Highway EA is a free Expert Advisor (EA) for forex trading, offering robust functionality and numerous filters to ensure effective trading decisions. It can be utilized on live accounts and does not come with an expiration date. This EA is designed to be safe and profitable, making it a valuable tool for forex traders.
Key Features
- Multiple Filters: Highway EA incorporates various filters before opening a trade, ensuring only the most promising opportunities are taken.
- News Filter: One of the standout features is the news filter, which helps to avoid trading during high-impact news events that could lead to significant market volatility.
- Profit Potential: With the correct settings, Highway EA can achieve monthly profits ranging from 10% to 30%, while maintaining a drawdown below 20%.
Recommendations for Use
- Chart Attachment: Attach Highway EA to only one chart, but it can be used with any currency pair.
- Time Frame: It works best on the 5-minute (M5) timeframe, though it is compatible with any timeframe.
- Account Balance: The minimum recommended balance for a standard account is $1000, or an equivalent cent account balance of $10.
- Backtesting: Note that this EA cannot be backtested, so real-time performance testing is crucial.
Operational Guidelines
- Stable Performance: To achieve stable and consistent results, it is recommended to run Highway EA continuously, 24/7. This ensures that the EA can capitalize on all trading opportunities without interruption.
- VPS Usage: For optimal performance, running the EA on a Virtual Private Server (VPS) is highly recommended. A VPS provides a stable and uninterrupted connection, which is essential for executing trades promptly and efficiently.
- Low Spread Account: Using a low spread ECN account is also advised to minimize trading costs and enhance overall profitability.