An automatic Quick Trading EA called Low Drawdown EA is available for free download. It is specifically made for trading gold (XAUUSD). But according on my tests, it also performed well on EUR/USD. The indicators used in this expert are entirely private indicators that were developed using a developer’s own methodology and have nothing to do with the widely used indicators that are now on the market.
It does not using risky trading strategies like grid, martingale, etc. It executes 4–10 trades per day in Gold, and 1–2 deals per day in the EURUSD. It only opens one trade at a time and doesn’t last longer than a minute. All transactions are always protected by a small stop loss, and as a take profit, this low drawdown EA.
It can trade with a fixed lot or use an auto lot and increase the size of the transaction automatically according to the specified criteria. The maximum drawdown percentage is low for this EA, which allows using this adviser on a small deposit.
Please test in a demo account first for at least a week. Also, please Make yourself familiar with and understand how this Low Risk Robot works, then only use it in a real account.
Recommendations for this Low Risk EA
- Minimum account balance of 300$ for Gold and 100$ for other currency pairs.
- Work best on XAUUSD, and EURUSD. (Work on any pair)
- Work Best on M5 TimeFrames. (Work on any time frame)
- it’s susceptible to slippage, spread, and slow execution.
- This Low Drawdown Robot should work on VPS without any interruption with low latency to reach stable results. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)