BenderFX EA V2 Robot MT4 Unlimited

BenderFX EA for MT4: Elevate Your Forex Trading with Advanced Automation

Introduction

Introducing the BenderFX EA V2 for MT4, a sophisticated and fully automated Forex trading robot designed to capitalize on the powerful Fibonacci retracement levels. This Expert Advisor (EA) is engineered to deliver impressive gains while maintaining robust risk management features. With a track record of +582.59% gain on the account, the BenderFX EA V2 stands out as a highly effective tool for traders seeking consistent profitability. Available exclusively at CheaperForex.com, this EA offers a comprehensive solution for both novice and experienced traders.

Strategy Overview

The BenderFX EA V2 is built around the popular Fibonacci retracement levels, a tried-and-tested method in technical analysis that helps identify potential reversal points in the market. The EA automatically plots Fibonacci levels on the Metatrader chart, including swing high, breakout area, critical area, and swing low, providing clear visual guidance for trading decisions.

This EA incorporates a combination of price action strategies and Fibonacci retracements to make informed trading decisions. It avoids dangerous trading techniques and ensures that all open trades are protected by stop loss and take profit orders. The BenderFX EA V2 offers several customization options, allowing traders to tailor the settings to their specific needs, including fixed lot sizes, pip step adjustments, and more.

Trading Specifications

• Recommended Pair: Works on any currency pair.
• Timeframe: Optimized for the 1-hour (H1) and 15-minute (M15) timeframes.
• Minimum Balance: $250 for optimal performance; however, a balance of $500 is recommended to handle volatility and drawdowns.
• Account Compatibility: Works on unlimited demo and live accounts.
• Platform: Developed for MetaTrader 4 (MT4).

Key Features

• Fibonacci Retracement Strategy: Utilizes Fibonacci levels to identify potential market reversal points.
• Price Action: Combines price action strategies with Fibonacci analysis for precise trading decisions.
• Risk Management: All trades are secured with stop loss and take profit orders to manage risk effectively.
• Customization Options: Offers various settings to customize the EA according to your trading style, including fixed lots, pip step, and daily profit/loss limits.
• Track Record: Proven performance with a gain of +582.59%, monthly gain of 1.51%, and a drawdown of 37.70%.

Performance Highlights

• Gain: +582.59%
• Monthly Gain: 1.51%
• Drawdown: 37.70%
• Profit: $582,594.34

These impressive statistics highlight the EA’s ability to generate substantial returns while managing risk effectively.

Installation Instructions

To install the BenderFX EA V2 in MetaTrader 4, follow these steps:

1. Open MetaTrader 4: Launch the MT4 platform.
2. Open Data Folder: Select “File” from the top menu and click on “Open Data Folder.”
3. Navigate to MQL4: Open the “MQL4” folder and then the “Experts” folder.
4. Add EA File: Drag and drop the BenderFX_v2.ex4 file into the “Experts” folder.
5. Restart MT4: Restart the MT4 platform.
6. Attach EA to Chart: Attach the expert advisor to your desired chart by right-clicking on the chart and selecting “Attach to Chart.”

EA Input Parameters

• Fixed Lots: Set a fixed lot size for trades.
• Use Take Profit: Enable or disable the use of take profit orders.
• Use Stop Loss: Enable or disable the use of stop loss orders.
• Pip Step: Define the pip step for opening new orders.
• Daily Profit/Daily Loss: Set limits for daily profit and loss.
• Fibonacci Buy/Sell: Enable or disable Fibonacci-based buying and selling.
• Magic Number: Unique identifier for the EA’s trades.
• Period for Fibonacci: Set the period for calculating Fibonacci levels.

General Information & Recommendations

• Best Used On: Works on any time frame and currency pair.
• Optimal Performance: Recommended minimum account balance of $250, but $500 is ideal.
• Demo Testing: Test the EA on a demo account for 2-4 weeks before using it on a live account.
• Developed for MT4: Compatible with MetaTrader 4 platform.

Chart Example

Below is an example of the BenderFX EA V2 attached to the EUR/USD 1-hour timeframe, demonstrating its setup and operation.

Final Verdict

The BenderFX EA V2 for MT4 is a powerful and reliable trading tool designed to harness the potential of Fibonacci retracement levels and price action strategies. Its proven track record of substantial gains and comprehensive risk management features make it an excellent choice for traders of all experience levels. Available exclusively on CheaperForex.com, the BenderFX EA V2 provides a robust and customizable solution for automated forex trading.

Invest in the BenderFX EA V2 today and elevate your trading strategy with this advanced Expert Advisor. With its impressive performance and user-friendly design, the BenderFX EA V2 is set to transform your trading experience, delivering consistent profits and peace of mind.