AUDNZD Otaku EA review
Probably, this is one of the worthy robots for expanding the trading portfolio – AUDNZD Otaku EA. He is able to work with a leverage of 1:1 or more, does not use dangerous trading methods (martingale, gridding techniques or hedging). There are many advantages and some disadvantages in this Forex bot. We have prepared for you the EA Otaku Review, thanks to which you will be able to make a decision whether you need this Forex software or not. So let’s get started!
AUDNZD Otaku EA Trading Strategy
This trading bot belongs to scalpers and trades only on one AUDNZD currency pair, which is characterized by an almost constant flat. To be more precise, the Otaku Forex robot trades in a price channel and makes deals at the time of the rebound of quotations from the boundaries of this channel.
Here are the results that Otaku EA brings on a 1:1 leverage
Do not be confused by the small profitability of this adviser, because the leverage is very small. And if the owner of this robot had set a leverage of 1:500, then on the quotation chart we would now see a profit of about 200%, which this forex bot managed to earn in just 6 months. Recall that the adviser does not use martingale or grider techniques. So such results can be considered very, very worthy.
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Of course, scalping in the price channel during a flat cannot be carried out around the clock. Even on AUDNZD (on which Otaku Forex robot works) in the European and American sessions we can see a flat. Therefore, the developer of this software has installed a time filter and the trading bot only works from 18 to 22 hours (European time). Roughly speaking – from the beginning of the Asian session to the beginning of the market rollover. Classically, such a time interval is used in “Asian” Forex scalpers.
The timeframe for trading M5, on which the main number of indicators of this robot works. Although in addition, this Forex bot clarifies the direction of the trend, volatility on older timeframes, which is quite logical, since on M5 the adviser does not understand at all which way the trend will move.
The profit factor of such a trade is 1.38, which is very small, however, judging by the profitability chart of AUDNZD Otaku EA MyFxbook, this does not prevent this Expert Advisor from making a profit with a small drawdown.
Our recommendations regarding AUDNZD Otaku EA
Despite the advantages described above, there are also disadvantages that speak in favor of the fact that Otaku Forex robot does not need to be bought. Here is a list of all these factors:
The trading robot has monitoring on MyFxbook only on a demo account. This suggests that this forex bot cannot work on a real account. If I could, the developer would definitely do monitoring on a real account. Now tell me, why do you need a robot that can only work on a DEMO?
The AUDNZD currency pair, of course, floats beautifully and in theory a lot of channel strategies work on it, but in reality everything is completely different. There is a floating spread on this currency pair, which has a very large range of expansion-contraction. At the same time, the AUDNZD spread expands precisely at the price candlesticks at the borders of its volatility range. That is, exactly in those places where (according to the trading strategy) AUDNZD Otaku EA should make transactions. There are no such extensions on the demo account, so the Expert Advisor shows profitability on the demo, but you will not see profitability on the real one!
Perhaps if you choose the right broker for trading, use a high-speed VPS server, then this trading robot can bring you at least some profit. We will not claim that Otaku Forex robot is a concrete shit. At least you can test it on a small deposit.
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However, we will not post EA Otaku Free on our website. This will violate the intellectual rights of the developer. Moreover, this forex bot can be potentially dangerous for your deposit! If you need the AUDNZD Otaku EA FREE Download link, then you can find it on the Internet.
If you decide to use AUDNZD Otaku EA FREE Download, then use it according to this algorithm:
- Choose a good broker with a minimum spread on AUDNZD – we recommend using ICMarkets RAW accounts.
- Use a leverage of 1:500 on an account size of $100.
- Set a fixed lot size of 0.01 in the manual settings of AUDNZD Otaku EA (the minimum lot size of all possible).
- Place the trading platform on which Otaku Forex robot will work on a high-speed VPS. Make sure that the VPS server is located close to the broker’s server (you need a ping of no more than 50 milliseconds).
Most likely, under such conditions, AUDNZD Otaku EA FREE Download will be able to bring you some profit.