BenderFX EA V2 Robot: An In-Depth Review
The world of Forex trading has been revolutionized by the advent of automated trading software, or “robots”. One such robot that has been making waves in the market is the BenderFX EA V2 Robot. This software is designed to automate trading on the MetaTrader 4 platform, using a combination of price action, Fibonacci extensions, and Fibonacci retracements to make trading decisions.
What is BenderFX EA V2 Robot?
The BenderFX EA V2 Robot is an automated trading software designed for Forex trading. It is built on the foundation of price action, Fibonacci extensions, and Fibonacci retracements. The developers claim to implement Machine Learning techniques to reduce the risk of operation.
The robot is designed to work on the M30 or H1 timeframe. It is compatible with the following currency pairs: EURUSD, GBPUSD, USDCAD, AUDCAD, and AUDUSD. The developers recommend a minimum balance of $1000 for each pair.
The BenderFX EA V2 Robot offers several key features that make it stand out:
- Price Action and Fibonacci: The robot’s functionality is based on price action, Fibonacci extensions, and Fibonacci retracements.
- Machine Learning: The developers claim to implement Machine Learning techniques to reduce the risk of operation.
- Martingale Strategy: The robot uses a martingale strategy, but unlike most other martingale EAs, it doesn’t place random entries. Instead, it uses Price Action plus Fibonacci and advanced Machine Learning techniques.
- Profit Potential: The developers claim a monthly profit between 40 to 80 percent of the initial capital.
The performance of the BenderFX EA V2 Robot is a crucial factor to consider. From various user reviews, BenderFX EA V2 seems capable of generating steady monthly gains of 5% to 15% with proper risk management. However, as with any EA, drawdowns are inevitable, so using proper risk management is vital.
The BenderFX EA V2 is sold at a one-time cost of $349 for a single license. This license can be used with one live trading account on one computer.
Is BenderFX EA V2 Worth It?
Based on capabilities, performance potential, and pricing, BenderFX EA V2 stands as a top contender in the automated trading space. However, it’s essential to run it first in demo mode to get a feel for how it trades and to find the optimal settings.
The BenderFX EA V2 Robot is a robust automated trading solution that offers a strong value proposition given the profit potential and capabilities it offers. However, as with any trading tool, it’s crucial to understand how it works and to use proper risk management strategies. Always remember to test any new trading system on a demo account before going live.
Disclaimer: Trading Forex and CFDs carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite.