FoldX EA MT4 with SetFiles (Platform build 1431+)
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What is FoldX EA?
FoldX EA is an automated trading system designed to profitably capitalize on market trends. The Expert advisor (EA) uses a simple trading algorithm focused on identifying and exploiting profitable opportunities in the forex market.
FoldX EA Features
Expert advisors integrate many core features and have proven trading performance, including:
1. Key features:
- Trend following strategy: The EA primarily tracks market trends, entering trades when the market aligns with the prevailing trend.
- Using technical indicators: The EA uses a combination of Moving averages, RSI and Bollinger Bands to identify potential entry and exit points.
- Dynamic risk management: The EA adjusts position size based on account balance and market conditions to effectively manage risk.
- Fast order execution: The EA executes orders quickly to minimize slippage and maximize efficiency.
- RSI confirmation: The EA waits for RSI to confirm oversold or overbought conditions before executing a trade, adding an extra layer of confirmation.
- Bollinger band breakout strategy: The EA triggers a trade when the price breaks out of the Bollinger Bands, indicating a potential trend reversal or strong momentum.
2. Additional features:
- User-friendly interface: The EA is designed for both beginners and experienced traders.
- Flexible multi-timeframe compatibility: The EA can be used in multiple timeframes, allowing users to adapt to different trading styles.
- Support for multiple currency pairs: The EA is compatible with major currency pairs, providing flexibility in trading options.
- Profitable trading opportunities: The EA’s intelligent algorithm identifies and capitalizes on profitable trading opportunities.
- Automatic trading execution: The EA automatically executes trades, eliminating the need for manual intervention and reducing the risk of emotional trading.
FoldX EA MT4 Review
Effective trading advisor and better risk management, investors should consider minimum deposit reminder $200, choosing a low-deviation broker is an important factor to optimize profits 1:500 is recommended.
Expert advisors can easily change system settings, low risk, high risk, medium risk levels, helping users proactively increase profits and trading risk levels as desired.
FoldX EA Backtests
FoldX EA Backtest
FoldX EA MT4 Backtest
Trading Specifications
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | H4 (Any) |
| Currency pairs | GBPUSD, EURUSD |
| Minimum / Recommended deposit | $200 / $10 Cent |
| Minimum / Recommended leverage | 1:500 |
| Setup files | Available |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, HTFX Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
>>> Reviewed by David Easton
What’s in the package?
The download package of the product suite includes:
- Experts: FoldX EA (Official version).ex4
- Presets: GBPUD-EURUSD.set
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User Reviews
Only logged in customers who have purchased this product may leave a review.
1. What is FoldX EA?
FoldX EA is an automated trading system designed to trade forex based on market trends.
2. What are the benefits of using FoldX EA?
FoldX EA offers features like trend following strategy, technical indicators, risk management, fast order execution, and automatic trading.
3. What trading strategy does FoldX EA use?
FoldX EA primarily uses a trend-following strategy with confirmation from technical indicators.
4. What technical indicators does FoldX EA use?
FoldX EA uses Moving Averages, RSI, and Bollinger Bands to identify entry and exit points.
5. How does FoldX EA manage risk?
FoldX EA uses dynamic risk management by adjusting position size based on account balance and market conditions.
6. Is FoldX EA easy to use?
Yes, FoldX EA is designed for both beginners and experienced traders with a user-friendly interface.
7. What is the minimum deposit required for FoldX EA?
While FoldX EA can function with $200, a minimum deposit reminder of $200 is recommended.
8. What leverage is recommended for FoldX EA?
A leverage of 1:500 is recommended for FoldX EA, but it's important to choose a low-deviation broker to optimize profits.
9. What currency pairs does FoldX EA work with?
FoldX EA is compatible with major currency pairs, including GBPUSD and EURUSD.
10. Does FoldX EA require a VPS?
No, VPS is not mandatory, but MyfxVPS.com is recommended for its low latency and free trial.
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