MultiStrategist EA Review: MultiStrategist is an EA developed by Julian Jäger. EAs are created to assist and guide traders to navigate the perilous journey of trading. Join in this review as we answer questions such as Is MultiStrategist Legit? Is MultiStrategist good? Basically we aim to check if buying from this EA provider is worth it? Read through our review to see what experts have to say about this expert advisor.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
MultiStrategist EA Review
Julian Jäger, who is located in Germany, is the sole developer behind this EA. MultiStrategist is his system on the market.
His EA has no website at the time of this writing, it can be gotten from the MQL5 website. This EA also comes with free demo capabilities.
How MultiStrategist EA Works
In this section, we cover the strategy and methodology of how the EA works. We also take a look at the trade result if any is provided. For the trade results, we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works on multiple currency pairs: EURUSD, GBPUSD.
According to the sales page, Julian Jäger’s software makes use of nine indicator-based trading strategies that work in combination or separate. The sales page goes further to claim that the software combines different indicators that have been tested using cloud-based Strategy screening.
The main indicators used to make up these strategies include:
- Moving Averages
- Pivot Points (Standard or Fibonacci)
- Retracements
- Stochastic Oscillator
- Directional Movement Index (DMI) and Average Directional Index (ADX)
- Alligator Momentum
- Relative Strength Index (RSI)
- Moving Average Convergence/Divergence (MACD)
- Williams Percent Range (WPR)
Multi Strategist EA Price
$319
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback on a third-party site as we have found that reviews on the official page might be manipulated, concocted, or paid for.
We could not find many reviews by customers who had used this EA before, at least not enough to form a conclusive decision.
Conclusion
After going through all aspects of this EA provider, we concluded that it has only done the barest minimum in convincing us that it any of there robots are good. This might be because they are a bit new.
At the time of this writing, we are not satisfied with the gaps between what it promises and what it delivers. We will be reserving judgment for now as we wait for a while for this EA to flesh out their presentation.
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