The Kilimanjaro EA is an automatic trading robot which includes the official TheNomadTrader Dynamic engine system as well as a good risk to reward ratio. It allows traders to tell the EA how much time (X value in minutes) has passed before the EA can close trades using dynamic exit. This feature improves EA performance and is essential in crisis situations.
This Expert Advisor is available for purchase at the MQL marketplace whilst there is also a free demo version available for you to test the EA first before making any purchase. In this article, I will be taking a look at how the Kilimanjaro EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.
Following Trends with Kilimanjaro EA
Kilimanjaro EA trades the trend and enters the market using candlestick patterns and 4 moving averages crosses with fully optimized parameters to find the sweet spot to open trade. It also trades big movements and rides them when the market is the most volatile. Kilimanjaro is an expert advisor that is fully automated and has a secure stop loss level.
Following the trend is a trading strategy that involves identifying and following the direction of the prevailing market trend. In other words, it means buying an asset that is trending higher or selling an asset that is trending lower. The idea behind this strategy is that the trend is likely to continue, and traders can profit by riding the trend until it begins to reverse. The Kilimanjaro EA automatically scans the charts for buy and sell signals based on this strategy.
To use the trend-following strategy, traders typically use technical analysis tools such as moving averages, trend lines, and chart patterns to identify the direction of the trend. Once the trend has been identified, traders can enter positions in the direction of the trend, with the aim of profiting from the continued movement. However, the Kilimanjaro EA saves traders the stress of doing the bulk work manually.
There are several advantages to following the trend in trading. First, it can help traders to avoid taking trades that go against the prevailing market direction, which can lead to significant losses. Second, trend-following can help traders to capture large market movements, as trends can often last for an extended period. Finally, following the trend can provide a clear and objective trading strategy, as traders can base their decisions on the direction of the trend, rather than on subjective factors.
However, it is important to note that no trading strategy is foolproof, and there are risks involved in trend-following as well. For example, trends can reverse unexpectedly, leading to losses for traders who are caught on the wrong side of the trade. Additionally, trend-following strategies can result in missed opportunities in volatile markets, where trends can change quickly.
Kilimanjaro EA Features
- Without any prior configuration, it is ready to work.
- Account equity determines auto lot.
- It is compatible with any broker.
- It accepts three, four, and five-digit quotes.
- Secure each trade with a fixed stop loss.
Kilimanjaro EA is a trading robot which follows the prevailing trend of a market. It could be found interesting by traders who love riding trends. It is important, however, to note that past performance of an EA does not guarantee that the same EA would produce same results in the future. Traders may want to ensure that they test the free demo version of Kilimanjaro EA on a demo account before purchasing the robot and using it on their real accounts if they happen to be satisfied with it.
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.