FX JetBot EA is an automated system that works on specific forex pairs. The EA isn’t available on the MQL marketplace, and you need to download it from third-party sources like the developer’s website.
In this article, we’ll look at the FX JetBot EA, how it works, its strategy, and its features.
FX JetBot EA Strategy
The FX JetBot EA is an automated trading system designed to trade on several currency pairs, including EUR/USD, EUR/JPY, USD/CAD, AUDUSD, and EUR/GBP, across all timeframes.
The system utilizes a fixed lot size for its trading strategies, meaning it will trade with the same lot size regardless of the account balance or market conditions.
The FX JetBot EA uses a virtual exit strategy, meaning the system does not employ traditional stop-loss or take-profit orders. Instead, it relies on advanced algorithms to determine the best time to exit a trade based on various technical and fundamental factors.
The developers of FX JetBot EA do not provide specific details about the system’s trading strategy on their website.
Since the system uses a fixed lot size and a virtual exit strategy, it likely relies on technical indicators or fundamental analysis to make trading decisions.
The system may use a combination of indicators such as moving averages, MACD, RSI, Bollinger Bands, and others, along with price action analysis, to identify trends and potential entry and exit points.
The lack of information regarding the specific trading strategy FX JetBot EA uses can be seen as a drawback for some traders. Without knowing the specific indicators or methods the system uses, you may not clearly understand how the system works.
Additionally, using a fixed lot size may not be suitable, as it may not work in all market conditions. In some cases, the market conditions may be favorable for larger trades, and trading with a fixed lot size may mean missing out.
The FX JetBot EA works with any broker or account type, and the developers didn’t mention that it requires a forex VPS for the strategy. Although it is recommended to use a VPS for any forex EA as it allows the EA to operate smoothly.
FX JetBot EA Features
- The EA works on EUR/USD, EUR/JPY, USD/CAD, AUDUSD, and EUR/GBP and works on all timeframes.
- The developers didn’t mention the strategy the EA uses.
- It is available for MT4 and MT5 and comes in a single pack.
- The EA works with every forex broker’s MT4 and MT5 platforms.
- FX JetBot requires a minimum balance of $190.
FX JetBot EA Summary
FX JetBot EA is an automated trading system that trades five currency pairs across all timeframes.
The system uses a fixed lot size and a virtual exit strategy, which allows it to manage risk.
While the developers of FX JetBot EA do not disclose the specific trading strategy used by the system, it likely employs a combination of technical and fundamental analysis to identify trades.
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