The Snake Crazy Pro EA is a trading system that uses the ADX Indicator with multiple strategies (11 Strategies in 1 EA) to determine entry and exit points in the market.
In this review, we will take an in-depth look at the strengths and weaknesses of this EA, and the importance of applying proper risk management settings. By the end of this review, you will have a comprehensive understanding of the Snake Crazy Pro EA and be able to make an informed decision about whether it is the right tool for your trading needs.
Snake Crazy Pro EA Strategy
The Snake Crazy Pro EA is a trading system that employs the Average Directional Movement Index (ADX) indicator and incorporates multiple strategies (11 Strategies in 1 EA) to identify entry and exit points in the market. The EA focuses on four currency pairs: EURUSD, GBPUSD, AUDUSD, and EURGBP, and uses the M15 timeframe.
Here is the list of the 11 strategies for The EA:
- If DI+ is greater than DI-, then buy.
- If DI- is greater than DI+, then buy (reverse of strategy 1).
- If DI+ is greater than a specified level, then buy.
- If DI- is greater than a specified level, then buy (reverse of strategy 3).
- If Adx is greater than a specified level, then buy and sell based on whether DI+ or DI- is higher.
- If Adx is less than a specified level, then buy and sell based on whether DI+ or DI- is higher (reverse of strategy 5).
- If Adx is greater than a specified level and DI+ is greater than DI-, then buy.
- If Adx is less than a specified level and DI+ is greater than DI-, then buy (reverse of strategy 7).
- If DI+ is greater than Adx and greater than a specified level, then buy.
- If DI- is greater than Adx and greater than a specified level, then buy (reverse of strategy 9).
- Open trades manually based on your own analysis and strategy.
One notable feature of the Snake Crazy Pro EA is that it does not utilize arbitrage or breakout strategies, which makes it less susceptible to slippage, a common problem in the forex market. The EA is designed to work with the MetaTrader 4 platform, and a minimum balance of $100 is recommended by the developer.
Another feature is the use of the ADX indicator. This technical analysis tool measures the strength of a trend, making it a useful tool that enhances the EA’s ability to analyze market trends and potentially identify trades.
One potential weakness of the Snake Crazy Pro EA is that it does not utilize arbitrage or breakout strategies. While this can reduce the risk of slippage, it may also limit the EA’s ability to capitalize on specific market conditions. For example, breakouts can occur when prices move outside a defined range, potentially creating significant profit opportunities. By not utilizing breakout strategies, the Snake Crazy Pro EA may miss out on these opportunities.
Snake Crazy Pro EA Features
- Uses the ADX indicator in combination with multiple trading strategies (11 Strategies in 1 EA) to identify entry and exit points in the market.
- Works on four currency pairs: EURUSD, GBPUSD, AUDUSD, and EURGBP.
- Operates on the M15 timeframe.
- Compatible with the Metatrader 4 platform.
- A minimum account balance of $100 is recommended.
- Does not use arbitrage or breakout strategies.
- Has a high resistance to slippage due to its trading approach.
- Offers the ability to customize settings such as lot size, maximum spread, and stop loss levels.
Snake Crazy Pro EA Settings
- Lot: lot amount with auto lot disabled
- Autolot: Enable Autolot or disable it
- Risk: risk for auto lot calculation
- Magic Number: id for identifying Ea orders
- Spread Allowed: spread limit, over no trade, will be open
- Max Orders: Maximum number of orders
- Max Lot: Maximum lot size for trade (0 for disable)
- Open New Series: if true, allow to open new series of trades
- Enable Buy: Enable Buy Trade
- Enable Sell: Enable Sell Trade
- Enable Fixed Trading Hour: if true, change from recommended trading hours to your preferred trading hours
- Fixed Start Hour: hour for start trading
- Fixed Start Minute: minute for start trading
- Fixed Stop Hour: hour for stop trading
- Fixed Stop Minute: minute for stop trading
- Close out of hour: Close when the trading time is over
- Close Friday night: Close when Friday is over
- Close Friday hour: Hour for close Friday
- Lot increase management: a method for lot increase
- Lot grid increase: Position increase coefficient
- Minimum Distance: Minimum Distance For secondary Positions
- Minimum Distance Multiplier: Multiply the Minimum Distance Number with this number for Each Trade
- One Trade Bar Grid: if true, the robot can open only one trade for the bar for grid orders.
- Timeframe Secondary Order: Timeframe for secondary Trades.
- Take Profit: take profit from orders
- Modify Take Profit for First Order: Use a different take profit for the first order
- Take Profit for first order: take profit for first order
- Close only end of the bar: close trades only at the end of the M1 bar
- Enable Max Money Loss: Enable Loss Limit in money
- Every Microlot: Multiply the amount of “money max loss” x 100 x lot
- Stop Trading When Hit: Stop Trading when you hit the max loss
- Maximum Monetary loss: Maximum Monetary Loss amount
- Trade Comment: trades comments
- Adx Period: Adx indicator Period
- Adx Price: Adx Applied Price
- Adx Main Level: Adx Main Level
- Adx Up Level: Level above which EA sells or buy
- Adx Down Level: Level above which EA sells or buy
- Adx Timeframe: Timeframe for applied Adx
- Change Chart Color: Allow EA to change the chart color
- Show Panel: Show Panel info
Snake Crazy Pro EA Summary
Snake Crazy Pro EA is a trading system that uses the ADX indicator and 11 different strategies to determine entry and exit points in the market. It operates on four currency pairs in the M15 timeframe on the MetaTrader 4 platform. The EA is highly resistant to slippage since it does not use arbitrage or breakout.
It has weaknesses, such as limiting the EA’s ability to capitalize on specific market conditions. However, back testing the EA and applying good risk management settings is recommended. The EA is for traders looking for an automated trading robot that uses multiple strategies or the ADX indicator.
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