The Elon Musk EA bot was created as an effective assistant for traders who are actively trading forex. This robot is named after the founder and head of the SpaceX space agency. Such a name is not accidental, because the developers have set a goal to make a breakthrough in the field of software for trading at the exchange and make the bot, which will provide a steady increase in profits on the trading account. This task was successfully achieved, as evidenced by the results of Elon Musk testing on real accounts of leading brokers: Lmax, NDDFX, FBS Broker and Pepperstone.
Key features of Elon Musk EA
Now the robot can work with any forex brokers, on MT 4/5 trading platforms . The developer of this algorithm is a successful trader with more than 10 years of experience, so updates are issued periodically, and active support from the author of the algorithm is online 24/5. Trading robot can trade on 26 currency pairs simultaneously. According to the results of testing on real accounts, the profit factor of the bot reaches 74%.
The creator of ElonMuskEa claims that the bot for forex trading works on a unique algorithm. The program makes a decision to make a particular transaction based on a set of factors:
- the results of the analysis of the dynamics of each currency in the selected currency pair;
- result of forecasting of further exchange rate changes;
- strategy of risk minimization.
Totally 16 indicators of the Forex market volume are taken into account when making a decision. Unlike previous generations of Expert Advisors, Elon Musk’s bot does not use the high-risk Martingale strategy. Also, the robot never opens more than one trade per currency pair at a time. Such “guards” allow avoiding situations when the trading account goes into deep drawdowns due to unexpected exchange rate changes.
Three steps to profitable forex trading with Ilon Musk’s trading robot
To start productive forex trading with Elon Musk EA robot-advisor, you just need to follow three simple steps:
- Download the archive with installation files from the official website elonmuskea.com to your computer;
- Open a trading account on any MT4/5 broker website;
- Rent a VPS-server, install and run the program-bot.
After the robot is running, the trader just has to wait for the first signals that the EA receives and makes a trade. The Expert Advisor works on accounts with a balance of $100 and more, with any leverage and on any timeframe.
Published on authoritative profile portals Review Elon Musk EA confirms the effectiveness and safety of the bot. Forex experts recommend the robot both for experienced traders who want to trade all 120 hours a week and conclude the maximum number of profitable deals, and for beginners. Thanks to the accurate trading signals and risk minimization strategy, with the help of Elon Musk, novice traders will be able to profit already in the first trading week.