FX Pimp GT MT4
FX Pimp GT is a highly profitable and configurable expert advisor that is based on the Martingale approach. Numerous configuration parameters are available in order to boost the performance of this EA which can continuously run on consistent profits if used with appropriate risk to reward settings. It can fit any profile of trader, from intraday, high frequency fans, to daily long-term conservatives. FX Pimp GT can run on any symbol and timeframe, thus enabling a considerable number of configurations.
PROMO: ONLY 3 COPIES OUT OF 10 LEFT AT $99!
Next price: $199
Price will be kept high to limit number of users for this strategy
How it works
FX Pimp GT opens a new position whenever a new bar is opened, in the direction of the previously closed bar. If the take profit is hit, the procedure resumes on the next new bar. If the price moves in the opposite direction, new recovery positions are opened each time the negative price variation exceeds a predefined threshold. This variation is measured at the opening time of a new bar. In this Martingale approach, recovery positions have increasing volumes in order to lower the take profit level and thus to close all opened positions faster, with profit. FX Pimp GT runs only for the selected symbol and timeframe of the corresponding chart.
FX Pimp GT can run on virtually any VPS, including MQL5 VPS.
Click here for a breakdown of all FX Pimp GT settings, config files, charts and more.
- Before running FX Pimp GT on a live account, it is strongly advised to use Strategy Tester to identify the best configuration for the selected symbol.
- You can even run it on a demo account for several days in order to better understand the dynamics of the expert advisor.
- It is recommended to use FX Pimp GT on symbols that do not experience strong trend movements but are often flat and make consistent corrections.
- Use time interval restrictions for high frequency intraday trading to avoid risky price movements due to economic news.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Increase Step, Increase Step Threshold Type, Increase Step Threshold, Increased Step (points)