The Expert 10 Pips EA displays a lot of settings that were made while gaining experience working with it. Pay attention to the leverage, which should be at least 1:500, and, even better, 1:1000. Use a cent account because it allows you to use a huge working deposit, and it reduces the risks ($1000 become 100 000 cents with the same lot of 0.01). Expert 10 Pips is a trend forex adviser and is suitable for highly liquid currency pairs such as EURUSD, GBPUSD, USDJPY. The timeframe may vary from M15 to H1. The minimum deposit for working with the advisor is not less than 2000 unit per 0.1 of a standard lot.
Expert 10 Pips is a highly popular and respectively safe forex adviser. Its working principle is based on the trading strategy of the same name. The strategy uses the levels of the previous trading day. Expert 10 Pips is a breakout strategy and based on the movement in the same direction in which the session level had been pulled through.
Generally, it is recommended to set stop-loss at the opposite level, but there are cases when this is not suitable and effective. Therefore it is recommended to make stop-loss and take-profit fixed. Expert 10 Pips does not use any indicators and do not use such tools as martingail and similar for getting over from the drawdown. The main advantage of the adviser is the possibility of the automatic account type detection. This means that Expert 10 Pips can ascertain whether the account uses 4 or 5 symbols after dot. On this conclusion the adviser organizes its work. Besides, 10 pips ver 5 can work with pending orders and takes into account automatic calculation of the input lot. Thanks to the presence of a magi?? the 10 pips ver 5 can be applied simultaneously together with other forex adviser on the same trading account. The adviser is highly flexible therefore it is suitable for trading with any forex broker.
The market is constantly fluctuating and almost always gives a roll-back of 5-20 points. If you look closely at the chart, you can see that the price never goes up or down without rollbacks. Thus, these small fluctuations can be earned if you collect a profit on each roll-back of 10 points. This EA was written a long time ago and today I want to share it with нou. When testing, the robot showed excellent results and in two months, the deposit was increased almost 10 times. I constantly took profit, which gave me the confidence that this robot has no equals, but the first strong news took away the entire working deposit.
Over the years of using it, I can say that this robot is only afraid of the news and very weak trend with no roll-backs. While you can cope with a trend by increasing the initial deposit, it is impossible to cope with the news. In order to bypass the news, I arranged the EA trading schedule for each day (first, you need to see the news release time and turn off the robot at this time).
Remember that a large profit always carries very high risks, so try not to overestimate the lot. When working with this EA, I put a different lot before each transaction depending on my confidence.
Expert 10 Pips EA Rating | 3.5 |
Yield per annum | 14.87% |
Max drawdown per annum | 23.15% |
Developer | Strategy4you |
Created, year | 2011 |
Free | |
Price | $30 |
Class | short term |
Type | trend |
Lot size | not less than 2000 units per 0.1 of a standard lot |
Deposit | $1000 |
Leverage | 500 |
Timeframes | from M15 to H1 |
Strategies | 10 pips per EURUSD, martingail |
Indicators | non-indicator |
Recommended brokers | Buxberg, Finaguide, Investments Global |
Trading tool/currency pairs | EURUSD, GBPUSD, USDJPY |
Automatic account type | |
Indicating | |
Multiple usage | |
Mini deposits | |
Max risk limitation | |
ECN | |
NDD | |
Several one-way series | |
Auto start lot | |
Fixed stop loss | |
Fixed takeprofit | |
Automatic lapse expansions |
Forex EAs 2024
Forex Advisor | Deposit | Yield | |
1 | FXCipher | $300 | 10% |
2 | CarinaBot | $100 | 52.32% |
3 | Fortnite | $500 | 135% |
4 | Tickeron AI robot | $100 | 117% |
5 | Learn2Trade | $1000 | 160% |
6 | Auto Recovery EA | $100 | 37% |
7 | Coinrule | $1000 | 270% |
8 | Forex Trendy | $250 | 90% |
9 | FX BlasterPRO | $1000 | 180% |
10 | Waka Waka | $100 | 74% |
11 | Renko EA | $100 | 41% |
12 | EliteFxgo | $1000 | 30% |
13 | Stairsteps EA | $100 | 29% |
14 | 1000pip Climber System | $500 | 77.3% |
15 | Happy Breakout EA | $100 | 8.5% |
16 | Happy Galaxy EA | $2000 | 5% |
17 | Happy Neuron EA | $5000 | 5% |
18 | Golden Pickaxe | $100 | 19.39% |
19 | EA Builder | $1000 | 119.8% |
20 | Perceptrader AI | $100 | 10% |
21 | Evening Scalper Pro | $100 | 78.84% |
22 | Odin Forex Robot | $2000 | 57% |
23 | Night Hunter Pro | $100 | 71% |
24 | Centobot | $250 | 95% |
25 | Traders Dynamic Index EA | $1000 | 37% |
Choosing a regulated broker is not just a matter of preference; it is a necessity for safeguarding your investments and ensuring that you trade in a fair and secure environment.
This article explores the benefits and risks associated with using Forex Expert Advisors, providing insights into how traders can maximize their potential while mitigating potential downsides.
By prioritizing factors such as overall rating, regulatory compliance, trading conditions and platform reliability traders can make an informed decision that aligns with their trading needs and aspirations, setting the stage for a potentially prosperous trading journey.
An annual roundup reviewing the most successful Forex Expert Advisors (EAs) based on their performance, strategies employed, reliability, and user feedback. This piece would provide insights into which EAs have been market leaders and why.
The concept of automated trading has been around for decades, but the accessibility and sophistication of Forex EAs have seen significant advancements in the past few years. Initially, automated trading systems were rudimentary, focusing on simple indicators like moving averages.
Expert Advisors (EAs) Rating features high-quality Free and paid Forex EA most popular on the market today.
© 2006-2024 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.