MyFxBots

Benefit EA Review Introduction

Benefit EA automatically sets TP on a minimum number of points of the price without being discovered by the broker until all trades are closed with the ability to open the next series order manually then the EA will calculate the potentially profitable TP for the entire series and continue to work according to its core algorithm.

License

1 License or 3 Licenses according to the version purchased.

Compatible Brokers

  1. Leverage 1:1000, 1:500
  2. Min lot = 0.01
  3. 5 decimal points
  4. Max lot for one order >= 100
  5. Max count of trades per one pair >= 30

Recommended Broker / VPS

Tickmill ECN-Pro Account With TradingFX VPS are the Recommended Broker Account / VPS Combination.

Account Balance

A recommended minimum of $100 for a cent account or $10 000 for a standard account.

Supported Currency Pairs

EURJPY, EURUSD, USDJPY, USDCAD, USDCHF, AUDUSD and GBPUSD

MT4 Chart Timeframe

M1, M5 and M15

Live Performance Results

Settings
Default Settings
Started On
May 11, 2020
Leverage
1:500
Broker
RoboForex
Account Type
Real
Starting Balance
$198,504.63
Settings
Default Settings
Started On
Jun 22, 2020
Leverage
1:500
Broker
RoboForex
Account Type
Real
Starting Balance
$268,460.29
Settings
Default Settings
Started On
May 06, 2020
Leverage
1:500
Broker
RoboForex
Account Type
Real
Starting Balance
$100,267.87
Settings
Default Settings
Started On
Feb 13, 2020
Leverage
1:500
Broker
Equiti
Account Type
Demo
Starting Balance
$50,000.00

Backtests

Strategy Tester Report USDJPY Forex4you

Strategy Tester Report USDJPY Forex4you

Trading Strategy

  • It's a horizontal TP line used by the EA to close orders.
  • This line is recalculated every time the EA starts an order series either automatically or manually.
  • When the price comes close to the TP line with a preset distance defined as Tral_Start, the line color is changed to the Tral_Color and the EA is triggered to trail profits of all the series.
  • Tral_Size is another preset value which limits the TP line following the price when it moves in the right direction, but when it doesn't and reverses, the series will be closed at the TP level.

Benefit EA can trade on more than just Currency Pairs, it can trade CFD ang Metals too.

It includes a multiple strategy trading system in different market conditions, so it can trade in a trend and flat markets, on pullbacks during market correction and as a scalper!

It also has a powerful protection system against balance loss that minimizes the risks!

It quietly tolerate temporary disconnection.

Promotional Video (by the Developer)

Talk about Benefit EA


Phoenix Pegasos Wed Oct 19th, 2016
Stay away from this unless you like throwing your money away. The Draw Down is very high and it will blow your money. It got up to over 80% when I ran it on my real account. They say you need $10,000 to really get it going properly. But I say If they can't make it work without blowing up on $1000 why would you even take a risk on even more. Save your money for a nice holiday you'l get more satisfaction than using this EA. There are better ones out there like Forex Flex or Robotron and a lot cheaper too and they even honour their money back guarantees. Thumbs DOWN to Benefit EA.

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.

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