Thunderbird EA

As an active forex trader, I continually explore the latest and most promising trading tools available. Recently, I discovered an intriguing automated forex trading tool known as Thunderbird EA. In this article, we will delve into the features, pricing, trading strategy, and performance of Thunderbird EA.

What is the Thunderbird EA

Thunderbird EA is an advanced automated forex trading Expert Advisor (EA), specifically tailored to support traders in the forex market using its sophisticated price action-based algorithm. Designed for MetaTrader 4, this Forex robot incorporates two unique strategies utilizing the well-known stealth technology. Besides the conventional stop loss and take profit target input options, the EA offers an additional feature to apply equity safety filters, protecting the account from substantial drawdowns.

Key Features of the Thunderbird EA

  • Automatic trading: Thunderbird EA eliminates the complications associated with manual trading by automating the entire procedure, enabling traders to concentrate on other crucial aspects of their trading profession.
  • Engineered for MT4: The EA is specifically designed for the MT4 platform, catering to the needs of traders who utilize this popular trading software.
  • Works best on the 5-minute charts: The trading tool is most effective when used with 5-minute timeframes, where it can analyze and execute trades optimally.
  • Should work on any time frame: The trading tool is versatile and can function effectively on various timeframes, providing flexibility for different trading styles and preferences.
  • Recommended minimum account balance: $150: This suggests that the suggested minimum amount to have in your trading account for optimal performance with this tool is $150, ensuring adequate capital for trading and risk management.
  • Works on unlimited demo accounts: The trading tool can be used on an infinite number of demo accounts, allowing users to practice and test the tool’s performance without risking real money.
  • Works on unlimited live accounts: The trading tool can be employed on numerous live accounts, providing users the freedom to manage multiple trading accounts with the same tool.

EA Pricing and Rental Options

Thunderbird EA, with a price tag of $99, offers an economical choice for traders interested in acquiring an automated forex trading tool. No rental options are provided; the EA can only be purchased for a one-time fee.

EA Trading strategy, leverage required, and Market Performance

Thunderbird EA necessitates a 1:500 account leverage, and there is no particular recommendation regarding the account type needed for the EA to optimally execute its strategy. The EA employs a mix of advanced historical data analysis and price action. Although the EA was extensively backtested using a demo account and demonstrated good performance, this does not guarantee future results. Therefore, when using this EA, it’s essential to understand the risks associated with employing EAs in the forex market.

Thunderbird EA Pros & Cons

Pros

  • Affordable pricing at $99
  • Automatic trading, which saves time and effort for traders.

Cons

  • Limited information about the developer
  • Lack of clarity on trading strategy and historical performance
  • No mention of rental options or support services

Conclusion

Thunderbird EA seems to be an attractive automatic forex trading tool, offering high profitability and accessible pricing. However, the limited information about the developer, trading strategy, and performance raises some concerns. Traders interested in Thunderbird EA should conduct further research and, if possible, test the EA on a demo account before committing to a live trading environment. As always, it’s essential to approach any trading tool with caution and manage your risk accordingly.

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