STIRPROFIT EA review
If you need a Trend bot, then the developers offer the new STIRPROFIT EA software, which promises users a lot of profit and a minimal drawdown. Let’s make a STIRPROFIT X review and see how interesting this algo Forex bot will be for making a profit. There is no STIRPROFIT FREE Download link in this article, as this is a very dangerous trending Expert Advisor and we do not want to be an accomplice in the massacre of your trading account. Sorry!
STIRPROFIT EA main features
So, according to the developers’ recommendations, you can use Trend bot on any currency pairs (recommended assets are EURGBP, GBPUSD, EURUSD and AUDUSD.
It is recommended to take H1 timeframe, although the adviser should be able to cope well with trading operations on other timeframes.
The minimum deposit to start the trading process is recommended to be at least $3,000. This is a lot, but due to the fact that the STIR PROFIT trend bot uses averaging tactics (a dangerous tactic), so it needs a fairly large margin and free equity.
Leverage in this case, you need a large one. Not less than 1:500. If it is possible to use more, then use even more leverage. It will be very necessary for you.
Once this monitoring was on MyFxbook, but the author deleted it…probably because the trading robot killed it!
The STIRPROFIT X MT4 algorithm is based on indicators that analyze the dynamics of quotes movement and give signals for new transactions. The main indicator is RSI, which shows reversals in overbought and oversold zones. While the Moving Average determines the direction of the trend on the working timeframe, as well as on higher timeframes (for filtering transactions).
So, the trading tactics of this Trend Forex bot is as follows:
- STIR PROFIT determines the direction of the trend using a moving average (let’s imagine that this is the direction of growth)
- Next, STIRPROFIT MT4 looks at the RSI indicator and waits for it to reverse in the oversold zone. That is, the growing trend at this moment reaches its lowest point and starts the growth stage again.
- When these two conditions are met, Trend bot makes a BUY trade and sets Take Profit according to a certain algorithm. This order will move further according to the trailing stop algorithm.
- The STIRPROFIT trending robot does not bet Stop Loss. And here we want to draw your attention to the big minus of this trading system. Because, in this way, the trader’s transactions are not protected by anything. If the market goes in the opposite direction, then the loss on the account will accumulate and this threatens to lose capital in the future.
- To get out of the drawdown, STIRPROFIT Forex bot makes new deals, that is, it averages previously opened positions in order to get a total profit on all previously opened trading positions. And this is another minus, because if quotes continue to go in the wrong direction, then the loss will accumulate like an avalanche – it will get bigger exponentially.
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As for tracking real statistics, here is STIRPROFIT MyFxbook monitoring, which has a couple of percent profit and not very good profitability statistics.
On this monitoring, the trend bot trades only on GBPUSD. So, we cannot say what profitability dynamics STIRPROFIT X shows on other currency pairs.
If you want to find the STIRPROFIT FREE Download link, then it is not in this article. Look for free access to this extremely dangerous robot elsewhere.
What can we say as a result?
So, STIRPROFIT X MT4 is a dangerous trading robot, to use which you need a large trading deposit, a large leverage of 1:500 (you can find such a leverage with the ICMarkets broker), as well as luck (it will come in handy if the market stays for a long time). go against your trades).
If you want to lose your money, then feel free to take STIRPROFIT X and put it on your trading account. We promise – in a few months you will definitely lose most of your deposit, and maybe all the money at once (this also often happens if you use Trend bots with dangerous trading styles).
The best broker for trading
RATING ON TRUSTPILOT 4.9/5
We could advise you to withdraw profits from your trading account in parts (every time this Forex bot doubles the deposit), so STIRPROFIT X MT4 could not destroy all your money, but we see that this trend bot shows very sluggish dynamics on Myfxbook monitoring profitability. That is, he makes money very slowly. In simple words, this trading bot will not have time to double your capital until the moment of capital loss. So, pass by – STIRPROFIT X FREE Download you don’t need even for free!