FireStorm Odin EA is a fully automated Free forex EA. Developed by a team of experienced traders, Firestorm Odin V3 EA is not your typical High-Frequency Trading (HFT) or Grid Trading Bot. Instead, it utilizes a unique trading strategy that doesn’t involve hazardous trading styles.
Firestorm Odin EA is a Support & Resistance, Price Action Bot that can run on NAS100, EURUSD, and other significant pairs 24/5 with a 1-3% drawdown on a 100k+ prop firm account. The bot runs on computer MT4 terminals, and while a VPS is not required, it can be helpful.
One of the most significant advantages of Firestorm Odin V3 is its flexibility regarding account sizes. The minimum live account size is $100, running on a 0.01 EURUSD lot size, making it accessible to traders with limited resources. However, for NAS100 settings, the minimum account size is $1500.
Another significant advantage of Firestorm Odin EA is that it can pass a prop firm account, which can be an excellent way for traders to gain access to more substantial capital and reduce risk. The timing for passing a prop firm account can vary between 5-28 days, depending on the account size and the set files used.
It’s important to note that while the developers state that the bot does not use the Grid Trading method, it utilizes a similar and equally risky approach known as Martingale. Martingale is a betting strategy that doubles the bet size after every loss to recover previous losses quickly. Traders need to be aware of the potential risks associated with Martingale and use proper risk management when trading with Firestorm Odin EA.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how FireStorm Odin Robot works, then only use it in a real account.
Recommendations for FireStorm Odin EA
- Minimum account balance of 100$(equivalent standard account) or FTMO challenge account of 100K+.
- Work Best on AUDNZD, AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, XAUUSD(GOLD), US30, NAS100(US100). (presets given for other good pairs and FTMO challenges)
- Work Best on H1 Timeframe (any Timeframe)
- The Best FireStorm Odin V3 should work 24/7 on VPS to reach stable results. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)
- Read More FireStorm Scalper EA V5 FREE Download
In conclusion, Firestorm Odin EA is a unique and reliable Forex trading bot that can help traders with their trading strategies. Its Support & Resistance, Price Action approach, flexible account sizes, and potential to pass a prop firm account make it a valuable tool for traders. However, it’s essential to remember that while the bot doesn’t use the Grid Trading method, it uses a similar and equally risky strategy known as Martingale, so proper risk management is crucial.