BenderFX V4 EA is an automated Free to Download Expert advisor. It is a trading strategy released in 2020, utilizing a combination of the HMA (Hull Moving Average), the exclusive Shadow Bender indicator, and the Fibonacci tool. This strategy is designed to provide a monthly target return of 10-15% with a minimum account balance requirement of 100 USD.
One of the key features of BenderFX v4 is that each trade is executed as a single shot, rather than relying on a martingale system. This helps to minimize the potential for large losses and ensures that each trade is executed with a clear plan in mind.
The preferred timeframes for the strategy are 1 hour and 15 minutes, offering a balance between short-term profits and longer-term stability. The strategy has been optimized to keep the maximum drawdown to less than 2%, providing users with a level of stability and risk management.
The Fibonacci indicator is a tool used by Bender to capture price retracements and determine their potential for continued movement over time. This is achieved through combining the Fibonacci Golden Zone and probabilistic zones. The Shadow Bender indicator, which is an exclusive tool developed by the developer, has the ability to predict potential turning points in the price accurately.
The ultimate decision to open a trade is based on the calculation of probabilities, which takes into account various factors such as momentum, volatility, and previous indicator signals. Each factor is assigned a weight in the decision-making process.
Finally, BenderFX v4 comes with a comprehensive set of “.set” files, offering users a choice of more than 10 optimized set files to choose from. These set files have been developed using advanced genetic algorithm techniques, maximizing profit factors while minimizing the potential for drawdown.
Unlike the BenderFX EA V2, It does not use dangerous trading methods like martingale, grid, etc. it executes 5-10 trades a month. It also can go days without taking any trades and doesn’t open more than one trade at a time. All transactions are always protected by a Stop Loss and take profit.
Please test in a demo account first for at least a week. Also, please Make yourself familiar with and understand how this BenderFX V4 Robot works, then only use it in a real account.
Recommendations for BenderFX V4 EA
- Minimum account balance of 100$.
- There are optimized set files given for best pairs. (Only use the given set files otherwise, EA might not open any trades)
- Work best on M15 and H1 TimeFrames.
- This Scalping Robot MT4 should work on VPS without interruption. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Work on any account (Find the Perfect Broker For You)