DoublePlay v4.5 - Outstanding MM EA

DoublePlay v4.5 is an example of EA that uses a Money Management Strategy to trade wisely. With a good and solid MM Strategy, one can survive and be successful in forex trading. This EA is using a progressive lot increment but not a Martingale System, a system that many people believe is very dangerous. With a moderate increment, this EA could handle risk better.

People who are new to Forex haven't the slightest clue what money management really means or how it can be used to one's advantage in trading. In very basic terms, money management includes among other aspects, the strategic manipulation of position sizes on different trades to ensure a positive outcome in the end. With an intelligent money management system loses are tempered in the long run. DoublePlay 4.5 build 203 is best suited to trade the GBP/JPY H1. The new money management system within DoublePlay 4.5 manages position sizing to ensure that in the long run the account remains on track to a respectable return.

Pros :

• Advanced money management algorithm designed to keep the investor in profits consistently
• Reliable operation due to efficient architecture
• One license is good for up to three live accounts.
• Outstanding Support Structure.

Cons :

• needs dealer that supports micro lots (0.01 lots)
• intial deposit that is suggested by the author is $1,000
• increment lots means greater risk for margin call

Link To DoublePlay's Website