On the Foreign exchange, you can often hear that averaging, martingale, and other types of progressive money management do not work. The reality is that more than 90% of successful, highly profitable and long-standing signals use this method of money management.
Monster FX is a fully automatic multi-currency expert Advisor that uses a unique method of managing positions.. The essence of the method is that price waves cannot always decrease and when the wave of increased size comes, we return all the losses from previous transactions.
Best 8 currency pairs (GBPUSD, EURUSD, AUDUSD, NZDUSD, USDCAD, CHF and JPY) at the same time.
Its goal is to harvest most out of trending market (on automatic mode) taking advantage of corrections in trends.
Risk management can be set up manually. Optimization of all the parameters makes this EA powerful.
Monster FX properties
- The EA can trade multiple pairs at a time.
- The EA uses the minimum number of input parameters available for understanding
- The EA uses virtual Take profit too if you set it
- The EA cannot open any order if the Lot value is too high and the Max_Risk Value is too low
- The EA can be installed on any currency pair and any timeframe
- Advisor’s money management system takes into account spread, commissions, swap and balance
- No use of any indicators.
- Uses averaging with an increased lot
- Open prices only (an EA that explicitly controls bar opening)
- Trades Buy and Sell independently. In the EA parameters.
- Displays the trade information in the top left corner of the chart
5 Account Licences (You can use on either Demo or Live)