The Eternal Engine EA is designed to enhance trading efficiency through the use of various indicators and strategies. By combining multiple approaches, this EA aims to offer traders a well-rounded and dynamic trading experience. Eternal Engine EA operates continuously, capturing a variety of trading opportunities without sensitivity to spreads, making it adaptable to different trading platforms. However, it utilizes a martingale strategy, which can lead to substantial drawdowns, so it requires careful consideration of risk.
Key Features
All-Day Trading – Eternal Engine EA is designed to trade around the clock, providing consistent market participation across different sessions.
Customizable Grid Distance and Volume Multiplier – Traders can adjust the distance between grid levels and the volume multiplier, allowing for a more tailored approach to position sizing and trade frequency.
Flexible Symbol Management – The EA allows customization of the number of symbols to trade simultaneously, enabling traders to diversify or focus on specific pairs as per their preference.
Adjustable Drawdown Limits – Users can set an acceptable drawdown range to manage risk effectively. This flexibility helps to ensure that trading continues only within pre-defined risk parameters.
Risk Management Options – Eternal Engine EA incorporates multiple ways to control risk, allowing traders to configure parameters according to their risk tolerance and trading goals.
Spread Resilience – The EA is not highly sensitive to spread fluctuations, making it compatible with a variety of trading platforms and market conditions.
Martingale Strategy and Drawdown
One of the primary strategies employed by the Eternal Engine EA is a martingale, which can lead to increased position sizes in response to losing trades. While this can potentially recover losses, it also increases the risk of significant drawdowns. Therefore, managing capital carefully and setting conservative risk parameters when using this EA is essential.
Recommendations
- Even though it uses the martingale from the test, it seems to work fine on a $ $1000 deposit. However, I would still be cautious when using a low deposit and recommend at least a $3000$ or equivalent cent account.
- Work best on GBPUSD, EURUSD, AUDCAD, AUDNZD. (Work on any pair)
- Work almost the same on all TimeFrames.
