Forex ea BenderFX v2 Mt4

BenderFX v2 - Expert Advisor for MetaTrader 4

BenderFX v2 is a trading robot designed for MetaTrader 4. Its functionality is based on price action, Fibonacci extensions, and Fibonacci retracements. It includes optional stop loss functionality, and it executes a grid strategy if the price moves against the position. The EA allows configurable risk management, using either martingale or fixed lot sizes.

Features

Recommended Timeframes: M30 or H1. Using smaller timeframes involves higher risk, so extreme caution and a larger account balance are advised.

Compatible Currency Pairs: EURUSD, GBPUSD, USDCAD, AUDCAD, AUDUSD.

Flexible Scheduling: You can automatically set the trading schedule and choose the best trading session for your needs.

Account Compatibility: Works with standard, cent, and micro accounts. Results may vary depending on broker-specific conditions.

Requirements

Minimum Balance: $1000 per currency pair.

Broker Types: Standard, cent, or micro brokers.

Platform: MetaTrader 4 (MT4) account.

VPS: Recommended for optimal performance.

Peculiarities

Strategy Basis: Combines Fibonacci retracements and extensions with price action analysis.

Advanced Techniques: The developers claim to use machine learning to reduce risk without compromising profitability, along with custom settings optimized via a genetic algorithm.

Profit Claims: The developers report monthly profits ranging from 40% to 80% of initial capital.

Martingale Approach: Unlike typical martingale systems, this EA does not place random entries. Instead, it uses price action, Fibonacci levels, and advanced machine learning to manage trades.

Recommendation

Many traders have reported successful operation with accounts as low as $300.

Best Performing Pairs: AUDCAD, AUDUSD, EURUSD, GBPUSD, USDCAD (includes preset files for these pairs, but it can work on any pair).

Optimal Timeframe: H1 (though it functions on any timeframe).

Account Types: Compatible with ECN accounts.