Description

CEF Silicon Falcon EA V2.1: A Forex Robot Overview

The CEF Silicon Falcon EA V2.1 is an automated trading system designed to identify potential support and resistance levels in the Forex market. Below, I’ll provide key details about this EA, including its strategy, optimal settings, and considerations for traders.

Strategy

• Trading Approach: The EA trades the break of support and resistance levels in the direction of the trend.
• Profit Target: The average profit target is only a few pips, emphasizing the need for fast execution during volatile market periods.
• Currency Pair: The EA is optimized for the EURUSD currency pair.
• Timeframe: It operates on a 1-hour timeframe.

Key Features

1. Money Management:
   • The EA automatically adjusts lot sizes based on the risk setting used.
   • This feature helps manage risk and optimize position sizing.
2. Algo Alpha and Algo Beta Functions:
   • Algo Alpha identifies the size of the first support and resistance channel.
   • Algo Beta performs a broader sweep of the market, identifying the general trend.
   • Together, these functions provide traders with comprehensive market analysis.
3. Stop Loss Feature:
   • The EA includes a stop-loss mechanism to minimize losses by closing trades at a predetermined level.

 

Considerations

• Secret Algorithm (Striker): The EA uses a proprietary algorithm, which may raise questions about transparency and reliability.
• Spread Limitations: The maximum spread and minimum trades filled before spread calculation can impact the number of executed trades.

Recommendations

1. Minimum Deposit: While there’s no specific minimum deposit, consider starting with a reasonable amount based on your risk tolerance.
2. Testing: Always test the EA on a demo account before using it on a live account to understand its behavior and performance.

How to Get Started

1. Download and Installation:
   • Download CEF Silicon Falcon EA V2.1 from the provided link. https://yoforex.org/product/cef-silicon-falcon-ea-v2-1/
   • Visit our website https://www.yoforex.org/for additional resources and insights.Contact:  @yoforexpremium

 

😎💫Happy Trading💫😎