The Vigorous MT4 Forex Robot is designed to trade the EUR/USD currency pair. Its strategy involves analyzing the market’s overall trend using larger time frames and entering trades that follow this trend.
Vigorous EA follow the direction of the main trend and look for small price dips to enter short-term trades. These trades typically aim for quick profits between 3 and 9 pips. This kind of trading is also known as scalping.
Key Features of Vigorous EA
Use of Grids and Recovery
One of the key features of Vigorous EA is its recovery system. When a trade, such as a long (buy) position, doesn’t go in the expected direction, the robot opens additional long positions. These extra trades help recover losses once the price eventually moves in the trader’s favor. All trades in this group are then closed together when a specific target is hit.
This approach is known as a “grid system,” and it only activates when the larger trend is considered active. While such a system can help during unpredictable market movements, it can also cause high drawdowns.
Lot Sizes and Money Management
The lot size and the amount of each trade are flexible and customizable. The first trade usually starts at 0.01 lots, with the following trades increasing in size based on user preferences and market activity. The user can set how much larger each new trade will be and how many trades in total can be opened at once.
This flexibility in lot sizing and trade limits is part of this MT4 Forex Robot “flex-grid money management.” It is intended to adapt to changing market conditions. Since the system allows for multiple open trades with increased lot sizes, managing risk becomes important.
Risk and Customization Options
Vigorous EA provides user-defined settings to help traders manage this risk. Traders can set the maximum number of trades, adjust the lot size multiplier, and configure other trading strategy elements. These features let users tailor the EA to suit their risk tolerance and trading style.
Customization options also allow traders to turn on or off the grid mode (which adds to a position only when a trade is in a loss) and change the trigger for increasing lot sizes. These settings allow the EA to behave differently depending on market conditions and the trader’s preferences.
Recommendations
- Minimum cent account balance of 50$ or equivalent standard account. (The developer states that it can function with a standard account of $5,000.)
- Works best on EURUSD. (Work on any Pair)
- It works best on M1. (Work on any TimeFrame)
