The Trio Dancer EA is a fully automated trading system that has gained a lot of attention in the forex trading community. The EA is built on technical indicators such as MACD, RSI, Stochastic, CCI, and moving averages. It uses these indicators to create a trading strategy that allows it to execute trades in the market automatically.
In this article, we will provide a comprehensive review of the Trio Dancer EA. We will delve into its features and examine its strengths and weaknesses. We will also focus on the risk management features of the EA, which are essential for protecting traders’ capital and minimizing potential losses.
Trio Dancer EA Strategy
The Trio Dancer 3 EA is an automated trading system designed to take advantage of market swings in the forex market. It uses technical indicators such as MACD, RSI, Stochastic, CCI, and moving averages to analyze the market and identify potential trading opportunities.
One of the strengths of the Trio Dancer 3 EA is its multiple trading strategies. The robot trades using three separate strategies:
- Trend-following strategy – this strategy involves identifying trends in the market and opening positions in the direction of the trend. The EA uses technical indicators like moving averages and MACD to identify trends and determine entry and exit points.
- Reversal strategy – this strategy involves identifying potential market reversals and opening positions in the opposite direction of the current trend. The EA uses technical indicators like RSI, Stochastic, and CCI to identify potential reversals and determine entry and exit points.
- Scalping strategy – this strategy involves opening and closing positions quickly in order to take advantage of small market movements. The EA uses technical indicators like MACD and Stochastic to identify short-term market movements and determine entry and exit points.
However, there are some potential weaknesses with the Trio Dancer 3 EA. The reliance on technical indicators may not always accurately reflect market conditions and there is always a risk of experiencing losses, especially in volatile or illiquid market conditions.
To manage risk, traders can adjust the lot size and stop loss levels to limit potential losses, and may also consider using a trailing stop to lock in profits. It’s also important to monitor the EA’s performance and adjust settings as needed.
Before using the Trio Dancer 3 EA with real money, traders should test it on a demo account. This allows them to become familiar with the EA and its performance in a risk-free environment. Traders should also carefully read and understand the instructions provided by the developer to ensure proper setup and usage of the EA.
Trio Dancer EA Features
Here are the features of the Trio Dancer EA:
- Fully automated trading system that executes trades automatically based on its trading strategies.
- Three different trading strategies – trend-following, reversal, and scalping – that adapt to different market conditions.
- Uses technical indicators like MACD, RSI, Stochastic, CCI, and moving averages to identify potential trading opportunities.
- Customizable settings and risk management parameters that allow traders to optimize performance.
- Can be backtested on historical data to evaluate performance under different market conditions.
- MyFXBook verified performance record.
- Includes stop-loss and take-profit features for managing potential losses and protecting capital.
- User-friendly interface for easy setup and use.
- Trades 24/7 to capture potential opportunities even when the trader is not available.
- Offers a free demo account for traders to test the EA’s performance and functionality before using real money.
Trio Dancer EA Settings
- Lot Exponent (Be MaxLots) – The lot size calculation method.
- MM – Enables or disables the money management feature.
- Bet Take Profit – The distance from the entry price where the EA will take profit.
- Use Equity Stop – Enables or disables the equity stop feature.
- Total Equity Risk – The percentage of equity that the trader is willing to risk.
- Close Friday (call Close Friday Hour) – The hour at which the EA will stop trading on Fridays.
- Open Monday (ai) Open Monday Hour – The hour at which the EA will start trading on Mondays.
- Max Trades Hik – The maximum number of open trades allowed.
- Use Trailing Stop_Hlo – Enables or disables the trailing stop feature.
- Trailing Start_1so – The distance from the entry price where the trailing stop feature will start.
- Trailing Stop L1so – The distance from the current price where the trailing stop will be set.
- Bet PpStep_Hto – The distance in points between the stop-loss and the current price.
- Magic Number Hio – The unique identifier of the EA’s trades.
- Max Trades_15 – The maximum number of open trades allowed.
- Use Trailing Stop_15 – Enables or disables the trailing stop feature.
- Trailing Stop_15 – The distance from the current price where the trailing stop will be set.
- Trailing Step_15 – The distance between the current price and the trailing stop.
- FpSep_15 – The distance from the entry price where the EA will take profit.
- Magic_175_15 – The unique identifier of the EA’s trades.
- Max Trades_16 – The maximum number of open trades allowed.
- Use Trailing Stop_16 – Enables or disables the trailing stop feature.
- Trailing Start_16 – The distance from the entry price where the trailing stop feature will start.
- Trailing Stop_16 – The distance from the current price where the trailing stop will be set.
- PpStep_16 – The distance in points between the stop-loss and the current price.
- Magic_176_16 – The unique identifier of the EA’s trades.
Trio Dancer EA Summary
Trio Dancer EA is a fully automated forex trading robot that utilizes multiple indicators to detect potential trading signals. Its strengths lie in its adaptability to different market conditions and its use of multiple strategies, providing users with a diversified approach to trading.
To maximize the EA’s potential, demo testing and implementing good risk management settings are recommended. The EA is suitable for experienced traders who are comfortable with the technical aspects of the software and understand the risks associated with automated trading.
While the EA may experience occasional drawdowns, these should be seen as a normal part of any trading strategy. Overall, the Trio Dancer EA can be a useful tool for traders seeking a fully automated trading solution.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
