BenderFX v2 is a robot for MT4. Its functionality is based on price action, Fibonacci extensions, and Fibonacci retracements. It has the option to enable the functionality with stop loss if desired. It performs the grid strategy if the price goes against it. It uses martingale or fixed lot, configurable its parameters.
- It must be used in the M30 or H1 timeframe.
- In lower timeframes, a bigger risk is assumed. Therefore, it must be used with extreme care and a higher balance.
- It functions for the following currency pairs: EURUSD, GBPUSD, USDCAD, AUDCAD, and AUDUSD.
- You may automatically set the schedule of operation and choose the best trading session to deem appropriate for you if you wish.
- It functions for standard accounts, cent accounts, and micro-accounts. The results may vary in accordance with the own characteristics of the broker.
- Minimum balance of $1000 for each pair
- Standard, cent or micro broker
- MT4 Account
- VPS (Recommended)
- BenderFX EA Work Based on Fibonacci retracements and extensions plus Price Actions.
- Developers claim to implement Machine Learning techniques to reduce the risk of the operation without threatening profitability plus obtained customs sets using a Genetic algorithm.
- Developers claim Monthly profit between 40 to 80 percent of the initial capital.
- BenderFX EA also uses martingale strategy. Unlike most of the other martingale, EA’s This doesn’t place random entries, rather it uses Price Action plus Fibonacci and advances Machine Learning techniques.
Many traders have commented that they have worked perfectly with $300 accounts.
Work Best on pairs: AUDCAD, AUDUSD, EURUSD, GBPUSD, USDCAD, (work on any pair)
Work Best on TimeFrame: H1- but work on any.
BenderFX EA works on ECN Accounts