MyFxBots
Updated on Tue Feb 2nd, 2016

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

XM Broker Account, IC Markets Raw Spread Account, or Tickmill ECN Pro or Classic 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

Gomel 50k GBP/USD M15 Forex Trading System by Forex Trader BenefitEA

Gomel 50k GBP/USD M15 Forex Trading System by Forex Trader BenefitEA
Settings: Default Settings
Started On
Jun 20, 2020
Leverage
1:500
Broker
RoboForex
Account Type
Real
Starting Balance
150,159.77

30 winners each month Ñ…3 chances to win 100k a monthly prize pool A Grand Prix with a prize pool of $300,000

RoboCent $500 start M15 GBP/USD Forex Trading System by Forex Trader BenefitEA

RoboCent $500 start M15 GBP/USD Forex Trading System by Forex Trader BenefitEA
Settings: Default Settings
Started On
Jun 22, 2020
Leverage
1:500
Broker
RoboForex
Account Type
Real
Starting Balance
$268,460.29

30 winners each month Ñ…3 chances to win 100k a monthly prize pool A Grand Prix with a prize pool of $300,000

Roboforex Mt5 50k GBP/USD M15 Forex Trading System by Forex Trader BenefitEA

Roboforex Mt5 50k GBP/USD M15 Forex Trading System by Forex Trader BenefitEA
Settings: Default Settings
Started On
May 06, 2020
Leverage
1:500
Broker
RoboForex
Account Type
Real
Starting Balance
$100,267.87

30 winners each month Ñ…3 chances to win 100k a monthly prize pool A Grand Prix with a prize pool of $300,000

Reference 50k start GBP/USD M15 Equiti Forex Trading System by Forex Trader BenefitEA

Reference 50k start GBP/USD M15 Equiti Forex Trading System by Forex Trader BenefitEA
Settings: Default Settings
Started On
Feb 13, 2020
Leverage
1:500
Broker
Equiti
Account Type
Demo
Starting Balance
$50,000.00

CopyFX Roboforex by Benefit-EA GBP/USD M15 Forex Trading System by Forex Trader BenefitEA

CopyFX Roboforex by Benefit-EA GBP/USD M15 Forex Trading System by Forex Trader BenefitEA
Settings: Default Settings
Started On
Oct 18, 2020
Leverage
1:500
Broker
RoboForex
Account Type
Real
Starting Balance
270,537.25

30 winners each month Ñ…3 chances to win 100k a monthly prize pool A Grand Prix with a prize pool of $300,000

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 Videos (by the Developer)

By:
4.69/5
100 total votes.
$ 500
Benefit EA 1 License $ 750
Benefit EA 2 Licenses $ 1000
Benefit EA 3 Licences

Talk about 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.