Forex Montana EA Review | SelectFX Montana

Review Of The SelectFX Montana EA.

Released: 02/28/2011

Robot NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
SelectFX MontanaEURUSDH1Trend following swing traderTrueAutomaticDynamicDynamicSelectFX Montana

SelectFX Montana Results:

SelectFX Montana Licensing and Price:
49 euro for a 12 month license via PayPal

SelectFX Montana Strategy:
This system is an active swing trader – named for taking a ‘big sky’ view of the market
It is looking for major trend reversal points, major trend continuation and the larger ranges
When a move is big enough, the EA trades with it

Uses price action, many internal indicators and three included custom indicators

Trades target 50-150% of the current total daily price move and are typically open for 1-2 days
No optimization is needed

Profit factor high (1.7 – 4.5) depending on pair and prevailing market conditions

Low drawdown
Low cost
Relatively high earnings for a given lotsize, averages 1-2 trades each week
Strength of the system is an all-round reliability using several big signals for confirmation

SelectFX Montana Recommended Brokers:
FX Open and Iam FX are two brokers to consider when trading with any EA. This vendor recommends the following brokers: Any

Conclusion

Safe To Buy?

MAYBE

SelectFX Montana has not been officially approved for purchase yet.

Overall User Rating