Market Reversal Alerts EA Review
The Market Reversal Alerts EA is an expert advisor for MetaTrader 4. An expert advisor is a program that can automatically trade for you.
The Market Reversal Alerts EA is based on the Market Reversal Alerts indicator. This indicator:
- Draws rectangles on your chart to show market structure
- Sends alerts when the market structure may be changing
- This could mean a reversal or pullback is coming
The EA will automatically open trades when it gets these reversal alerts. You can customize the EA a lot to fit your trading style.
Download Market Reversal Alerts EA
Some of the key features of the Market Reversal Alerts EA are:
- Filters for entries – You can tell the EA to only take trades in certain situations, like:
- When RSI is overbought or oversold
- When price is above or below a moving average
- Only during certain hours of the day
- When price has hit its normal daily range
- Trend direction – The EA can look at a higher timeframe to determine the overall trend. It will only take trades in the direction of the trend.
- Money management – You have many options for risk, like:
- Risk a % of your account on each trade
- Use a fixed position size
- Use a grid of multiple positions
- Set a fixed target and stop loss in pips or $
- Trail your stop loss
- Customizing alerts – You can change how the EA gets trade signals, such as:
- Trading the first alert or waiting for a re-test
- Using more or less aggressive alert settings
- Changing how long to wait for a re-test
The Market Reversal Alerts EA comes with a very detailed user manual. The manual explains what every setting does. There are also example set files to help you get started.
Download Market Reversal Alerts EA
The EA can be used in 2 main ways:
- Fully automated trading – The EA will open and manage trades for you based on your settings. You can “set and forget”.
- As a trade assistant – The EA will alert you to potential trades, but you can choose to take them or not. If you do take the trade, you manage it yourself.
The Market Reversal Alerts EA is a very powerful tool. But you need to understand how to use it properly. It is not a “magic money machine”.
To use the EA well, you should:
- Learn how the Market Reversal Alerts indicator works
- Understand what all the EA settings do
- Test different settings to find what works for you
- Always use a stop loss and proper risk management
If you are interested in the Market Reversal Alerts EA, there are a few things you can do:
- Watch videos about the indicator and EA on YouTube
- Read the user manual and learn about the settings
- Purchase the EA on the MQL5 market
- Join the Market Structure Trader Telegram group for help
With some practice and testing, the Market Reversal Alerts EA can be a very helpful tool for your trading. But always remember to use it carefully and never risk more than you can afford to lose.
