Review - Consistent Forex Bot Premium MT4 - free forex scalping robot

Review - Consistent Forex Bot Premium MT4 - free forex scalping robot 88.0

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C O N S I S T E N T F O R E X B O T P R E M I U M​

Consistent Forex Bot is the most innovative Forex Robot that can assist you in achieving your realistic profit goal faster than you ever thought possible. It's for the highly sophisticated and conservative trading and investing professionals like you. It will allow you to begin trading immediately. It will allow you to trade while you gain experience and master more sophisticated trading strategies. With this EA you will be amazed at the speedy 180-degree turn of your trading venture. Be the person you really deserve and is destined to be a high performer.​

V E R Y I M P O R T A N T​

  • Start the EA in the Asian session only. If you don't, you could get in trouble.
  • Test this EA for a month without interruption to experience the gift it gives.
  • This Expert Advisor is not compatible alongside any other EAs within the same account. As part of the financial management program, it calculates and monitors the Margin Level percent and assumes that all trades are generated by it.
  • The BACKTEST experience will never be exactly the same as real trading due the spread fluctuations, particularly at the close of each trading day. Additionally, this is a multi-currency EA and can execute 29 pairs. That includes the Gold. If you do decide to back-test, adjust/increase the amount of analysis mode to adapt with your broker.
  • FORWARD TEST using demo accounts is the best method to learn how the EA performs. Be sure to pay attention to what it does because you can learn a few tips that you can use in case you want to separately trade manually.
  • It is only compatible with ECN accounts with tight spread. It works with any broker's speed, however under 100ms is the ideal speed.
  • If you experience any issues don't contact me privately. Report the issue to the Comment section instead in order that other users with the same issue can see the answer and solution.
  • Run the EA 24/5. It opens trades in all times. Sometimes you need to wait for trades to close several hours or even days.

F E A T U R E S​

  • This EA introduces you to an unusual and radical overhaul of existing Forex knowledge-based framework. If you observe it closely, the way it operates is completely opposite to what the overwhelming majority of people believe about technical trading.
  • Entry Plan: It uses an unusual price action accompanied by an exclusive analysis and strategy that is not available anywhere else, not even on the Internet.
  • Exit Plan: Sequence Method is used (or Cycle Method). The basic discussion of this can be found in the Book. "Uncharted Stratagems: Unknown Depths of Forex Trading".
  • It analyzes 29 currency pairs at once and open orders if there's an possibility.
  • The EA detects opportunity and opens trades 24/5.
  • Proper StopLoss is used for the best protection. At some point, the EA may need to change the StopLoss settings automatically. If StopLoss is not hit, it is likely it is running in line with the trend and earns the possibility of making a profit.

A P P L I C A T I O N​

  • On backtesting, use Gold.
  • In the event of actual trading, connect the EA to one chart only, at EURUSD on the D1 timeframe. It will automatically scans all 29 pairs immediately.
  • The initial capital should not be less than $1000. A minimum of $3,000 is recommended.

S Y S T E M R E Q U I R E M E N T S​

  • Account Currency: Tested in USD.
  • Minimum Capital: US$1,000
  • Leverage: Maximum of 1:500. Not tested with other leverage. Test the demo version using a lower leverage.
  • Type of Account: ECN, Micro Account with a minimum lot size of 0.01.

M O N E Y M A N A G E M E N T F O R M U L A​

Please see Params
Lots = (Account Balance / MM) * Baselotsize

For instance when MM = 1000 it means for every $1000 in the fund that a 0.01 (Base Lotsize) is used to trade.​

P A R A M E T E R S​

  • Money Management 1. To use the first strategy. Use to divide the Account Balance then to be multiplied with the base lot size.
  • Money Management 2: For the 2nd strategy.
  • Make Profit from Points Use default.
  • Stop Loss of Points Use range from 50 to 1,500 points. Based on your backtest. You could also choose to use the default value if you are using ECN micro account.
  • Margin Limits:If free margin percentage available is greater than the value of this parameter the EA will start the trade.
  • Server Timezone: The default timezone for HTML1 is 2.Default is 2 since my broker is in GMT+2. Change if your broker has different zones.
  • Analysis Mode: Use range from 50 to 300. This is a private analysis. It is recommended to increase the backtesting frequency in order to determine the appropriate setting with your broker.
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