Forex Legend EA is a user-friendly, professional trading system equipped with two robust strategies designed for long-term sustainability. It targets larger pip movements, typically over 20 pips, to minimize broker manipulation and enhance trading performance.
Key Features
- Entry and Exit Logic: Operates on bar close only, significantly reducing market noise, speeding up optimizations, and preventing stop loss hunting. This ensures compatibility with brokers offering low spreads.
- Sophisticated Exit Mechanisms: Includes broker decoy, safety stops, virtual (stealth) stops, trailing stops, breakeven points, and partial closings at multiple exit targets.
- Safety Features: Protects the account from various technical issues such as power outages, internet disconnections, broker context busy errors, and platform freezes.
Recommendations
- Minimum Account Balance: A starting balance of $1000 is recommended for optimal performance.
- Optimal Timeframes: Best results are achieved on M15 timeframes, though it can work on any timeframe.
- Preferred Currency Pairs: Designed to perform well with EURUSD, USDJPY, and XAUUSD, but can be used with any pair.
- Continuous Operation: For maximum efficiency, running Forex Legend EA on a VPS is recommended to ensure it operates 24/7 without interruptions.
- Low Spread ECN Account: Using an ECN account with low spreads is also advised to optimize trading results.