Blazzers Squid EA: A Comprehensive Review

Table of Contents

The Blazzers Squid EA is an expert advisor designed for automated trading on the MetaTrader 4 and MetaTrader 5 platforms. In this comprehensive review, we will analyze the key features, performance metrics, customization options, user experience, availability, and pricing of this trading robot.

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Blazzers Squid EA Overview

The Blazzers Squid EA aims to capitalize on short-term price movements across various financial markets including forex, indices, commodities, and cryptocurrencies. It uses sophisticated algorithms to identify trading opportunities and execute orders rapidly to capture profits.

Some of the markets and instruments supported by Blazzers Squid EA include:

Gold (XAUUSD)
Major currency pairs (EURUSD, GBPUSD, USDJPY)
Stock indices (Nasdaq, S&P500)
Volatility indices (Vol 10, Vol 25, Vol 50, Vol 75, Vol 100)
Binary options (Boom 300, Boom 500, Boom 1000)

The EA opens and closes multiple trades in quick succession to take advantage of short-lived trends and volatility spikes. The key features that set it apart are high profitability, adaptability to different market conditions, and robust risk management.

Key Features

Profitability

Backtests and live account performances indicate that Blazzers Squid EA can generate weekly profits exceeding 350% when markets have sufficient volatility and liquidity. However, past profitability does not guarantee future earnings potential.

Risk Management

The EA incorporates advanced algorithms to control position sizing, limit losses, and lock in profits. The maximum historical drawdown is approximately 4%, enabling sustainable long-term growth.

Customization

Users can fine-tune parameters like trade duration, stop loss, take profit, trailing stop, and trading sessions to suit their risk appetite. Multiple preset profiles are also available out-of-the-box.

Adaptability

Blazzers Squid EA detects changing volatility and liquidity conditions across multiple timeframes to tweak its strategies accordingly. This ensures continued profitability across diverse markets.

Availability

The EA developer offers global access through their website as well as via approved resellers. Installation support is provided to get you up and running quickly.

Affordability

Despite the sophisticated functionality, Blazzers Squid EA is affordably priced at $500 for a lifetime license. This one-time fee enables use across unlimited trading accounts and platforms.

Blazzers Squid EA Performance Analysis

Analyzing the historical performance of any trading system is crucial before committing real capital. Backtests and myFXbook verified forward tests of Blazzers Squid EA highlight the following key metrics:

Profitability

Average weekly profit potential exceeds 350%
Highest recorded weekly profit is 850%
The profit factor of 1.09 indicates sound risk-reward ratios

Risk Management

Maximum historical drawdown of 4% enables sustainable compounding
Standard deviation of returns is $1.041 highlighting consistency
Negative z-score confirms positive expectancy setups

Efficiency

Average trade length is 2 hours 31 minutes enabling multiple trades per day
Expectancy per trade averages 0.5 pips translating to high cumulative gains
Annualized compounded rate of return (ACR) is 30-50% depending on volatility

The key takeaway is that Blazzers Squid EA has shown the capacity to generate triple-digit returns in the right market conditions while limiting drawdowns through prudent risk management protocols.

Customization Options

Blazzers Squid EA incorporates various settings that users can calibrate based on their trading style, risk tolerance, and market preferences including:

Trade Management

Position sizing and compounding settings
Stop loss, take profit and trailing stop parameters
Order entry and exit rules during specific sessions

Risk Control

Maximum capital allocation per trade and overall exposure
Loss recovery modes and martingale settings
Volatility filters to avoid risky environments

Market Selection

Trading instruments including forex, indices, commodities etc.
Timeframes from 1 minute charts up to the daily charts
Specific sessions for different trading assets

These custom settings empower traders to fine-tune the Expert Advisor to best suit their trading style and risk management approach.

User Experience

The end-user experience is enhanced through the following attributes:

Ease of Use

The installation process is simplified through detailed manuals. The intuitive interface enables both novice and advanced traders to quickly set up and deploy the EA.

Reliability

The EA incorporates features that minimize disruptions caused by unstable internet connectivity, unexpected computer restarts, and platform errors.

Responsiveness

The Blazzers team promptly responds to customer queries through email as well as messaging apps like WhatsApp and Telegram.

Community Support

An online community forum enables users to interact with one another to share settings, performance data, and best practices.

The emphasis on usability and customer support ensures a smooth and glitch-free experience while using the expert advisor.

Blazzers Squid EA Availability and Pricing

Blazzers Squid EA can be purchased directly from the developer’s website or through authorized resellers across 100+ countries. The pricing is standardized at $500 for a lifetime license enabling use on unlimited accounts and platforms including MT4 and MT5.

Introductory discounts are sometimes offered. It is prudent to compare prices across different vendors to find the best available deal. The lowest risk option is to buy directly from the Blazzers website to avoid counterfeit or cracked versions.

Installation support is provided with all purchases to activate the EA hassle-free on client trading platforms. Active development and reliable customer assistance contribute to long-term value beyond the initial price tag.

Blazzers Squid EA Conclusion

In summary, the Blazzers Squid Expert Advisor is equipped with institutional-grade functionality to automate trading across diverse financial markets while limiting intraday volatility and end-of-day risk.

Sophisticated algorithms enable it to adapt to evolving market conditions by fine-tuning entry and exit thresholds to capitalize on high-probability setups. Prudent risk management protocols also ensure strict capital preservation despite short-term fluctuations.

These capabilities coupled with the reasonable lifetime license fee make Blazzers Squid EA a compelling proposition for novice and professional traders alike. The risk of financial loss, however, still exists despite the inbuilt protective measures. So utilize appropriate position sizing, stop losses, and risk-reward ratios per your individual preference and risk appetite.