In the world of forex trading, automation has become a driving force, empowering traders with tools that execute trades based on predefined strategies. One such tool that has gained attention is the FXParabol EA forex robot. This article delves into the specifics of the FXParabol EA, shedding light on its
Our development of FXParabol is based on a combination of the Parabolic SAR and Bollinger Bands indicators. The robot uses a combination of these indicators in such a way as to detect a trend and determine the moment when to start trading in the direction of this trend. There is also a special mathematical algorithm in the EA that allows it to compensate even for losing trades.
FXParabol robot works on three currency pairs: USDJPY, USDCHF and EURUSD. It has a special system that limits possible drawdowns, which you can easily configure in the settings. The FXParabol EA is an expert advisor, or forex robot, designed to simplify the trading process by automating the execution of trades. It operates based on predetermined algorithms and strategies to navigate the forex market.
The FXParabol EA utilizes specific strategies and indicators to make trading decisions:
The FXParabol EA typically operates on popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). These platforms provide advanced charting tools, technical indicators, and a user-friendly interface. The required deposit and recommended leverage for using the FXParabol EA can vary depending on the broker and the version of the robot. Traders should consider their risk tolerance, capital, and broker requirements when determining these factors.
The FXParabol EA forex robot offers traders a tool for automated trading, leveraging trend-following strategies and technical indicators. With customizable parameters, automation, and backtesting capabilities, the robot seeks to simplify the trading process while potentially capitalizing on market trends. Traders interested in utilizing the FXParabol EA should conduct thorough research, test the robot on demo accounts, and consider the compatibility of the robot with their chosen trading platform and currency pairs. As with any trading tool, a sound understanding of the strategy, risk management, and market dynamics is crucial for successful implementation.
FXParabol EA Rating | 9.31 |
Yield per annum | 10% |
Max drawdown per annum | 46% |
Developer | FXParabol |
Created, year | 2022 |
Free | |
Price | $289 |
Class | middle term, short term |
Type | grid |
Lot size | not less than 1000 units per 0.1 of a standard lot |
Deposit | $1000 |
Leverage | 200 |
Timeframes | M15 |
Strategies | 3 different risk management profiles |
Indicators | Parabolic SAR, Bollinger Bands indicators |
Recommended brokers | OctaFX, XM, FXCC |
Trading tool/currency pairs | USDJPY, USDCHF, EURUSD |
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 |
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