Crocodile Trader Pro is located within the Experts section of the MQL45 marketplace, it was first uploaded on the 6th of AMrch 2020 by its developer Michela Russo, it was most recently updated on the 2nd of April 2020 and is currently at version 1.5.
Crocodile Trader Pro is an expert advisor that was developed for the MetaTrader 4 trading platform, it was created to trade a number of different strategies, ultimately though, it is a trend-following EA. The EA does not use arbitrage or high-frequency trading strategies.
The actual strategy that the EA will use is not detailed, it simply states that it will use various strategies to follow the trends. However, it does not detail what the strategies that it will use actually are which is a little strange and potentially deceiving. All that we do know is that it will analyze the markets using obsolete indicators and patterns, it will do this in order to try and find the trend in the markets. Once a trend has been discovered it will use market volatility and an artificial intelligence algorithm to predict the future trend and will then enter the markets.
It has been recommended to use the EA on the EURUSD, GBPUSd, and USDCAd currency pairs and to sue the M1 timeframe. You should use an account with at least a balance of $1000 and a broker account with low speeds such as an ECN or STP account.
The EA also comes with a number of parameters, these can help alter the EA to better suit your own requirements. Some of the available options include the lot size, risk to use for each trade, the RSI periods, magic numbers, which days to trade, how many open orders to have at any one time, the take profit settings, maximum monetary losses, trade comments, news filters and more.
The Crocodile Trader Pro EA can be purchased from the MQL5 marketplace for a one-off payment of $180, this gets you up to 5 activations with no other limitations attached to it. There is also the option to rent the EA, this can be done on a monthly basis and will cost $100 per month, it can also be rented for a year, this will cost you $150 for the years usage.
A free demo version is also available, this is limited to the strategy tester within the MT4 platform and can not be sued on a live account.
There are currently 10 user reviews for the Crocodile Trader Pro EA,m they have given it an overall rating of 10 out of 10.
“The tester has good results even with aggressive settings. Now put it on a nano-account and see how long it lasts. Plus a quick response from the support service. 5 stars.” – A 5-star review.
“Purchased the product. Looks very promising in backtests. We will see over time how it performs! The developer is responsive and helpful Update:- Made 10 USD profit since yesterday on 0.01 lot size on all 3 currency pairs. So far looking good in such turbulent market. Let’s see over time !“ – A 5-star review.
“Good in real trading, but you must be very careful with risks. Great support! Helps quickly.” – A 5-star review.
So the reviews are all very positive which is good to see, the comments within the reviews are all praising the support that they have been receiving from the developer which is fantastic as this shows that if you purchase or rent the EA, you will be able to get support form the developer to get it set up and to help solve any issues that you may have. The comment section also reiterates this as the developer has been replying to all the comments in a very prompt manner.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47007