How does the SUPPLY AND DEMAND EA work?
An excellent adviser, which is different from most trading robots on the Internet is an AF Supply and Demand EA. Check out its benefits:
- Works on a large number of currency pairs
- Perfect for Personal, FTMO and Prop Trading
- Works on almost any timeframe from M1 to D1 without additional settings
- Trades around the clock
- Uses Stop Loss orders
- Does not use grid and martingale
Let’s describe in more detail how the trading system of the AF SUPPLY AND DEMAND adviser works. So, with the help of a special author’s indicator of support/resistance levels, the trading robot determines the levels at which quotes reverse. Uses important price levels that have previously been tested by price. Also, a trend indicator is used to make trades only in the direction of the main market trend.
So, when quotes reach this level of support/resistance and it corresponds to the direction of the trend, AF SUPPLY AND DEMAND EA makes a new trade to rebound from this level. At the same time, Stop Loss and Take Profit levels are set for each transaction in order to clearly define trading goals and limit the trader’s capital from large losses.
As we noted above, the adviser can be used on any timeframe. Judging by the demo videos of the developer AF SUPPLY AND DEMAND EA, the most common timeframes for trading is the M5 timeframe. On this timeframe, the adviser makes a large number of profitable trades.
Also, judging by the information of the developer, AF SUPPLY AND DEMAND passes FTMO challenges without any problems and can be used for trading on the platforms of various Prop Firms (if you are not aware, this is now a very popular topic for traders).