Money Maker Explosion EA: A Comprehensive Review
Money Maker Explosion EA is a sophisticated forex trading tool that utilizes advanced algorithms and strategies to automate currency trades. In the three years since its release, it has earned a reputation as one of the top-performing forex robots available. This comprehensive review will examine its features, performance history, and usability to help traders evaluate if Money Maker Explosion EA is the right automated trading solution for their needs.
An Overview of Money Maker Explosion EA
Money Maker Explosion EA was created by an Italian trader known as Mastone90. It works on the popular MetaTrader 4 platform and is compatible with NFA and FIFO regulation standards. The system is designed to trade on 28 currency pairs across the H1 timeframe.
Some key features of Money Maker Explosion EA include:
- Fully automated trading system requiring no manual intervention
- Proprietary algorithms that identify and execute high-probability trades
- Built-in risk management to preserve capital during market volatility
- Detailed backtesting reports validating the EA’s profitability
- Capable of producing consistent profits with minimal drawdown
These features make Money Maker Explosion EA stand out from less sophisticated forex robots in the market. But features only tell part of the story. The real test of any automated trading system lies in its actual performance.
Reviewing the Performance History
The best way to evaluate an EA’s profitability is by examining its verified trading history. Money Maker Explosion EA’s developer provides access to a MyFXBook account tracking live trading results across multiple broker accounts.
As of January 2024, the Money Maker Explosion EA has achieved:
- 536% net profit over nearly 3 years of trading
- Over 18,500 pips in net gains
- Max drawdown of only 23.83% demonstrating effective risk management
- 83% win rate over 1,974 closed long trades
- 82% win rate over 2,005 closed short trades
These metrics indicate that Money Maker Explosion EA has consistently delivered profits in both bull and bear market conditions while keeping losses contained. The 536% net profit works out to around 180% average annual returns – an impressive achievement.
The EA has also traded profitably across multiple currency pairs including EUR/USD, GBP/USD, USD/JPY, USD/CAD, and USD/CHF. Its ability to generate gains in diverse market environments confirms the flexibility of its trading strategy.
Assessing the Usability
In addition to strong performance metrics, Money Maker Explosion EA offers traders a straightforward setup and configuration process.
Once purchased, users gain access to the following files:
- The MoneyMakerExplosion_v1.0.ex4 expert advisor file
- User guide documentation covering installation and usage instructions
- Recommended parameter settings to optimize performance
The EA works seamlessly with MetaTrader 4 on both desktop and mobile platforms. Installation only requires dragging the ex4 file into the Experts folder and attaching it to a chart. From there, traders can run the EA on as many currency pairs and accounts as they wish.
The default settings are optimized for the H1 timeframe on major pairs like EUR/USD and GBP/USD. Users can tweak parameters like trade lot sizes and stop loss levels if they wish to adapt the EA to other market environments.
Overall, Money Maker Explosion EA features a clean interface and simple usability in line with the “set and forget” functionality traders expect from leading forex robots.
The Developer Reputation
When assessing any trading system, it’s also important to consider the reputation and transparency of the developer.
Money Maker Explosion EA was created by an independent trader named Gianluigi Ventre based in Italy. He has shared details of his professional trading career highlighting his market experience.
Ventre is transparent in communicating the EA’s features and performance metrics to clients. Providing verified MyFXBook results demonstrates his confidence in the software’s capabilities. Users can also get support directly from Ventre through email and social media channels.
His openness in discussing the EA’s value proposition and results establishes trust in his expertise. Given his extensive development efforts, Ventre has a vested interest in providing ongoing customer assistance – which gives clients extra assurance.
Money Maker Explosion EA Final Recommendation
In summary, Money Maker Explosion EA is a standout automated trading solution capable of generating triple-digit annual returns. The numbers speak for themselves:
- 536% total net profit over a 3-year period
- Max 23.83% drawdown showing effective capital preservation
- 83-82% win rates across thousands of trades
These metrics indicate that EA has substantial evidence validating its performance claims.
For traders seeking an automated way to compound wealth in the forex markets, EA warrants strong consideration. Its reliability across varied market conditions makes it a lower-risk solution for hands-free trading.