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Market Wizard EA Review
The forex trading landscape has experienced a technological transformation with the advent of algorithmic trading. One such notable tool is the “Market Wizard EA” – a remarkable algorithmic robot that brings innovation to the world of forex trading.
What is Market Wizard EA?
Market Wizard is a sophisticated trading robot, commonly known as an Expert Advisor (EA), designed to facilitate automated forex trading. Unlike high-frequency trading robots, Market Wizard EA operates on a normal frequency, ensuring adherence to the rules set by funding companies.
Its primary highlight is the “drawdown protection” feature. If the float reaches a negative percentage, the robot promptly closes all operations to prevent significant losses. By default, this negative percentage is set at 4%, but traders have the freedom to adjust this according to their risk tolerance.
Version: V 1.0
Terminal: MT4
Year of issue: 2023
Working pairs: EUR/USD, USD/JPY, USD/CHF, USD/CAD, GBP/USD, and AUD/USD
Recommended timeframe: M1,M5,M15
Best Brokers List
Market Wizard EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
EA Settings
Sailing Through Funding Tests with Market Wizard EA
An intriguing feature of the EA is its capacity to pass funding tests, allowing traders to secure substantially funded accounts for future trades. Two weeks ago, a client successfully completed the two phases of the FTMO challenge using the Market Wizard EA, a testament to its potential.
However, it’s essential to remember that no robot can guarantee a 100% success rate. The performance of the EA depends significantly on market conditions, the selected settings, and the number of currency pairs used. Transparency is our watchword, and we advise caution against providers that claim infallible success.
Exceptional Growth Potential
EA has proven its mettle with impressive returns. An account with only $500 burgeoned to $1035 in just three months, reflecting a 100% increase. This was achieved using only the EUR/USD pair, further testifying to the EA’s efficiency. The robot can be used across a wide variety of currency pairs, including but not limited to EUR/USD, USD/JPY, USD/CHF, USD/CAD, GBP/USD, and AUD/USD.
Backtesting for Superior Performance
Backtesting is a crucial step in verifying the efficiency of an EA. It involves running the EA’s strategy against historical market data to determine its potential profitability. Backtesting Market Wizard EA helps traders identify the best settings, timing, and pairs for their strategy.
This process is integral to risk management and ensures traders are adequately prepared for live market conditions. It provides an approximation of how the EA’s strategy will perform, thereby instilling confidence in the traders and contributing to a serene trading experience.
Conclusion
Market Wizard EA is not just an ordinary trading robot. It’s an innovative tool with unique features designed to protect your investments and enhance your trading strategies. It allows traders to tackle market uncertainties head-on, offering a considerable chance of securing large funded accounts. With Market Wizard EA, forex trading is not only simplified but also highly profitable.
Download Market Wizard EA
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex tool works before using it on a live account.
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