Review Of The SelectFX Montana EA.
Released: 02/28/2011
| Robot Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| SelectFX Montana | EURUSD | H1 | Trend following swing trader | True | Automatic | Dynamic | Dynamic | SelectFX 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
