SilverFox EA is a fully automated Forex EA for MT4 that is Free to Download. It can open 40 to 80 trades a day. So using this EA in combination with a rebate program could be more profitable.
It uses a combination of martingale, hedging, and a bunch of technical indicators. Because of this method, this EA has a high ROI(Return on investment) with relatively good stability. But it can get a bit risky sometimes. How Much Profit you can make monthly depends on your lot size and risk value.
SilverFox Forex EA can trade with a fixed lot or use an auto lot and increase the transaction size automatically according to the specified criteria. It makes from 7% to 16% per month, with a maximum drawdown of 27% on a 690$ Cent account (see results in MyfxBook account or on the screenshot below).
After a Long time of using this strategy, Blowing your account is inevitable. However, with the periodic withdrawal of investments, the theory of probability works in our favor. After the initial investment is withdrawn, the dangerous martingale strategy immediately becomes break-even and highly profitable.
Please test in a demo account first for at least a week. Also, Make yourself familiar with and understand how this Forex Robot for MT4 works, then only use it in a real account.
Recommendations on this Forex EA for MT4
- Minimum Account balance of 200$ cent account.
- Work Best on EURUSD (Work on any currency pair)
- Work the same on any TimeFrame.
- It does not work correctly on the strategy tester.
- To reach stable results, This Forex EA for MT4 should work on VPS without any interruption 24/7. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- ECN account is also Recommended (Find the Perfect Broker For You Here)
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