Net89 EA

The Net89 EA is a completely automated Forex trading advisor. This robot is extremely simple. The robot is based on a one-of-a-kind entry and exit strategy, with low risks and drawdowns. It can track dozens or hundreds of securities quotes, perform the most complex calculations in real time, make a decision, and immediately open orders. It does not employ any dubious trading strategies (martingale, grid, locking).

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 Net89 EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Trading Requirements for Net89 EA with Default Settings

  • Works on GBPUSD.
  • Works on H1 timeframe.
  • Initial deposit of $300.

Benefits of Trading GBPUSD

GBPUSD is one of the most actively traded currency pairs in the foreign exchange market, with a daily trading volume in the trillions of dollars. Trading this currency pair can offer several benefits to traders, including:

  1. High liquidity: The GBPUSD currency pair is highly liquid, which means that there is always a significant amount of buyers and sellers in the market. This makes it easier to buy or sell the currency pair at any time without worrying about the availability of counterparties.
  2. Volatility: The GBPUSD currency pair is known for its volatility, which means that it experiences frequent price movements. This provides traders with opportunities to profit from both upward and downward price movements.
  3. Diversification: Trading GBPUSD can offer traders diversification benefits as it provides exposure to both the UK and US economies. This can help to spread out the risk and reduce the impact of any negative economic events in one country.
  4. Fundamental analysis: The GBPUSD currency pair is influenced by a range of fundamental factors such as interest rates, economic data releases, and political events. This provides traders with opportunities to use fundamental analysis to make informed trading decisions.
  5. Technical analysis: The GBPUSD currency pair is also popular among technical traders, as it tends to follow technical patterns and trends. This makes it possible to use technical analysis tools to identify potential entry and exit points for trades.
Net89 EA
Net89 EA

Net89 EA Setting Descriptions

  • Lot_in_relation_to_the_deposit– in this parameter, we indicate the volume of transactions opened by the robot in proportion to the size of the deposit.
  • Maximum_allowable_loss_in_points– specify the size of the Stop Loss. Indicated in points from the order opening price. If the price goes to a loss and reaches this value, the robot willclose the deal.
  • Desired_profit_in_points¬†– indicate the size of the Take Profit. Indicated in points from the order opening price. If the price goes up and reaches this value, the robot will close the deal.
  • TrailingStop– specify the size of the trailing stop in points.
  • Dynamic_pulse_changing_price– in this parameter we specify the size of the tick accumulation at which a trade will be opened. That is, if the price actively moves in a certain direction and decreases or increases with each tick, the robot will wait until the required number of ticks accumulates and opens a deal. Maximum_spread – the maximum spread at which the robot will open trades.
  • Unique_bot_number– robot magic number. This parameter helps the robot to determine which deals it opened and which deals were opened by another robot or manually. It is necessary to specify a unique value of this parameter for each robot launched on the terminal.

Conclusion

Net89 EA is a trading robot which could be found interesting by traders of all levels of experience. Some backtested results have been shown by the developer. 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 Net89 EA on a demo account before purchasing the robot and using it on their real accounts if they happen to be satisfied with it.

Free Forex Robot