Echo One Full EA is a robot that was created in March 2020 by Thai developer Phongkrit Phattanawijak. Phongkrit Phattanawijak is a prolific creator of automated trading systems, and many of its creations are available on the MQL market. The robot provided is the result of several trade tests of many strategies, several forecasting indicators, allowing traders to make the best decisions to make a profit in the markets.
Overview
By combining various strategies and algorithms in this robot, by changing the price of each tick, with maximum accuracy and speed. A real account has been opened where it will be possible to analyze the whole story, as well as constantly monitor in real-time all of the current results. Monitoring is available on the MQL marketplace.
The huge advantage of the Echo One Full EA is that the end-user can start trading with just 300 USD. With a smaller balance, users can trade with a single currency pair. If the balance is higher, users can trade with 2 or more currency pairs. It is necessary to have at least 300 USD for every pair of currencies that you want to trade. However, using risk management, if you want to open a lot of orders you must have sufficient balance in your account.
The EA does not use hazardous or toxic commercial methods in trade, such as Martingale. Every shop has its Stop Loss and Take Profit and can be optimized by the user. The best pairs to negotiate according to the backtest are EURUSD GBPUSD GBPJPY GBPAUD EURJPY USDJPY USDCHF EURCHF EURAUD and NZDUSD. The best time frames and the best yields have given are H1 -> H4. All brokers are possible to work with this EA, but we must have an ECN account in a reliable and low latency broker so that our transactions are executed in the shortest time possible.
Main Parameters of Echo One Full EA:
- Allow Trading: Allow Trading or Not
- Set the size of batches or automatic batches: the size of the lot at the entrance
- Unlimited command: Can open as user wants
- Timeout to check and open a new order
- Specify the range to open Order
Service Price
Echo One Full EA is on sale on the MQL market for a price of 2,500 USD. Certainly, this is a large investment that will not be available to all traders. It is also available for rent at a price of 250 USD for one month, 600 USD for 3 months of use, 1000 USD for 6 months of use, and 2000 USD for 1 year of use.
Conclusion
In short, this is an EA which in principle seems fairly straightforward to use, although the author has not made it clear on what basis the EA operates. For this reason, we recommend downloading the free demo version. In this way, we can find out more about how Echo One Full EA works, and see if it can be cost-effective and accommodate our trading style or not. Whenever we use an EA it is highly recommended to have a dedicated virtual server or VPS, this will allow us not to miss any of the transactions that the EA performs. And if we don’t have this tool, we should have our computer on 24/7.
Because Echo One Full EA is newly created, there are currently no opinions or reviews from users who have been able to test the tool sufficiently, so we lack third-party testimonials.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47183
