Market Reversal EA FREE Download
Market Reversal EA is an automated trading advisor designed specifically for trading the EURUSD currency pair. This EA works based on reversal points within overbought and oversold areas. The EA features 16 different strategies and a range of customizable input parameters, allowing traders to optimize for different brokers and trading environments.
Key Features
- Diverse Strategies: This EA has 16 strategies, each with customizable input parameters. This allows traders to tailor the EA to their specific trading style and the conditions of their chosen broker.
- Order Closing Options: Profitable orders are typically closed using a trailing stop, but traders can also choose to use a take-profit setting if they wish. For unprofitable orders, the EA offers the following options: use the stop loss or recovery function . The recovery feature is particularly noteworthy as it uses a smart algorithm to open one or two additional average orders in an attempt to recoup losses . All aspects of the recovery function, including multipliers and conditions for opening additional orders, can be adjusted in the input parameters.
- Risk Management: EA provides a sophisticated way to manage unprofitable orders. When a trend reversal signal is detected, it opens one or two additional orders and increases the lot size. By default, the first additional order uses a multiplier of 2 and the second additional order uses a multiplier of 1.
Please test in a demo account first for at least a week. Then, please familiarize yourself with and understand how the Market Reversal Robot works and use it only on a live account.
Market Reversal EA Recommendations
- Minimum account balance $100 .
- Work Only on EURUSD . (Work on any pair)
- Works best within the H1 time frame. (works in any time frame)
- Market Reversal EA should be continuously worked on VPS to obtain stable results. Therefore, we recommend running this MT4 EA download on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread ECN accounts are also recommended ( find the best broker for you here )
Input Parameters
- Magic Number – unique identifier of the EA order.
- Slippage – Set the maximum slippage allowed when opening a position.
- MaxSpread – Limit the maximum spread if needed.
- Comment – allows traders to add comments to EA orders.
- Lot Type – Traders can choose automatic lot size or fixed lot size.
- Lot Size/Percent Lot Size – The recommended lot size depends on the leverage used. For example, with a leverage of 1:500, the recommended maximum automatic lot size is 0.2.
- Take Profit – Not used by default, but can be used if needed.
- Trailing Stop – Default is set to 22 points and can be adjusted based on account type.
- Stop Loss – Not used by default because the EA controls losses through the maximum drawdown setting. However, traders can set a stop loss if necessary.
- Max DD (%) – should be determined based on backtesting results and can be adjusted to manage risk.
- Trading Time – specifies the time frame during which the EA is active.
- Trade on Friday – Optionally enable or disable trading on Friday.
- Strategy Settings – Each of the 16 strategies has its own set of customizable parameters, allowing traders to fine-tune the EA’s behavior.
- Color Scheme – option to customize the EA visual interface.
- Show Panel – Enable or disable the display of the control panel.
- Panel Size and Text Size – Adjust the size of the display panel and text.
- Learn More Terminator Stay In-Out Deriv Bot Free Download
Conclusion
The Market Reversal EA is a versatile and highly customizable trading tool suitable for those trading the EURUSD currency pair. Its ability to adapt to different brokers and trading styles and its powerful risk management features make it a valuable asset for traders looking for automated solutions. The EA's comprehensive set of input parameters ensures that traders can optimize its performance according to their specific needs, making it a flexible choice for automated trading advisors.
Market-Reversal-EA.zip
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