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Pivot Points EA Review
In the dynamic world of forex trading, staying ahead of the curve is essential for success. One tool that has been making waves is the Pivot Points EA V6. In this article, we’ll explore the latest update and dive into the features that make this trading robot a must-have in your arsenal.
Pivot Points EA V6 Update (15/02/2023)
The latest version of the Pivot Points EA, the V6, introduces market momentum indicators, enhancing its ability to identify optimal market conditions. Specifically designed for the EURUSD pair on M5/M15 timeframes, this EA offers both martingale and non-martingale options, providing flexibility to traders.
Technical Specifications
Version: 6.0
Terminal: MT4
Year of issue: 2023
Working pairs: EURUSD
Recommended timeframe: M5, M15, H1
Minimum Deposit: $200
Best Brokers List
Pivot Points EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Pivot Points EA Settings
Key Improvements
- Enhanced Slippage Management: The update includes improved slippage control, ensuring smoother trade executions.
- Spread Adjustment: The allowable spread for Standard, Classic, and Cent accounts now ranges from 20 to 60 points, optimizing performance across different account types.
- Minimum Deposit Requirement: To trade with peace of mind, a minimum deposit of $150 is recommended for standard accounts, while cent accounts require a minimum deposit of $50.
- Floating Bass: The robot incorporates a floating bass mechanism, offering better control over trades.
- Indicator Corrections: Indicators have been fine-tuned for almost perfect entry points, enhancing the robot’s overall accuracy.
- Profit Potential: With the ability to yield earnings between 8% and 17% weekly, the Pivot Points EA V6 proves its profitability even with a modest deposit of $150.
Robot Specifications
Trading Parameters
- Compatibility: Standard, Classic, and Cent accounts
- Maximum Drawdown: 18%
- Trading Speed: Not High-Frequency (HF)
- Minimum Deposit: $150 (Standard and Classic), $50 (Cent)
Operational Advantages
- User-Friendly: Operates on an ordinary computer, but a VPS is recommended for continuous uptime.
- Demo Account Usage: It is advised to run the EA on a demo account for at least a week to understand the strategy and comfort level.
Performance Metrics
To provide a glimpse of the Pivot Points EA V6’s capabilities, here are some key performance metrics:
- Gross Profit: $33.17
- Gross Loss: $849
- Total Net Profit: $2468
- Profit Factor: 391
- Expected Payoff: 0.99
- Maximal Drawdown: 3.58% (4.05% relative)
- Winning Trades: 84%
- Largest Profit Trade: $6.10
- Largest Loss Trade: $3.58
Conclusion
The Pivot Points EA V6 stands out as a reliable and efficient trading robot, offering a balance between profitability and risk management. With its latest update and improved features, it caters to traders across different account types and experience levels. As you venture into the forex market, consider integrating the Pivot Points EA V6 into your strategy for a competitive edge in the dynamic world of currency trading.
Download Pivot Points EA
Please try for at least a week an ICMarket 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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