Benefit EA Review Introduction
Trading Idea
Benefit EA automatically sets TP on a minimum number of points of the price without being discovered by the broker until all trades are closed with the ability to open the next series order manually then the EA will calculate the potentially profitable TP for the entire series and continue to work according to its core algorithm.
Benefit EA Criteria
License
1 License or 3 Licenses according to the version purchased.
Compatible Brokers
- Leverage 1:1000, 1:500
- Min lot = 0.01
- 5 decimal points
- Max lot for one order >= 100
- Max count of trades per one pair >= 30
IC Markets Forex Brokers are recommended!
Recommended Broker / VPS
XM Broker Account, IC Markets Raw Spread Account, or Tickmill ECN Pro or Classic Account With TradingFX VPS are the Recommended Broker Account / VPS Combination.Account Balance
A recommended minimum of $100 for a cent account or $10 000 for a standard account.
Supported Currency Pairs
EURJPY, EURUSD, USDJPY, USDCAD, USDCHF, AUDUSD and GBPUSDMetaTrader Chart Timeframe
M1, M5 and M15Live Performance Results
Trading Strategy
- It's a horizontal TP line used by the EA to close orders.
- This line is recalculated every time the EA starts an order series either automatically or manually.
- When the price comes close to the TP line with a preset distance defined as Tral_Start, the line color is changed to the Tral_Color and the EA is triggered to trail profits of all the series.
- Tral_Size is another preset value which limits the TP line following the price when it moves in the right direction, but when it doesn't and reverses, the series will be closed at the TP level.
Benefit EA can trade on more than just Currency Pairs, it can trade CFD ang Metals too.
It includes a multiple strategy trading system in different market conditions, so it can trade in a trend and flat markets, on pullbacks during market correction and as a scalper!
It also has a powerful protection system against balance loss that minimizes the risks!
It quietly tolerate temporary disconnection.
Promotional Video (by the Vendor)
MyFxBots Admin
[Last Modified On Tues, 2 Feb 2016]Talk about Benefit EA
Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
Tags
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.