The SilverFox EA is an advanced forex trading robot that utilizes a proprietary algorithm to identify and capitalize on small price movements. With proper use, this expert advisor has the potential to generate consistent profits for forex traders using the MetaTrader 4 platform.
Overview of the SilverFox EA
The SilverFox EA was designed by a team of experienced forex traders to trade automatically on the popular MetaTrader 4 platform. It is optimized for the EUR/USD currency pair on the 5-minute timeframe, but can work successfully on other forex pairs and timeframes as well.
This expert advisor opens an average of between 25 to 50 trades per day, depending on market conditions. It uses intelligent logic to determine optimal entry and exit points based on a combination of technical indicators and price action. The EA is very flexible, with over 15 customizable input parameters so traders can fine-tune it to their preferences.
Some key features and benefits of the SilverFox Expert Advisor include:
- Proprietary trading algorithm optimized for consistent profits
- Can trade multiple currency pairs and timeframes
- Robust risk management features to limit losses
- Numerous customizable settings for full flexibility
- Suitable for both demo and live trading
Performance Statistics & Trade Examples
Extensive backtesting shows that the SilverFox EA is capable of generating steady profits over time. The MyFxBook verified track record shows the EA grew a $5,000 account by +92.45% over a 6 month period, with an average monthly gain of around 11%..
The expert advisor efficiently capitalizes on small price movements, with most trades closing in profit within an hour or two. Over time, these small wins accumulate into substantial gains.
Benefits for Forex Traders
For active forex traders, the SilverFox EA provides multiple advantages:
- Fully automated trading 24/5, reducing workload
- Consistent execution of proven strategy
- Efficient trade entries and exits
- Effective money management parameters
- Customizable settings to match risk tolerance
- Can run seamlessly in the background
The expert advisor does all the heavy lifting, freeing up traders to focus on other endeavors. With the SilverFox EA, even part-time traders can benefit from algorithmic trading opportunities.
How to Install and Use the SilverFox EA
The SilverFox EA works seamlessly with the MetaTrader 4 platform. Here is a step-by-step guide to installing and running the expert advisor:
- Download the SilverFox.ex4 file to your computer.
- Open your MetaTrader 4 platform. Click File > Open Data Folder.
- Copy SilverFox.ex4 into the MQL4 > Experts folder.
- Restart your MT4 platform to load the EA.
- Drag the SilverFox EA onto a currency pair chart (for example EUR/USD 5 min).
- Input your preferred [parameters](link to section below) in the Inputs tab.
- Enable auto trading and the EA will now trade your account automatically!
We recommend starting with a demo account to evaluate performance before risking real capital. Monitor trades regularly and adjust inputs as needed to align with your goals.
SilverFox EA Parameters & Settings
One advantage of the SilverFox EA is the ability to customize trading behavior through input settings. Here are some key parameters traders can adjust:
Trading Hours – Choose the start and end time each day the EA trades. Can skip Fridays.
Lot Size – Select either fixed lot size or calculate lots automatically based on account size.
Take Profit – Set the desired profit target for each trade.
Max Spread – Maximum spread to enter trades. Wider spreads increase costs.
TP Friday – Custom take profit size for Friday trades.
There are over 15 other adjustable inputs – explore each setting to create your optimal strategy. Conservative parameters reduce risk. Aggressive settings increase activity.
The Bottom Line
For forex traders looking to capitalize on short-term price movements around the clock, the SilverFox Expert Advisor is an excellent option. The combination of a proven trading strategy with extensive customization makes this EA a versatile addition for MetaTrader 4 users.
With the proper parameters aligned with your goals, the SilverFox EA can execute trades effectively on your behalf so you can devote time to other endeavors. If you are considering algorithmic trading, be sure to check out this top-rated expert advisor.
SilverFox EA Metatrader 4 Free Downlaod
The SilverFox EA is an advanced forex trading robot that utilizes a proprietary algorithm to identify and capitalize on small price movements
Application Category: MT4 Software
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