There are numerous newbies who want to know about MT4 Forex Bots and how they function. Wanting to know about their fundamental characteristics via reviews, they search emphatically in forums and web sources. Helping them to a certain degree, this post will introduce them to a reliable MT4 EA which right from 2013 has numerous accolades going with its name. That EA is known as Forex Warrior 6 and here’s its review.
A True Currency trading warrior:
The hallmark of this trading EA is to work as a grid trading instrument. What it's designing is done is to work round the clock and analyse the rising and falling market.
It makes use of Martingale Strategy like most MT4 trading bots. And as profitable trading opportunities are identifiable, it automatically initiates the Buy Limit Orders when the market is Bullish and Sells Limit order when the arcade is Bearish.
Such trade orders go into a software basket which is present specifically to reduce the ill-impacts of slippage during extreme volatility. Forex Warrior 6 consists of convenient parameters set options which traders new and old can use to set up their potential trades. This reliable EA consistently evaluates all prevailing markets by going through all the set structures one by one.
Another prime feature of this trustable MT4 EA is it can trade with the existing trend and help you to amp up your profitability and draw down your losses. Ample protection finds its place at the time of applying Stop Loss whenever a trading position activates.
Forex Warrior 6 0 3- Some of its chief characteristics!
• This MetaTrader EA can function round the clock and brings about the best results when working with a broker offering 300:1 leverage or above.
• It works best with hourly time-frame charts.
• The system meticulously takes full advantage of 4th place and 5th place decimal price quotes.
• It comes with a complete 30-day guarantee if say some issues do pop up regarding customer dissatisfaction.
• Though it works with all prime Forex Majors, it performs best when one trades using NZD/USD, EUR/GBP, USD/CHF, EUR/USD, EUR/GBP.
• A small deposit of around $100 is needed to start up trading with this MT4 EA.
Some other essential parameters of this EA:
Along with these afore-mentionings, there are some other parametric perks of this trading bot. One can easily accomplish their trading goals by gauging their reward to risk ratio and win to lose ratio. Some of these pivotal parameters include:
• Reward to Risk ratio- 1.08
• Value Expectancy is around $6-7.00. P.S this is in the case of Long term trading.
• Win to Loss Ratio- 62%
It is also usable in notable mobile devices such as Windows and Android devices.
Taking to the End:
There are numerous benefits of using Forex Warrior 6 MT4 EA. So those who have an interest towards it can download it and run it for back tests with demo accounts. The system also consists of clear charts, and you will know exactly what is happening in the market and how the system primarily functions for your profit acquisition.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.