IPRO Zar EA
The IPRO Zar EA is an expert advisor that was developed by IPROFX. The developers of this software say that it’s specifically designed to trade the EUR/USD currency pair on the MetaTrader 4 platform.
The developers of this software also say that it can trade both long and short positions and that it can be used with any account size.
Description forex IPRO Zar EA
The IPRO Zar EA is a forex expert advisor that trades the EUR/USD pair on the 5-minute timeframe. The system uses a unique algorithm that adapts to market conditions and automatically calculates the best entry and exit points for each trade.
The IPRO Zar EA is designed for use with the MetaTrader 4 (MT4) trading platform and can be used with any broker that offers this platform. The system comes with detailed instructions on how to install and use it.
Review forex IPRO Zar EA
The IPRO Zar EA is a forex trading robot that has been designed to trade the major currency pairs. It uses a scalping algorithm to place trades and has been designed to work with all brokers. The EA has been optimised for the GBPUSD currency pair and can be used on any timeframe from M1 up to H4. The default settings are optimized for a GBPUSD account with a leverage of 1:500 and a lot size of 0.01.
The IPRO Zar EA is a fully automated trading system and comes with a set of default parameters which have been optimized for the GBPUSD currency pair. However, the EA can be easily configured to trade other currency pairs as well. The main advantage of this EA is its scalping algorithm which enables it to place trades very quickly and profit from small price movements. Another advantage is that it can be used on any timeframe from M1 up to H4, which gives traders a lot of flexibility in terms of their trading strategy.
Trading results with IPRO Zar EA
IPRO Zar EA is an expert advisor that trades on the Metatrader 4 (MT4) platform. The EA is based on the ZAR indicator, which is a trend following indicator.
The EA uses a martingale money management strategy and has a built in risk management system. The EA is compatible with all brokers that offer MT4 trading platform.
The IPRO Zar EA has been designed to trade on the EUR/USD currency pair. The default settings are:Martingale money management with a 2% risk per tradeStop Loss: 20 pipsTake Profit: 40 pipsCurrency Pair: EUR/USDTimeframe: M15
The IPRO Zar EA has been tested on a live account and backtested on historical data. The results of the tests are shown below:
Live Account Test Results:Starting Balance: $5000Profit/Loss: +$2193Drawdown: 18%Test period: 1 month
Backtest Results (default settings):Profit factor: 1.51Average win trade: 41 pipsAverage loss trade: -28 pipsWinning trades % : 58%Profitable months % : 72%Max drawdown : 14%Test period : 7 years
Free Download IPRO Zar EA
If you are looking for a free download of the IPRO Zar EA, you can find it here. This EA is a scalping EA that uses a very simple strategy. It will place two pending orders at a time, one buy stop and one sell stop. If either one of the orders is triggered, the other will be cancelled. The take profit for each trade is set at 10 pips.
This EA does not use any indicators and relies solely on price action. It works best on the M1 timeframe with any currency pair. The default settings are optimized for EUR/USD, but you can also try it on other pairs if you wish.
To get started, simply download the EA and attach it to your chart. Make sure to test it on a demo account first to see how it performs.