Introduction to Forex inControl Reborn EA
The Forex inControl Reborn EA is a state-of-the-art automated forex trading robot, designed to operate on the currency trading market with high efficiency and strategic entry points. Previously sold for $310, this expert advisor (EA) is now available for free, offering both novice and experienced traders an opportunity to leverage its capabilities without the upfront cost.
Key Features of Forex inControl Reborn EA
Dual Operational Modes
Forex inControl Reborn stands out with its versatility. It can function either as an independent system or concurrently with other EAs on a single trading account. This flexibility is crucial for traders who prefer to run multiple strategies in tandem, thereby maximizing their market exposure without significantly increasing risk.
Strategic Trading and Risk Management
Unlike many EAs that continuously place orders, Forex inControl Reborn is programmed to wait for the most optimal moments to enter the market. This selective trading approach helps in minimizing unnecessary exposure and focuses on quality rather than quantity of trades. Furthermore, it includes a sophisticated technology that automatically sets StopLoss for all orders. This feature ensures that the trader does not lose more than the preset amount, providing a robust risk management tool that guards against unexpected market movements.
Optimized for Specific Currency Pairs
Forex inControl Reborn is specifically optimized for trading on the EURGBP and AUDUSD currency pairs. The recommended settings for both pairs include:
- Minimum Deposit: $320 for 0.01 lot
- Time Frame: M30
User Guidance and Recommendations
Testing Before Going Live
It is highly advised that traders first run the Forex inControl Reborn EA in a demo account for at least one week. This preliminary testing phase is crucial to understand the EA’s mechanics and to ensure it performs as expected under live market conditions.
Understanding Market Conditions
Users should not be concerned if Forex inControl Reborn does not initiate trades immediately after installation. The EA performs extensive calculations to determine the most favorable trading opportunities, which may sometimes result in no new orders for a few days. Patience in these instances often rewards traders with more secure and profitable outcomes.
Conclusion: A Smart Investment in Your Trading Arsenal
With its advanced features and now being available for free, Forex inControl Reborn EA represents a smart investment for traders aiming to enhance their trading strategies. Its ability to manage risks effectively while allowing for multiple strategies on the same account makes it a versatile tool that can adapt to various trading styles and market conditions. Remember, understanding and testing the EA thoroughly before full-scale implementation is essential for achieving the best results.
