The AI Price Action Robot is a trading tool that merges the Price Action Method with advanced Artificial Intelligence technologies. Unlike many traditional trading robots, it does not rely on any indicators. Instead, it operates based on price action principles, making it unique in its approach.

Key Features of Price Action Robot

• Indicator-Free Trading – This price action robot does not use any indicators, which sets it apart from many other EAs.
• Performance on Gold – Gold has shown stable performance, specifically on the gold pair, making it a go-to choice for traders focusing on this commodity.
• Proven Stability – The AI Price Action Robot has consistently and reliably performed over a decade of backtesting.
• Safety Mechanisms – The EA does not employ high-risk trading methods like martingale. Instead, it ensures all transactions are protected by take profit and stop loss, offering a layer of security to users.
• Ease of Use – With its fully optimized design, the price action EA is easy to install and requires minimal input from the user. The input parameters list is straightforward, making it accessible even for those new to automated trading.

Caution on AI Integration

While the term “Artificial Intelligence” is often highlighted in the promotion of this EA, it’s important to approach such claims with a critical mindset. While the integration of AI in trading tools is a popular buzzword, the actual application can sometimes be less sophisticated than advertised. Thus, traders should evaluate the robot’s performance based on empirical evidence and their own trading experience.

Please test in a demo account for at least a week first. Then, please familiarize yourself with and understand how this AI Price Action Robot works, and only use it in a real account.

Recommendations for Price Action EA

• Minimum account balance of 100$.
• The robot is specially made and optimized to work on XAUUSD(Gold). 
• Work best on M5 TimeFrame. (Work on any TimeFrame)
• Price Action EA should work on VPS without interruption and low latency to reach stable results. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
• Low Spread account is also Recommended (Find the Perfect Broker For You Here)

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Input Parameters

Time Settings

• Start Hour/Minute: Set the hour and minute to start the EA.
• End Hour/Minute: Set the hour and minute to stop the Price Action Robot.
• Use Additional Time Period (true/false): Enable to set an extra trading period, separate from the main one.

Risk & Volume Settings

• Risk Percentage: Set the risk percentage per trade based on your deposit.
• Risk Profile: Choose from Low, Medium, or High Risk, calculated based on lot size per deposit amount.
• Fixed Volume: Set a fixed lot size for all trades.

Recovery Settings

• Recovery (true/false): Enable the increase in lot size after a loss.
• Recovery Coefficient: Set the multiplier for lot size increase after a loss.

Take Profit & Stop Loss Settings

• Take Profit: Set the profit target in points.
• Stop Loss: Set the loss limit in points.

Trail Settings

• Trailing (true/false): Enable trailing stop.
• Trailing Trigger: Set the points move required to activate the trailing stop.

Additional Settings of Price Action EA

• Deals: Limit the number of open trades.
• Slippage: Set the slippage filter.
• Comments: Add any commentary.
• Magic: Identify trades without affecting them.

News Filter Settings

• News Filter: Enable/disable the news filter.
• Period Before News: Set the time before news to avoid opening trades.
• Period After News: Set the time after news to avoid opening trades.

Updated on 2024/09/28

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Conclusion

In summary, the AI Price Action Robot offers a combination of price action methodology and artificial intelligence, aiming to provide a stable and secure trading experience, especially for those trading the Gold pair. However, as with any trading tool, it’s essential to assess its capabilities thoroughly and not solely rely on marketing terms.