Forex trading can be a daunting task, especially for beginners who lack experience and knowledge. However, with the advancements in technology, traders can now use automated trading software to simplify their trading process. The Universal Indicator EA is one such tool that can help traders automate their trading process and improve their account performance in the financial market. In this article, we will take a closer look at the Universal Indicator EA and its benefits for forex trading.
Universal Indicator EA
The Universal Indicator EA is an expert advisor designed to work with any indicator on the Meta Trader 4 platform. It is a versatile tool that can be used to trade a variety of different strategies in any currency pair. The EA comes with a set of default parameters that are optimized for the most common indicators, but traders can also adjust them to fit their specific needs.
Universal Indicator EA Features
- EA version 12.3
- Trades on Major Pairs
- Can be use for different Timeframes.
- Can only be used for MT4.
- It follows your trading indicator parameters.
- It Uses Martingale in placing trades.
- Fully automated trading strategy.
- Customizable settings including optimized preset files.
Universal Indicator EA Strategy
- Using default CyberZingFx ZigZag Indicator: This mode involves using the default CyberZingFx ZigZag indicator that comes with the EA to generate signals for trading. The EA will automatically place buy and sell orders based on the signals generated by the indicator.
- With your Custom Indicator: This mode allows you to use your own custom indicator to generate trading signals. You can input the settings for your indicator into the EA, and it will use those signals to place trades automatically.
- Manual Buy and Sell: This mode allows you to manually place buy and sell orders through the EA. You can use the EA to monitor market conditions and execute trades manually based on your own analysis.
- Manual Buy/Sell Martingale: This mode is similar to the manual buy and sell mode, but it incorporates a martingale strategy. This means that if a trade is lost, the EA will increase the position size for the next trade in an attempt to recoup the losses.
- Autotrade Martingale: This mode is fully automated and uses a martingale strategy. The EA will automatically place trades based on signals generated by the indicator and will increase position sizes for subsequent trades if losses are incurred.
- Autotrade Hedging: This mode is also fully automated and uses a hedging strategy. The EA will automatically place trades based on signals generated by the indicator, and if a trade is in the negative, it will open a hedge trade in the opposite direction to reduce losses.
Review of Universal Indicator EA
- The Universal Indicator EA is a packed forex system that provides essential and timely information about market conditions. It is easy to use and generates buy and sell signals based on the indicator readings. Traders can also customize the settings of the EA to suit their own trading style. The EA is constantly updated with new features and improvements, and traders can try it out for free with a demo version before committing to a purchase.
Free Download of Universal Indicator EA
- The Universal Indicator EA is available for free download for traders who want to try it out before committing to a purchase. It is an easy-to-use tool that automatically places selected indicators on the charts.
The Universal Indicator EA is a valuable tool for both beginner and experienced traders. It simplifies the trading process, improves account performance, and saves traders time. Its versatility and flexibility make it suitable for a variety of different trading strategies, and its constant updates ensure that it remains a good and up-to-date tool for forex trading. Just always keep in mind that past results are by no means any indication of future performance.
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.