The Profit Maker V3 EA is a fully automated trading system designed to help traders execute trades on the MetaTrader 4 platform. This EA is designed to work with the EURUSD currency pair on the 30-Minute time frame. In this review, we will examine the Profit Maker V3 EA and its strategy, features, and settings. By the end of this review, readers will have a better understanding of whether this EA is suitable for their trading needs and objectives.
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Profit Maker V3 EA Strategy
The Profit Maker V3 EA is an automated trading system that is designed to execute trades in the EURUSD currency pair on the 30-Minute timeframe. It operates on the popular MetaTrader 4 platform, making it accessible to a broad range of traders. The EA uses a proprietary algorithm based on several triangular moving average (TMA) parameters to analyze the market and identify entry points.
One of the key strengths of the Profit Maker V3 EA is its ability to operate autonomously, with no input required from the trader once it is set up. This means that even traders with limited time or experience can use the EA to participate in the markets. Additionally, the EA uses a trailing profit approach to protect against losses.
However, it is important to note that the Profit Maker V3 EA has only been optimized for the EURUSD currency pair, which could limit its usefulness for traders who prefer to focus on other instruments. Also, the Profit Maker V3 EA’s proprietary trading strategy is not fully transparent to the user.
To mitigate risk, traders are advised to demo test the Profit Maker V3 EA and apply appropriate money management strategies. Overall, the Profit Maker V3 EA is worth considering for traders who want a fully automated approach to trading the EURUSD currency pair.
Profit Maker V3 EA Features
- Fully automated trading system
- Uses triangular moving average (TMA) parameters to identify entry points
- Customizable schedule to start and stop at specific times of the day or week
- Does not use high-risk trading strategies such as martingale or grid trading
- Compatible with the MetaTrader 4 platform
- Designed for the EURUSD currency pair
- Optimized for the M30 time frame
Profit Maker V3 EA Settings
- Magic numbers – This is a unique identifier for the EA’s trades, which allows you to differentiate between trades opened by different EAs or by different instances of the same EA on the same account.
- Lot sizes used – This setting determines the size of the position the EA will take in the market.
- Mode of calculation – This setting determines which mode of calculation is used for the TMA, such as simple, exponential or smoothed.
- TMA settings – This setting allows you to adjust the TMA parameters to suit your preferences. The user can set the period, shift and type of TMA used by the EA.
- Max number of open orders – This setting controls the maximum number of positions the EA can have open at any one time.
- FixLot: This setting specifies the fixed lot size used for each trade.
- TakeProfit: This setting specifies the target profit level for each trade.
- StopLoss: This setting specifies the target loss level for each trade.
- Start every day Hour – This setting specifies the hour of the day when the EA will start trading.
- Start every day Minute – This setting specifies the minute of the hour when the EA will start trading.
- Stop session every day Hour – This setting specifies the hour of the day when the EA will stop trading for the day.
- Stop session every day Minute – This setting specifies the minute of the hour when the EA will stop trading for the day.
- Stop Hour Friday – This setting specifies the hour of the day when the EA will stop trading on Fridays. This is typically earlier than the stop time on other days of the week.
- Stop Minute Friday – This setting specifies the minute of the hour when the EA will stop trading on Fridays.
Profit Maker V3 EA Summary
The Profit Maker V3 EA is an automated trading system that uses a proprietary algorithm to identify profitable trades in the EURUSD currency pair. Its strengths include its fully automated nature, and customizable trading schedule.
Its weakness is that it has only been optimized for one currency pair and is heavily dependent on the triangular moving average (TMA) indicator. The EA is worth considering for traders who want a hands-off approach to trading. However, it is important to demo test and apply good risk management settings before using the EA.
I’m a self-confessed Forex geek who spends countless hours researching, testing, and reviewing everything related to trading. With many years of experience in the Forex industry—and thousands of robots, brokers, strategies, and courses put to the test—I’ve seen what works and what doesn’t. My goal is simple: to share that knowledge with you for free, so you can navigate the exciting (and sometimes crazy) world of Forex trading with more confidence.
