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AvtomatFX Franklin EA is a fully automatic intraday medium- and long-term trading robot based on overall strategy analysis, which determines the direction of the trend over a period of time. Positions are opened strictly in the direction of the calculated trend. It has a built-in function to add additional filters to establish transactions. According to backtest results, the EA uses the grid method. For long-term losses, a protection algorithm is provided to help reduce the possibility of large losses. AvtomatFX Franklin EA offers a lot of customization options, allowing you to optimize it for each individual currency pair and time period. Come find a more suitable setting yourself.
Key Features of This Forex Trading Robot
Grid Method for Automated Trading
Grid Method: Utilizes a grid trading method, adding positions at specific intervals to manage trades effectively.
Protection Algorithm
Protection Algorithm: A built-in protection algorithm helps reduce the possibility of large losses, making the EA robust against market fluctuations.
Customization Options
Customization Options: Offers extensive customization options, allowing you to optimize settings for different currency pairs and time periods.
Recommendations for Franklin EA
Best Currency Pairs and Timeframe
The Franklin EA V1.02.003 is recommended for the following currency pairs: EURUSD, NZDCHF, NZDCAD, GBPUSD, USDCHF, EURGBP, USDJPY, NZDJPY, NZDUSD, AUDUSD, CADCHF, AUDCHF, and AUDCAD. However, it can be traded on almost any chart. The EA performs best within the H1 timeframe.
Minimum Account Balance and Broker Recommendations
To effectively utilize the EA, it is recommended to start with a minimum account balance of $1500 or $15 for a Cents/Micro account. It is also advised to use a broker with low spreads for optimal performance. Running the EA on a VPS 24/5 is recommended to ensure uninterrupted trading operations.
Trading Strategy Overview
Overall Strategy Analysis
Overall Strategy Analysis: The EA is based on overall strategy analysis to determine the trend direction over a specific period.
Grid Trading
Grid Trading: Employs a grid trading method, which involves adding positions at specific intervals as the price moves against take profit levels.
Protection Algorithm and Risk Management
Protection Algorithm: Includes a protection algorithm to mitigate the risk of large losses, providing a safety net for long-term trading.
Customizable Filters
Customizable Filters: Allows for the addition of filters to refine and optimize trading transactions based on user preferences.
Conclusion
AvtomatFX Franklin EA V1.02.003 is a comprehensive and robust trading solution designed for both medium- and long-term trading. With its trend-based trading approach, grid method, and protection algorithm, it offers a balanced strategy for consistent profitability. The extensive customization options make it versatile for different trading preferences and currency pairs. Whether you are a beginner or a seasoned trader, this EA provides the tools and flexibility needed to enhance your trading performance.
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Install
The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors.
This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.
Copy the EA folder content from your product to the EA folder of your MT4 installation.
Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.
Responsability
Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.
Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.
admin (store manager) –
Great EA, recommended