Fast Forex Millions EA

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Category: Trading advisors
Hits: 5157

Fast Forex Millions EA has made a stir at the market even before its official release. We would like to remind you that the developer of this robot is the author of such advisors as Forex Growth Bot and Millionth Point. These EAs are still in great demand on the Internet.

Fast Forex Millions EA features:

  • Developers: Gamma Markets LTD.
  • Trading Program: MetaTrader 4.
  • Recommended currency instruments: pound/dollar, euro/dollar, dollar/Swiss franc, US/Canadian dollar.
  • Operating timeframe: 15-minute chart.
  • Works: around the clock (needs to be turned off at night).
  • Brokers: Maxi Forex, Alpari, Roboforex.

 

William Morrison is one of the developers of the Fast Forex Millions EA. William is also the seller of FFM. The Fast Forex Millions EA was created on the basis of a long-forgotten Winner h4 EA. The developers have just slightly corrected the EA and called it Fast Forex Millions. On the Internet, Morrison’s official website sells the EA for $250. This amount includes the robot itself, settings and detailed manual.

The strategy of Fast Forex Millions robot is yet to be fully disclosed, as the creators don’t reveal some data. But they have published the results of tests on Forex market, where the most stable result was shown by the euro/dollar pair. Absolutely all testing of the EA was performed with 99% of simulations with 2007-11.

According to the results of the testing of Fast Forex Millions EA, it can be said that the EA earns not on all currency instruments. The developers recommend trading only with three currency pairs: EUR/USD, USD/CHF, GBP/USD. As for the trading system of the Fast Forex Millions EA, we can say that it's a bit like a scalping strategy, because the EA opens orders often, but sometimes holds them longer than 2 hours. Maximum profit on the euro/dollar pair was 308 points, and a loss was 180. Overall, protective and profit orders of the EA are unstable, they are constantly changing depending on the situation.

  • Fast Forex Millions EA settings:
  • Market execution – a copy of the ECN parameter. It should always be on.
  • Reserve exit – setting that allows you to automatically close all orders if a new signal appears.
  • Dual mode – hedging, i.e. the opening of two opposite orders simultaneously. Thereby, the EA insures the already earned profit.
  • Filter Depth – this filter regulates robot’s signals. If the parameter is increased, the number of positions declines, and vice versa.
  • Risk percent – percentage of the risk from the deposit. Default risk is 7%.
  • Fixed lot – position size, default is 0.1 of the lot.
  • Magic number – the EA needs it to distinguish Fast Forex Millions orders from other orders.
  • Slippage – speaks for itself.
  • Per ATR – period of ATR indicator for trailing stop.
  • Kof ATR – indicator factor needed for stop loss.
  • Ktp – the level of profit-taking (take profit).
  • Order comment – comments to orders.
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