Corrective Trend EA operates on a unique principle that differentiates it from the myriad of trading bots available in the market. It’s designed to capitalize on corrective trend movements, a strategy that hinges on the strength of ongoing trends and trading volumes. Let’s delve into what makes the Corrective Trend EA stand out and address some of the claims made about its functionality.

Core Features of the Corrective Trend EA

The Corrective Trend EA bases its trading decisions on the strength and movements of market trends. Unlike many other EAs that might rely on complex or risky strategies, this EA uses a proprietary formula to determine when to enter and exit trades. Here are some of the core features as described:

• No Martingale Strategy: The EA steers clear of the martingale strategy, a method known for its high-risk profile by doubling down on losing bets in hopes of recovering losses with a single win.
• Commission and Swap Consideration: It considers trading commissions and swaps, ensuring that these costs don’t unexpectedly eat into profits.
• Non-Scalping: This EA does not engage in scalping, a trading strategy that attempts to profit from small price changes.
• Spread Size Irrelevance: Its operations are not hindered by the size of the spread, making it versatile across various market conditions.
• Economic News Insensitivity: Initially claimed to be not sensitive to economic news, this point warrants further discussion.

Trading Panel and User Interface

The Corrective Trend EA comes equipped with a user-friendly trading panel that displays traded pairs and their respective trading results. Users have the ability to interact with this panel in several ways:

• Profit and Drawdown Management: By double-clicking on the profit or drawdown figures for a specific currency pair, users are prompted with the option to close all transactions for that pair.
• Pair Disconnection: Currency pairs can be manually disconnected from trading by changing their display color from blue to black, indicating they are no longer active in the EA’s trading strategy.

Addressing Misleading Claims

Despite the innovative approach of the Corrective Trend EA, there are a couple of points that need clarification:

• Use of Grid Strategy: While it’s true that the EA does not use the martingale strategy, it does employ a grid strategy. Although less risky than martingale, this approach can still lead to significant drawdowns if the market moves unfavorably.
• Sensitivity to Economic News: Contrary to the claim of being insensitive to economic news, the EA does not include a news filter. This means that economic news can significantly impact trading results, either positively or negatively.

Please test in a demo account first for at least a week. Also, please familiarize yourself and understand how this Corrective Trend Robot works, then only use it in a real account.

Recommendations

• At least 500$ for one currency pair.
• EA is specially made to work on AUDCAD, GBPCAD, EURGBP, AUDNZD, and EURUSD. (Work on any currency pair)
• It works best on H1. (Work on any TimeFrame)
  • The number of trades increases with lower timeframes and decreases with higher timeframes.
• This Corrective Trend EA should work on VPS continuously to reach stable results. So we recommend running this MT4 EA Download on a reliable VPS (Reliable and Trusted FOREX VPS – MyfxVPS)
• The EA is NOT sensitive to spread and slippage. But We advise using a good ECN broker (Find the Perfect Broker For You Here)

Latency: 0.46 ms 2 Weeks Free Trial 100% Free for 24 Months

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	Low Spreads Leverage up to 1:500* No Commission	Free TradingView Premium* Register label FREE VPS for Traders*
	Min Deposit of 50$ Allow USA Traders Levergae up to 1:2000	Register label

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Input Parameters

• Lots: Set your trade lot to align with your risk.
• Magic Number: Unique ID for tracking your trades.
• Max Pairs in Trade: Limit the number of currency pairs to manage risk.
• Slippage: Adjust for price fluctuations during order execution.
• Order Comments: Add notes to your trades for clarity.
• Swap Consideration: Include swap rates in profit calculations.
• Commission Consideration: Account for all costs to accurately assess profitability.

• Read More MEF Algosoft MT4 Bot FREE Download

Conclusion

The Corrective Trend EA presents an interesting approach to Forex trading by leveraging corrective trend movements. Its avoidance of high-risk strategies like martingale and consideration for trading costs make it a noteworthy option. However, potential users should be aware of its use of a grid strategy and the potential impact of economic news on its performance.