and protect against excessive spread and slippage. It is a Metatrader 4 trading robot that relies on the Keltner channels and the RSI technical indicator for its trade logic.

In this article, we will review the Forex 99 EA, looking at its strengths and weaknesses, as well as its demo testing and risk management settings. By the end of this review, readers will be able to make an informed decision on whether the Forex 99 EA is suitable for their trading style and risk tolerance.

Forex 99 EA Strategy

The Forex 99 EA is a Metatrader 4 trading robot that relies on the Keltner channels and the RSI technical indicator for its trade logic. Its primary focus is on price channel breakouts and overbought & oversold RSI indicator levels to find profitable trade opportunities.

Forex 99 EA
Forex 99 EA

The EA is designed to protect against excessive spread and slippage, and it uses stop loss and take profit orders to secure all open trades. Additionally, the option to use trailing stops is available to lock in profits as trades go in favor of the user. The Forex 99 EA offers multiple customization options and settings, and it doesn’t use any dangerous strategies like martingale or hedging.

According to the developer’s recommendations, this EA works best on GBPUSD, USDJPY, EURUSD, AUDUSD, and AUDJPY, but it can be traded on virtually any charts. It is recommended to have a minimum account balance of $200 for 1 pair or $1000 if you are using all 5 recommended pairs. It works best on 30-minute time frames, and the user is required to add their account balance on the Initial_Deposit input parameter. It is recommended to use a low-spread broker like IC Markets, and it is best to run this EA 24/5 on a forex VPS.

Forex99 EA Activity
Forex99 EA Activity

One of the strengths of the Forex 99 EA is its focus on using reliable technical indicators to find profitable trades, and it does not rely on any dangerous trading strategies. However, one weakness of this EA is that it may not be suitable for all traders, especially those who prefer to use fundamental analysis to make trading decisions. It may also require some level of experience to understand and configure the customization options and settings correctly.

Overall, if you are a technical trader and prefer to use technical analysis to make trading decisions, the Forex 99 EA may be a viable option. However, it is essential to demo test the EA and apply good risk management settings before using it on a live account. The Forex 99 EA is best suited for intermediate to advanced traders with a moderate to high-risk tolerance.

Forex 99 EA Features

  • Built on Keltner channels and RSI technical indicators
  • Trade logic based on price channel breakouts and RSI levels
  • Protection against excessive spread and slippage
  • Stop loss and take profit orders for all open trades
  • Possibility to use trailing stops to lock in profit
  • Multiple customization options and settings
  • No dangerous strategies like martingale or hedging
  • Recommended for GBPUSD, USDJPY, EURUSD, AUDUSD, AUDJPY
  • Minimum account balance of $200 for 1 pair, $1000 for all 5 recommended pairs
  • Works best on 30M time frames
  • Initial deposit input parameter
  • Low spread broker recommended
  • Recommended to run 24/5 on a VPS.

Forex 99 EA Settings

  • AutoStart – Determines whether the EA will start trading on fully automatic mode or not.
  • OrderExpiry_Hrs – The breakout orders stop order, which will be deleted if not triggered within 4 hours.
  • SlowMode – Determines whether the EA is on slow mode for stable profit or fast mode for aggressive but unstable profit.
  • Start_Lot – The lot size for a trade if Auto_Lot_Calc is false.
  • OrderControl – The number of bars to wait before opening a new order.
  • GapBTWorders – The minimum gap between two successive orders.
  • TP_Points – The take profit level for a trade.
  • TrailingStart – The floating profit level at which the trailing stop will begin.
  • TrailingGap – The gap between the trailing stop and the current price.
  • Auto_Lot_Calc – Determines whether the start_lot size is based on the account balance or set by the user.
  • Risk_Percentage – When Auto_Lot_Calc is true, the start_lot size will be calculated based on equity.
  • Close_atEquityPErcentage – All orders opened by the EA will be closed when the profit exceeds 10% of the initial deposit in multiple charts.
  • KC_Breakout_Period – The Keltner Channel period for breakout calculation.
  • KC_Intermediate_Period – The Keltner Channel period for intermediate orders.
  • KC_Nonbreakout_Period – The Keltner Channel period for non-breakout orders.
  • RSI_SellLimit – The RSI value for sell orders in fast mode.
  • RSI_BuyLimit – The RSI value for buy orders in slow mode.
  • SpreadLimit – The maximum spread value to place orders to protect against high volatility.
  • Initial_Deposit – The Close_atEquityPercentage is calculated based on the initial deposit.
Forex 99 EA Settings
Forex 99 EA Settings

Forex 99 EA Summary

The Forex 99 EA is a Metatrader 4 trading robot that uses the Keltner channels and RSI technical indicators to find trade opportunities. It has multiple customization options and settings, and it doesn’t use any dangerous trading strategies like martingale or hedging. One of its strengths is its reliance on reliable technical indicators to find trades, but a weakness is that it may not be suitable for all traders who prefer fundamental analysis.

It is important to demo test the EA and apply good risk management settings before using it on a live account. The Forex 99 EA is best suited for intermediate to advanced traders with a moderate to high-risk tolerance.

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