The Wise EA is a fully automated forex trading robot that is designed for traders for generating potential trades in the forex market. This software uses complex algorithms and mathematical models to analyze market trends and execute trades based on pre-defined criteria. Wise EA operates 24/7 and constantly monitors the market. What sets Wise EA apart from other trading robots is its ability to learn and adapt to changing market conditions.
Wise EA Strategy
Wise EA’s trading strategy is based on a combination of technical analysis, fundamental analysis, and artificial intelligence. It uses complex algorithms and mathematical models to analyze market trends and identify potential trading opportunities.
Here are some key features of Wise EA’s trading strategy:
- Technical Analysis: Wise EA uses technical indicators such as moving averages, trend lines to analyze price movements and identify trends in the market. It also uses candlestick patterns to identify potential reversal points in the market.
- Artificial Intelligence: Wise EA uses machine learning and artificial intelligence to continually refine its trading strategy and adapt to changing market conditions. It analyzes historical data to identify patterns and trends that can be used to make more accurate predictions about future market movements.
- Risk Management: Wise EA’s trading strategy also includes risk management measures such as stop-loss orders and position.
Wise EA Features
- Wise EA requires a minimum account balance of $1000 to use, as mentioned by the developer.
- It is optimized to work best with major currency pairs, including EURUSD, GBPUSD, USDCAD, AUDUSD, USDJPY, and USDCHF, but can work with any pair.
- The software is optimized for the M15 timeframe but can also work on any other timeframe.
- To achieve the best results, a low spread ECN account is recommended.
Wise EA Settings
- CurrencyPairs Forex Pairs
- LotSize 0.1
- MaxOpenTrades 13
- TargetProfitForAllOpenTrades 3.3
- Distance BetweenEach Trades 13.0
- HeickenAshiCandleSecurity true
- LotincrementSystem false
- LotMultiplier 2.0
- AllOpenTradesInProfitClosing true
- StopLossPips 0.0
- TakeProfitPips 0.0
- Slippage 5.0
- ‘’ ‘’ Money Management
- MoneyManagement false
- AccountBalanceRiskPercent 2.0
- MaximumLotsizeEACanUse 333.0
- EnforceStopLoss OnAllOpenTrades true
- SLPercentOfAccount 30.0
- WaitingHoursAfterSLEnforced 6
- EquityProtectionLimit 0.0
- MaxSpreadPoints 50.0
- TradeSLMovementType None
- TrailingStop 53.0
- BreakEven 33.0
- AlertSwitch true
- MagicNumber 737222
- TradeComments WISE_EA
- ExternalIndicator1 TLINE Indicator
- ExternalIndicator2 Qcandle
- Allowed Trades Both Trades
- ‘’’’ GMT Time Range For Each Day of Week
- GMTOffsetCountryWise 5
- Is GMTPlus true
- Monday_Starting_Hours 1
- Monday Terminating_Hours 23
- Tuesday_Starting Hours 1
- Tuesday_Terminating_Hours 23
- Wednesday_Starting_Hours 1
- Wednesday_Terminating_Hours 23
- Thursday_Starting Hours 1
- Thursday Terminating_Hours 23
- Friday_Starting Hours 1
- Friday_Terminating_Hours 23
Wise EA Summary
Overall, the Wise EA execute trades based on pre-defined criteria and its trading strategy is based on a combination of 3 different analysis including technical, fundamental and the artificial intelligence. This forex robot monitors the market changing conditions using machine learning and AI. Its risk management measures, such as stop-loss orders and position sizing, are designed to minimize drawdowns.
However, it’s important to note that while Wise EA can be a useful tool for traders, there is no guarantee of profits, and it’s essential to use proper risk management techniques. To test the software, traders can use a demo account before using it with real money.
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.