EA information

  • Licenses sold: More than 200
  • Release date: 2020
  • Strategy: HMA + Shadow Bender (exclusive indicator) + Fibonacci
  • Volatility: Low
  • Martingale: No, each trade is a single shot
  • Minimum Balance: 100 USD
  • Monthly return: 10%-15%
  • Timeframe: 1 hour and 15 Min
  • Max Drawdown: Less than 2%
  • Number of sets: More than 10
  • Price: $69 USD
  • Available in our - including combos - Online Store

Details

Benderv4 has a solid strategy based on:

  • Fibonacci: By combining the Fibonacci Golden Zone and the probabilistic zones, Bender can capture the retracements and analyze their extensibility over time.
  • Shadow Bender: Exclusive indicator developed by our team, it can successfully predict a turn-point of the price. This indicator makes price action really easy to spot
  • Probabilities: Final decision is made on probabilities calculation, each one of these is related to momentum, volatility and previous indicators has a weight when reaching to the point of opening a trade
  • 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 Benderv4

User guide

Benderv4 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 Benderv4 users.

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

When does Benderv4 operates?

Benderv4 triggers the trading process at the beginning of each candle on which the EA is operating on. For example, if you load Benderv4 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 20 set files, for 1H and 15Min charts. Some of them are: BTCUSD, AUDUSD, EURAUD, XAUUSD, AUDJPY, AUDCAD, GBPAUD, EURUSD, GBPUSD, USDCHF. These set files were obtained using optimizing algorithms.

Benderv4 is also designed to be backtested by you in an efficient way to obtain accurate configurations.

Benderv4 has over 14 different parameters that are taken into account to calculate the entry, these parameters are based in Particle Swarm Optimization (PSO).

What's the minimum balance recommended?

Our recommendation is to have at least 100 USD per each pair. This means that if you want to use Benderv4 on 2 pairs, you would need at least 200 USD

Is Cent account supported?

Yes, it is. On this case, we recommend to have at least 50 USD per pair approx

What happens when news are out?

Benderv4 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.

However, the impact on these is close to none, since Benderv4 opens 1 trade at a time with Take Profit and Stop Loss.

Benderv4, Risk management, what's up with this?

Benderv4 DOES NOT use martingale to bet on winning the market, each trade is a single shot, with Take Profit and Stop loss. It's possible that Benderv4 doesn't win all trades, market trend can change, but all in all, Benderv4 tends to have a positive profit.

Benderv4 is a stable, but strong, EA that can bring profit over time, not hours, not days, we are talking about weeks or months, Benderv4 has low-to-none risk.

What EAs work best with Benderv4?

Since Benderv4 doesn't use Martingale, the margin at risk from your account will be close to 0% and the drawdown will also be close to 0%, therefore we would recommend adding another EA that doesn't use Martingale, such as HannahEA (based on Reggression Channels and Order blocks). HannahEA won't affect the margin nor drawdown as it follows the same principles.

Also Martingale (AggressiveFibov2, Shizuka, Benderv2, BigPoppa) are good options, these EAs will bring faster profits but possibly affecting the stability of the account, we would definitely recommend to take into consideration the balance and number of pairs in use.

Diversifying is the key. These EAs use different strategies. On top of this, 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 Benderv4 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.