This video will give you a quick intro of what to expect using my RMI forex EA
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You can use the forex EA with 50:1 leverage but instead of making 5-10% profit a month, you will likely make only 2-4%. You will also need at least a $2k account if you're using 50:1 leverage. The strategy is FIFO friendly though. You can use the EA at any broker with at least 50:1 leverage.
The forex EA requires at least $1000 and 200:1 leverage to be used. You can get away with using just $800 though. The lower your account size, the higher the risk of getting a margin call or blowing your account so keep that in mind. Make sure when using the attached set files, you're using at least 200:1 leverage.
I PERSONALLY USE A 500:1 LEVERAGE BROKER.
Setting up the Forex EA will only take 5 minutes for those that have some trading experience. For those starting from scratch, it will take you roughly 15 minutes including broker setup.
Learn to use the mt4 strategy tester so you can test my EA with previous market data!
It takes the forex EA and average of 24 hours to close out trades. Some trades can take up to 23 days before they are closed out for profit. You will need to be patient on the few trades that take longer to close. Remember, this is a NO STOP LOSS strategy so we need to wait for the market to move in our favor instead of closing trades out for loss.
A virtual server will allow you to never lose connection to your broker or the market. This will allow you to not have to keep your computer on and connected to the internet at home or the office. It's important that we have an always connected to the internet server or or computer. This will maximize profit.
Don't close out trades on your own. This will likely cause unnecessary losses and could even mess up the EA's trading profit potential. If you have questions regarding trades, contact me.
This is the setup process for the V7 of the RMI forex EA. Watching this is necessary for setting up the RMI trading EA correctly!
If you're interested in using one of my top recommended forex brokers, you can create a free account at LQDFX here. Choosing an MT4 ECN account there with 300:1 leverage is recommended!
Spend only $5 a month for a very good reliable forex EA Virtual Server option. This will allow you to not need to leave your computer on and connected to the internet at home when using the RMI Forex EA.
Join through me and get a 10% monthly discount! Discount code at checkout is "Ryan"
Let me know if you have questions regarding the trading VPS and the broker I us. See the contact form at the bottom of this page.
Here I talk about each setting and what it means.
This video is only necessary for those that really want to break down and understand the RMI V7 forex EA.
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