Description
VIX System EA:
The **VIX System EA** utilizes a combination of indicators, primarily the RSI, to inform its trading decisions. It employs a martingale strategy, so caution is advised when using it. However, VIX System EA allows you to adjust the multiplier parameter, enabling users to control the level of risk and tailor it to their preferences.
Unlike many other martingale EAs that rely on random entries, VIX System EA aligns its trades with market movements, particularly when the RSI is above 50. If the market moves against an initial position, the EA compounds the next entry using the multiplier to manage risk effectively.
### Recommendations,
– **Best Timeframe:**M5, M15,M30
– **Recommended Pairs:** EURUSD, USDJPY, GBPUSD, EURJPY (performs best on EURUSD)
– **Minimum Account Requirement:** $300 cent account per pair (ensure you use a reliable broker)
– **EA Version:** VIX System EA 1.0
### Risk Multiplier Guidance:
The term “Risk Multiplier” should not be taken lightly—anything higher than “Safe” can expose you to significant risk! This is not about high-stakes gambling, but about aiming for consistent, modest profits while prioritizing capital preservation. Using a low multiplier is crucial for keeping risk under control.
### Money Management:
It is strongly recommended to use VIX System EA only with a minimum equity of $500 (or $100 in a cent account). Martingale strategies rely on balancing calculated risk and probability to achieve profits. Adequate equity is essential for safely employing this approach.
### Timeframe Settings:
The developers suggest using the **M5 timeframe**. If the market moves against your trades, the EA will continue to open new positions based on the chosen timeframe. For accounts with limited capital, frequent monitoring and adjustments to a higher timeframe (such as M15) may be necessary to protect your account. If more than 10 layers or positions are open, or if margin reaches 10,000%, it’s advisable to increase the timeframe to M15, which generally offers a more balanced approach.
