Rocket EA

The Rocket EA is an expert advisor developed by TulipFX that offers a fully automated trading strategy to traders. It trades at least once during its daily trading window. In this article, we will review Rocket EA’s strategy, features, and settings. By the end of this article, you will have a clear understanding of how the Rocket EA and whether it’s worth investing in.

Rocket EA Strategy

The Rocket EA is an automated trading software designed to execute trades on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Rocket EA uses technical indicators and price action to analyze the markets, identify potential trading opportunities, and execute trades based on the swing movement established during the Asian trading session.

Rocket EA
Rocket EA

It also uses a grid trading strategy, which involves placing multiple buy and sell orders at predetermined intervals, creating a grid of positions to capture price movements. The Rocket EA is designed to trade a variety of currency pairs, including major pairs, minor pairs, and indices on multiple timeframes.

However, one of the weaknesses of the Rocket EA is its reliance on technical analysis tools, which can be less reliable during market volatility. Even though the grid strategy has the potential for high ROIs, it also has the potential to generate large drawdowns, and if the market moves against the trader, the grid can become trapped and losses can accumulate quickly.

Rocket EA is worth considering for traders who are looking for a way to diversify their portfolio by trading multiple currency pairs and timeframes simultaneously. However, there is no guarantee of profitability, and traders should exercise caution when using the Rocket EA. It is important to demo-test the EA with appropriate risk management settings before using it on a live account to mitigate loss.

Rocket EA Features

  • Fully automated trading: The Rocket EA can place trades automatically on your behalf, based on pre-set parameters.
  • News filter: The EA has a news filter that allows traders to avoid trading during high-impact news events, minimizing the risk of unexpected price fluctuations.
  • 24/7 trading: The EA can monitor the markets and execute trades 24 hours a day, 7 days a week, even when you’re not actively trading.
  • User-friendly interface: The Rocket EA comes with a user-friendly interface that allows you to easily monitor and manage your trades.
  • Customer support: The EA comes with customer support that helps traders with any questions or issues they may have when using the EA.

Rocket EA Settings

  • MM_Setting: Money management setting to control the lot size of each trade.
  • StartLotSize: The initial lot size of the first trade.
  • EnableAutoLot: This allows the EA to calculate the lot size based on account balance and risk percentage.
  • MarginPercent: Percentage of the account balance to use as margin.
  • MaxRisk: Maximum risk percentage per trade.
  • MaxLotSize: The maximum lot size allowed per trade.
  • MultipleTrades: Allows the EA to open multiple trades.
  • OppositeDirectionOn: Allows the EA to open trades in both directions (long and short) simultaneously.
  • EnableRange_Filter: Filters trade based on the specified range.
  • Range_FilterPeriod: The period to use for range filtering.
  • SpreadFilterPips: Filters trade based on the specified spread value in pips.
  • MaxSlippagePips: Maximum allowable slippage in pips.
  • Trading_TP_SL: Allows the user to set a take profit and stop loss for trades.
  • BasicMagicNumber: An identification number used to identify trades.
  • TradeComment: A custom comment for trades.
  • Grid_Setting: Allows the EA to use a grid strategy.
  • GridStep: The distance between each grid trade.
  • GridMultiplier: The multiplier to use for each grid level.
  • GridSize: The maximum number of trades in the grid.
  • GridStopLossPips: The stop loss value for the grid.

Rocket EA Summary

The Rocket EA is a fully automated trading robot designed to automate trading on the MetaTrader 4 (MT4) platform. Its main strengths are its advanced algorithms, which can analyze market data and make trading decisions. However, Rocket EA has some weaknesses as well. It is not infallible, and its performance depends on market conditions. Additionally, the EA requires the user to have a good understanding of forex trading and risk management, as improper use can lead to losses.

The Rocket EA is worth considering for experienced Forex traders who have a good understanding of the market and are willing to take risks. Before deciding whether to use the Rocket EA, it’s important to test it thoroughly on a demo account before using it on a live account to avoid losses.

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