If you're thinking about purchasing the ELM EA forex robot, then you'll want to read this review first. I'll share my opinion on the pros and cons of this software, as well as my overall experience with it. First, let's start with the pros. The ELM EA is easy to install and set up, even for someone who isn't particularly tech-savvy. It also comes with a user manual and video tutorial, so you can be sure that you're using it correctly. I've found that it's a reliable software, and it has definitely helped me to make some profitable trades during 2 months. Now for the cons One downside of the ELM EA is that it doesn't work with every broker. So if you're using a less popular broker, you may not be able to use this software. The ELM EA MT5 PRO version works much better than MT4. Not all brokers provide MT5.Additionally, the customer support isn't always responsive, so if you run into any problems, you may be on your own. Overall, I would say that the ELM EA is a good choice for those looking for an easy-to-use forex robot that can help them make profitable trades. Just be aware of the potential downsides before making your purchase.
What should my lot sizes be? A: recommended is 0.01 for every $150 in your account ($300 = 0.02)
How does the bot take trades? A: The bot takes trades based on Rsi's , moving averages and market structure.
How do I run the bot? A: Make sure you register with a forex broker that is available in your region. Download their mt4 platform on your PC and then follow installation video in files.
What pairs should I activate? A: Recommended is EuUsd . But works on all, test before you activate on other pairs.
Can the bot run if I turn off my PC? A: active trades will still run but robot functions won't work like trailing stop loss and take profit. You could use a VPS if you wish.
What is a VPS A: a VPS is a Virtual Private Server
Will the robot blow my account? A: trading is risky, therefore invest what you're willing to lose.
How do I change my lot sizes? A: When dragging the bot over a pop-up me u will appear. Go to inputs. Double click on lot size and change to your preferred lot size(see Q2) and then change the max lot to the same lot size.
What is the refferal bonus? A: When you refer someone and they buy a bot you can earn a "second" income and receive 50% from every successful referral
Forex robot takes trades based on Moving averages , RSI's and market structure . It has trailing stop loss and take profit features. It's averages about 20-70% a month based on backtesting ect ect. Works with any forex broker that supports the meta trader 4 platform. Comes with installation & activation video, user manual And aswell 24/7 assistance if u have any problems. All u gotta do is register with a forex broker in your region. Download the mt4 platform on their website. And your all set to go with a simple file copy and paste
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