FTS EA V1.5 – A Powerful Automated Trading Solution

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FTS EA V1.5 is an impressive automated trading software designed to deliver consistent profits in forex trading. This expert advisor (EA) utilizes advanced algorithms to scan the markets, identify high-probability trading opportunities, and automatically execute trades based on predefined strategies. In this detailed review, we will take an in-depth look at the features, performance, pros and cons of this EA to help you determine if it’s the right trading tool for your needs.

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Overview of FTS EA V1.5

FTS EA V1.5 is the latest iteration of the popular FTS trading robot series developed by a team of professional traders and software engineers. It is an automated trading system that can be used with the MetaTrader4 (MT4) trading platform to trade forex currency pairs completely automatically once configured.

Some key features of Expert Advisor include:

Advanced algorithmic trading technology to identify trading opportunities
Ability to trade multiple currency pairs including majors, minors and exotics
Flexible position sizing and risk management parameters
Built-in smart money management to maximize profits and minimize losses
Stealth mode to hide stop loss and take profit levels
Compatible with ECN/STP brokers for direct market access
Regular updates and improvements from the development team

How FTS EA V1.5 Works

FTS EA V1.5 utilizes an algorithmic trading system that is designed to identify high probability trading opportunities across 28 currency pairs. It uses a combination of strategies including trend following, counter-trend, breakout and reversal trading tactics.

The EA is programmed to constantly analyze price action and market conditions to determine ideal entry and exit levels for trades. Some of the indicators used include moving averages, RSI, stochastic and proprietary custom indicators.

Once the EA identifies a potential trade setup, it executes the trade automatically on your behalf. The stop loss and take profit are automatically set based on the internal risk management system. The EA is also capable of trailing stops to lock in profits as the trade moves in your favor.

The FTS team has put considerable effort into optimizing the EA’s logic and parameters to maximize profitability while minimizing drawdown. They have carried out extensive backtesting over long time periods as well as live trading to fine tune the algorithms.

Performance and Results of EA

Extensive backtesting results published by the FTS team shows that FTS EA V1.5 is capable of generating impressive returns over the long run. Results are verified on MyFXBook with regular updates.

Some key performance metrics include:

Total net profit over $5000 on a $5000 account in just 2 months of trading
Average monthly return of 25%
Drawdown controlled to under 30%
Win rate of over 60%

The EA has been optimized to perform well on the Gold (M5), Bitcoin (H1) and major currency pairs (H1) timeframes. The biggest strength of FTS EA V1.5 appears to be consistency in returns over long periods.

It is important to note that past performance does not guarantee future results. The team recommends running the EA on multiple accounts with at least $3000 balance each to properly evaluate it across different market conditions.

Check our advanced Forex Scouts Gold V9 Robot

Using FTS EA V1.5

The FTS EA V1.5 package includes the unlocked EX4 file, set files, user guide and license terms. You will need a VPS and a MT4 trading account with a true ECN broker for the best experience.

Some tips for using FTS EA V1.5 effectively:

Run it on a VPS for uninterrupted trading
Use a true ECN/STP broker like IC Markets or Exness
Start with demo trading to understand how it works
Start with small position sizes and gradually increase
Use separate accounts for each asset class (Gold, Bitcoin, Forex)
Avoid trading during major news events
Update to latest version for improvements
Carefully read the user guide before configuring the EA

The FTS team provides good customer support via email and Telegram. You can contact them for any setup issues or questions.

Pros and Cons

Pros

Proven long term profitability
Multiple account trading possibilities
Low drawdown compared to profits
Good risk and money management
Regular updates from vendor
Detailed user guide and instructions

Cons

Requires some trading knowledge
Needs monitoring occasionally
Locked to one live account
No free trial available
Results not independently audited

Overall, FTS EA V1.5 offers a lot of value for money given its solid performance history and consistent development efforts by the FTS team. However, as with any EA, you should use proper risk management and monitor it regularly.

Conclusion

In summary, FTS EA V1.5 is a well-designed automated trading system that has shown impressive backtested and live results according to data published by the vendor. It has the potential to generate steady profits on multiple currency pairs using algorithmic strategies and robust risk management. However, past results are not a guarantee of future performance. As with any EA, you should use proper risk management, start small and monitor it regularly. FTS EA V1.5 is reasonably priced for an EA of its capabilities, but lacks a free trial. Overall, it is definitely one of the better forex EAs in the market right now and worth exploring for algorithmic trading.