Sage EA is an Expert Advisor that was created by the author Serhii Yermolenko. It was originally launched on the mql5 marketplace in January of 2020 and was last updated to version 2.1 in March of this year.
This Advisor was designed to work on MT4 with the currency pairs EURUSD, EURGBP, EURCHF, GBPUSD, and GBPCHF on the M30 timeframe. The robot automatically places orders based on algorithms that predict price movements in order to decide when to open and close orders. Traders are also given the choice to change multiple parameters that affect the order size, maximum loss at which the advisor should stop trading, take profit & stop loss values, days of the week that trading should take place, money management type, and multiple other settings that control the way that the robot trades.
Traders can only purchase this EA for $75 USD, at this time, there are no options for renting. This is somewhat disappointing, as many other developers offer the ability to rent their products for a month or so for testing. Traders will still be able to use free demo accounts, however. Although it isn’t recommended by the author, you may want to consider VPS and a low-spread broker, which could add to the overall investment.
Sage EA is a fully automated trading robot that uses a price-predicting algorithm to determine when to enter into each trade. Traders can also manipulate multiple parameters, some of which are designed to stop the robot from trading if a specified amount is lost. Most of the feedback has been positive, and the EA has managed to earn a 4 ½ star rating. We found the following reviews to be informative:
“Very reliable EA and significantly improved by the latest updates. Also runs well on the live account.”
“This is good EA and it trades better on risky mode, just decrease the percent of risk. I put 4 stars because SL can be more profitable.” -Pomidori
Judging from the reviews we found, the EA seems to trade effectively for the handful of traders that provided feedback. As long as you’re prepared to make the $75 investment, then this could be a great tool for automated trading. Also, be cautious when manipulating parameters, as they can have a big effect on one’s gains and losses.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/45747