Benefit 4.1 EA
Benefit EA is a fully automated EA.This EA Work based on a non-indicative flexible grid algorithm with special entry points that provide a statistical advantage revealed through the mathematical modeling of market patterns.
There are multiple settings for professionals and a flexible system of settings for different trading styles. Benefit EA 4.1 does not use stop loss. All trades are closed by take profit or trailing stop. It is possible to plan the lot increments.
There are buttons for semiautomatic trading. Using the buttons, it is possible to block the operation of one or both trade directions. Text notifications on the trade blocking status are available.
Setting / Recommendations
- Currency Pair: Work best on GBPUSD (also good on GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF, AUDUSD)
- Equity: Minimum balance of 250$ cent account or equivalent standard account
- Time-Frame: Work Best on M15 Timeframe (also good on M1, M5, H1)
- Leverage: 500
- Broker: Zero Spread/Fixed Spread/Raw Spread or ECN Broker: To Know More-Click
- VPS: Let the EA work un-interrupted with VPS: Click Here
- New_Cycle – enable/disable opening order series in cycles
- MAGIC – magic number, should be changed if the EA is used on multiple currency pairs on the same account
- Slippage – Forex price slippage, the default value is 3. Do not change the value unless you know what you are doing
- Max_Trades – the maximum number of orders opened in a series (Max 17)
- Max_Lot – the maximum lot size
- TP Buy – Take profit level in points for closing Buy positions
- TP Sell – Take profit level in points for closing Sell positions
- Trailing_Start – level in points to activate Trailing
- Trailing_Size – the number of points for trailing the Trailing_Start level or for closing
Risk Reduction System
- RRS – enable/disable the Risk Reduction System
- RRS_oOrder – number of an order in a series to activate the Risk Reduction System
- RRS_cOrder – number of an order in a series to deactivate the Risk Reduction System
- RRS_TP – Take profit in points for closing orders corresponding to the Risk Reduction System
- RRS_Trailing_Start – level in points to activate Trailing for orders of the Risk Reduction System
- RRS_Trailing_Size – the number of points for trailing the RRS_Trailing_Start level of the Risk Reduction System
- RRS_Profit_Percent – tool for exiting a prolonged drawdown (70-90% recommended)
Buy and Sell settings
- Step_Buy(Sell) – step for opening a new order in a series in points
- Step_Coef_Buy(Sell) – increase coefficient of the step for opening subsequent orders
- Step_Coef_Start_Order_Buy(Sell) – number of the order to activate Step_Coef_Buy(Sell)
- Step_Mass_Buy(Sell) – the default step for opening orders (in points), if Step_Coef_Buy(Sell) is equal to 0
- Min_Lot_Buy(Sell) – the minimum lot size of the first order
- Lot_Exp_Buy(Sell) – lot increase coefficient of Min_Lot_Sell for the subsequent orders
Time filter settings
- Time_Filters – enable/disable working within the specified time intervals
The “Time Filter” function is set according to the internal time of the terminal as per the displayed time of the instrument’s server, not the operating system (can match). This function allows for 100% automation of the trading process, without manual intervention and management (if every technical aspect is working properly and as intended). The “time filter” status is displayed as a text in the upper left corner of the trading window.
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DISCLAIMER: Please read carefully before you decide to Invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat into the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this we recommend that you test the EA on your own broker account using many variations of currencies, time frames and settings to make sure you experience favorable results in current market conditions before trading live accounts.
- Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.