Velocity EA is a fully automated Expert Advisor available for free download. This EA operates using a professional spike/impulse scalping algorithm commonly utilized by large bank traders, hedge funds, and professional traders. It capitalizes on short-term price extremes by entering and exiting the market for a few pips at a time.
Configuration Options:
Key Features:
Risk Management:Velocity EA employs a small stop loss and advanced break-even plus trailing stop loss mechanisms to protect trading capital while maximizing profit potential.Configuration Options:
- Ability to trade continuations and/or reversals
- Choice between pending stop orders or market orders
- Numerous safety features to enhance security
- Can be traded on multiple currency pairs with low spreads
- Supports both fixed lot and auto lot sizing, adjusting transaction size automatically based on specified criteria
- Demonstrates profitability even on small deposits with low maximum drawdown
Recommendations for Using Velocity EA:
- Demo Testing:
- Test the EA on a demo account for at least a week to understand its functionality and performance before using it on a live account.
- Account Balance:
- Minimum recommended balance is $100.
- Currency Pairs:
- Default settings are optimized for GBPUSD and EURUSD, though it can work on any pair.
- Time Frames:
- Optimal performance on M1 timeframes, but it is adaptable to other timeframes.
- Technical Considerations:
- The EA is sensitive to slippage, spread, and execution speed. Using a VPS with low latency is recommended for stable results.
- A low spread, low slippage, and fast execution Forex broker account is also recommended.