The developers have recommended a standard account of $1000 for trading with a lot size of 0.01, a suggestion that can be critiqued for its high-risk nature, and it will certainly blow your account quickly. In light of this, I propose a more conservative approach: starting with a minimum $100 cent account (or its equivalent in a standard account) for the same lot size. This adjustment can significantly reduce the risk while aiming for an average monthly gain of around 7%. Such a strategy makes the EA more accessible to traders with varying capital sizes and risk tolerances.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how this EA Brilliant Pro works, then only use it in a real account.
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Recommendations for Brilliant Pro EA
- The developer recommends a minimum account balance of 1000$, but I would recommend a 100$ cent account or an equivalent standard account.
- Work Best on EURUSD. (Work on any pair)
- Work best on M30(Work on any time frame)
- This EA isn’t all plug-and-play and watch; You may need to look out for volatile markets (News) and close trades.
Conclusion
The Brilliant Pro EA presents an intriguing option for traders looking to automate their forex trading strategies. Its combination of scalping with techniques like martingale and hedging offers a multifaceted approach to trading. However, the system’s profitability comes with a caveat of higher risk, especially noted in its drawdown levels. As with any trading system, potential users should thoroughly assess their risk tolerance and capital availability before employing the Brilliant Pro EA. A prudent approach, starting with a lower-risk account configuration, can be a sensible way to explore the benefits of this EA while managing potential downsides.