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Brainyforex has tested this EA on demo account. Read about our 4 star rating below.
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primeval was a huge success tested on demo account Not rated yet
4 stars. Brainyforex tested Primeval EA for 66 calendar days. From 26 October 2011 to 30 December 2011 on demo account - Alpari UK. Primeval was run …
Quick facts from official website:
Primeval-EA is a fully automated Forex robot that needs no human
intervention. You just need to place it on a chart and it trades by
itself. It works with all Forex brokers using the MetaTrader platform,
including ECN and 5-digit brokers, it detects your broker’s digits
automatically before it places a single trade.
Our Expert Advisor has been sharply designed to operate on
THIRTEEN currency pairs with NINE Built In Very Advanced &
Profitable Strategies. Six of them are for Scalping Asian Sessions when
the Market is more quiet and the price tends to be more predictable
allowing the Expert Advisor to pick up some reliable pips from it.
The seventh strategy is a technique called Grid Trading Strategy,
which consists in dividing a specific price range into sub ranges
(grids). Every time a grid line is touched, the Expert Advisor would
open a trade if there isn’t any trade opened yet for that specific grid,
this works great on ranging markets and for stable currency pairs with
low historical range of pips.
The eighth strategy is called Hedging & Pyramiding .
Pyramiding is a trading strategy that consists in adding positions as
price moves in the desired trend direction, this offers the maximum
potential reward but can also be risky, that's why it also hedges (open
trades in the same currency pair with opposite directions buy &
sell) positions until partial trades or all trades are closed in profit.
The ninth strategy included in this single EA is called
Martingale. The strategy works by recouping all losses through the
increase of lots after successive losing trades. We have implemented it
on the EURCHF pair using a soft lot size increment and we got solid
results with a low drawdown.
Unlike other Expert Advisors that use big lot sizes on every
trade (this can get you very good profits in short time but can also
kill your account easily), our Expert Advisor is designed to earn many
pips daily (even when it's scalping) with several trades on the ten (10)
supported currency pairs which use small & safe lot sizes in every
trade. Trades are opened and closed properly by the diverse built-in
algorithms that handle the trades in different ways thus minimizing the
possibility of suffering big drawdowns. For a $10,000 deposit and with
conservative settings (by default) it opens 10 to 30 trades a day with
lot sizes of 0.1 to 0.5 and is capable of earning about 30 to 120 pips a
day (about 100$ to 400$) on average!!
NFA Compatible! If your broker is NFA Regulated you will be able
to use The Scalping Strategy without any inconvenient, our Expert
Advisor has a setting NFA_Compliant that can be set to TRUE to assure
that no hedging is used and that only one trade at a time is opened for a
specific currency pair to avoid FIFO problems when trying to close
orders due to this specific rule.
However, both Hedging & Pyramiding Strategy and the Grid Trading
Strategy cannot be used if your broker is NFA Regulated.
SUPPORTED CURRENCY PAIRS:
GBPUSD, EURUSD, USDJPY, CHFJPY, GBPCHF, USDCHF EURCHF, EURGBP, USDCAD, EURCAD, CADCHF and GBPCAD