Look for trading robots that make a profit on real accounts. Silver moon EA is just such an Expert Advisor, the results of which are confirmed by monitoring from a real account. We will analyze its work in order to understand how profitable and safe it is. So let’s start!
Review Expert advisor Silver moon MyFxbook monitoring
So, we have found two monitoring of the Silver moon Forex robot. One is on the MQL5 website, and the second is on MyFxbook. This is good news, because both of these monitoring are carried out on real accounts! This means that any user will be able to repeat this profitability on their LIVE account.
EA Silver moon MQL5 monitoring
EA Silver moon MyFxbook monitoring
It is much more efficient to analyze the dynamics of trading robots on the site of the MyFxbook monitoring service. Therefore, we will consider the dynamics of Silver moon EA on this service. Even despite the fact that work is tracked here for a shorter period. In any case, at the moment we can analyze in detail how Silver moon EA free download works.
So, we see that MyFxbook has been monitoring since May 2022 until today (October 2022). During this time, the Silver moon expert advisor brought 79% profit with a maximum drawdown of 49%. This is a big drawdown, and it means that the work of this Expert Advisor is potentially dangerous. However, the adviser trades and makes a profit. So, taking risks, you can also get profit. In any case, trading any Expert Advisor is a potential danger.
In the tab for the number of trading assets, we see that Silver moon EA free download is multi-currency and works simultaneously on 3 currency pairs: GBPAUD, USDCHF, GBPJPY:
These are very different currency pairs, the dynamics of the quotes movement of which is very different. It is not clear why the author of the Expert Advisor made such a choice. However, this suggests that the Expert Advisor is not picky about the choice of a currency pair and will be able to work on other currency assets as well.
The expert’s trading time is around the clock, while there is no clearly defined trading dynamics during the European or American or Asian session. In any given session, EA Silver Moon makes almost the same number of trades. It’s also good.
The average time of holding trading positions in the market is about 2 hours. At the same time, we see the following profit-loss ratio: Average Win: 11.08 pips / Average Loss: -19.05 pips. If you do not understand, then these are indicators of a scalping strategy. And of course, the grid and the martingale were also included. The Silver Moon expert advisor uses several orders in trading at once and increases the trading lot in order to more effectively exit the drawdown.
How to use Silver moon EA free download correctly
So, in order for you to be able to receive the same profit as on the monitoring above, you must clearly fulfill the following conditions:
- Minimum deposit: $1000 for 1 currency pair
- Leverage: 1:500
- Account type for trading: ECN, RAW and other ultra-narrow spread accounts.
- Recommended Broker: Considering the requirements listed above, we recommend choosing ICMarkets. If you are a citizen of one of the EU countries, then choose ICMarkets Global when registering. Only in this way you will get a leverage of 1:500:
- Currency pairs for trading: GBPAUD, USDCHF, GBPJPY (as on monitoring by the author), but you can try on other assets.
In any case, start using Silver moon EA free download on a demo account. Because trading is always dangerous and you need to make sure that this version of the hacked Expert Advisor works as well as the licensed one. And of course, you need to make sure that it suits you and you like how EA Silver Moon trades.
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RATING ON TRUSTPILOT 4.9/5
Our opinion on Silver moon expert advisor
We believe that Silver moon EA is one of the most dangerous trading robots because it uses martingale and grid. However, such money management systems are used very often and very effectively (despite the danger). So, it is necessary to try, but very carefully! At a minimum, we advise you to withdraw profit from the account every time the adviser doubles the size of the deposit.
And of course, don’t forget the golden rule – you can’t put all your eggs in one basket. Distribute capital among different expert advisors. In this case, the collapse of one Expert Advisor will not bring you big losses. For the Silver moon expert advisor, we recommend using no more than 10% of your capital.
Silver Moon EA free download
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