EA information

  • Licenses sold: More than 800
  • Release date: 2020
  • Strategy: Price action and Fibonacci retracements
  • Volatility: Moderate-High
  • Martingale: Yes, to handle volatility
  • Minimum Balance: 500 USD
  • Monthly return: At least 50%, we have experienced 200%
  • Timeframe: 1 hour and 15 Min
  • Max Drawdown: 40%-50%
  • Number of sets: More than 10
  • Price: $69
  • Available in our - including combos - Online Store

Details

Benderv2 has a solid strategy based on:

  • Price Action: he can analyze common-known figures such as W and M, and thus Japanese candle patterns. Also, he can identify the resistances and supports and in conjunction with their strength
  • Fibonacci: By combining the Fibonacci Golden Zone and the probabilistic zones, Bender can capture the retracements and analyze their extensibility over time.
  • Set files: Each of the set files from our products were obtained using a genetic algorithm techniques, which optimized the parameters to maximize profit factors while keeping a low drawdown

What you need to know about Benderv2

User guide

Benderv2 FAQs and more

These are the most asked questions and information that we believe is relevant to have before purchasing our products.

We hope you find this information useful and help you to become one of the hundreds of Benderv2 users.

PS: Further guidance on parameters, along with set files, are delivered to you after your purchase along with the product.

When does Benderv2 operates?

Benderv2 triggers the trading process at the beginning of each candle on which the EA is operating on. For example, if you load Benderv2 in a 1H chart, it will be triggered every 1 hour.
And you will most likely see that the trades are opened at the beginning of a new candle.

How many set files are included? And for which pairs?

We provide a total of 12 set files, for 1H and 15Min charts. Some of them are: XAUUSD, AUDJPY, EURUSD, NZDUSD, GBPUSD. These are set files obtained using optimizing algorithms.
Benderv2 is also designed to be backtested by you in an efficient way to obtain accurate configurations.

What's the minimum balance recommended?

Our recommendation is to have at least 500 USD per each pair. This means that if you want to use Benderv2 on 2 pairs, you would need at least 1000USD

Is Cent account supported?

Yes, it is. On this case, we recommend to have at least 100 USD per pair approx

What happens when news are out?

Benderv2 doesn't have a News filter, therefore we encourage to pause the EA a few minutes before the High Impact News and turn it on back again once the volatility is over.

Benderv2, Martingale and Risk management, what's up with this?

Benderv2 uses martingale to bet on winning the market. However we all know the risks about using Martingale. Benderv2 has features and set files to reduce, but not eliminate, the risk of blowing up the account. For example, using higher TFs for Fibonacci retracement, limit trading hours and use of StopLoss, choosing not to use Martingale.

Therefore, Benderv2 is a powerful EA that can bring a lot of profit in a short amount of time, we provide a guide but ultimately you know better the amount of risk that you are willing to handle.

What EAs work best with Benderv2?

Since Benderv2 is based on Price Action and Fibonacci, we would recommend using Shizuka, another Martingale EA based on 3MA strategy, this will follow the change of trend, securing profits along with Benderv2.

Also non-martingale (Benderv4 or HannahEA) are good options, these EAs will bring more stability and reduce the volatility from the account, when Benderv2 might be struggling, these EAs will bring slow, but constant, profits to the account, not affecting the Margin / DD in case that's present.

Diversifying is the key. These EAs use different strategies, reducing the risk from Benderv2. we also recommend to use different timeframes.

I don't know what the other parameters mean

We provide a detailed guide on what's each parameter about and how they are used by Benderv2 to determine the best entry point, this guide is delivered along with your purchase.

Can I use your Expert Advisors (EAs) with other advisors on same account?

Yes, you can use them. All of our Expert Advisors (EAs) are completely compatible with other advisors.

I would like to compare this EA with the rest, is there a table?

Yes! We have created a specific section where you can compare our products (Click here)

Is there a cracked / unlocked version available?

No. We are constantly hearing rumours, and reading websites that alledgelly are distributing our products for a small amount of money / "free".

There are a lot of impostors around attempting to sell a fake copy of our products by just copying the list of parameters and text shown on the chart.

Let us tell you this is a fake version, and the logic behind does definitely not align at all to what we have developed

We do not have anything to do with that release, and we encourage you to not use them.

We suggest you to read our official communication

Do I need a VPS?

If you want your EA to run 24/7, we encourage to deploy it in a VPS and leave it running. However, we do not provide VPS service.