Probability EA, from independent creator Michael Schofield, is a unique trading robot that makes a lot of sense when you think about it. Here’s how it works:
- It works out the trend and then places a small trade in that direction
- Every 5-20 pips it will place another small trade as long as the trend is still evident
- When the trend changes direction and trades start to move from profit to loss Probability EA kicks in and starts closing trades
- It then closes all remaining trades at a preset target level and the process starts again
It’s been in the lab for a few weeks now and I’ve been quite impressed. Every time I check it there is more profit and almost all open trades are in profit too!
See for yourself…