TRADE BOOSTER Premium EA: A Comprehensive Review of This Automated Forex Trading Tool

The world of forex trading is complex and volatile. Success requires in-depth knowledge, precise timing, and constant monitoring of the markets. However, the introduction of automated trading systems like the TRADE BOOSTER Premium EA aims to simplify the process for traders.

TRADE BOOSTER Premium EA

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Overview of TRADE BOOSTER Premium EA

The TRADE BOOSTER Premium EA is an expert advisor designed for the popular MetaTrader 4 (MT4) trading platform. It is an automated trading robot that promises to execute trades and generate profits without any manual intervention.

The latest version 2.2 of the EA boasts significant improvements over previous versions in terms of functionality, profitability, and features. Some key aspects include:

  • Fully automated trading: Once configured, the robot autonomously handles the entire trading process from signal generation to trade execution.
  • Multiple trade confirmations: The EA uses a combination of indicators like strength, high/low values, trend, momentum and currency meter to validate trades.
  • Increased profit potential: Version 2.2 executes more trades and can generate 400-500 pips in weekly profits based on market conditions.
  • Customizable parameters: Users can tweak settings like trade timings, stop loss, take profit, lot size and more to suit their preferences.
  • Compatibility: Works seamlessly on the MT4 platform and with most reputed brokers.

How TRADE BOOSTER Premium EA Works

The working mechanism of the TRADE BOOSTER Premium EA demonstrates its technical sophistication. The step-by-step process is as follows:

  1. It first checks for strength confirmation to gauge potential profitability of currency pairs.
  2. Next, it analyzes the previous day’s high and low values and compares them to current day values. This high/low (HL) confirmation provides additional validation.
  3. The EA then seeks trend confirmation across 1 min, 5 min and 15 min timeframes. Only if the trends match does it proceed further.
  4. Momentum indicators on the 30 min and 1 hour charts are analyzed for consistency with the identified trend.
  5. Finally, the Advanced Currency Meter v4.0 gives the last validation before placing any trades.

This rigorous 5-step process ensures a high degree of accuracy for trades executed by the robot. The EA remains dormant until all five confirmations are aligned, minimizing risky trades in volatile conditions.

Key Features and Customization

The TRADE BOOSTER Premium EA comes equipped with a robust feature set. Traders can customize parameters to suit their risk appetite and market approach. Major features include:

  • Schedule custom trading sessions – Define specific hours and days for automated trades.
  • Multiple currency pairs – Allow trading on all major and minor pairs.
  • Money management – Configure lot sizes based on account balance equity.
  • Risk parameters – Set stop loss, take profit, trailing stop loss levels per your risk tolerance.
  • Martingale – Enable compounding of lots on losing trades to recoup losses.
  • Multiple trades per pair – Choose max number of trades allowed on any currency pair.
  • News filter – Blacklist major news events to avoid volatile trading conditions.
  • Stealth mode – Hide expert advisor information like name and author to protect strategy.

These parameters empower traders to calibrate the EA according to their unique trading style and market approach.

Benefits of Using TRADE BOOSTER Premium EA

Automated trading systems like TRADE BOOSTER Premium EA offer several advantages over manual trading:

  • Emotion-free trading – The robot adheres to programmed logic and is unaffected by emotions like fear or greed.
  • 24/7 markets access – The EA can trade around the clock and capitalize on opportunities in all market sessions.
  • Faster trade execution – Automated trades are placed much faster than manual order entry and exit.
  • Consistent strategy application – The robot consistently applies your configured trading strategy without deviations.
  • Improved order discipline – Necessary actions like stopping losses or taking profits are automatically enforced.

When used responsibly, automated solutions like this EA can enhance trading outcomes for beginners and professionals alike.

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Performance Metrics and User Reviews

According to various user reviews and performance metrics, the TRADE BOOSTER Premium EA generates fairly consistent results:

  • Weekly profits – Users report average weekly profits in the range of 400 to 500 pips based on backtests. Live results vary based on market conditions.
  • Win rate – The win rate is estimated to be between 50% and 60% but can go higher on some currency pairs.
  • Risk-reward ratio – The EA is configured for a conservative 1:2 risk-reward ratio by default. Users can tweak for higher ratios if desired.
  • Drawdown – The maximum drawdown is approximately 15% to 20% on backtests across multiple currency pairs.
  • Slippage and spreads – Performance is affected by slippages and spreads. The EA works best with ECN brokers having low spreads.

As is expected, live trading results are likely to vary from backtest outcomes due to changing market dynamics. Users are advised to use prudent position sizing and risk management.

Pricing and Availability

The TRADE BOOSTER Premium EA is sold through the vendor website for a price of $1000 per year.

Alternatively, it is also available on third party websites like Forex EA Shop, Budget Forex Shop and Forex EA Store for heavily discounted prices of around $10 to $20. These sites offer one-time fees for continued usage rather than recurring subscriptions.

The EA comes with a detailed user guide that provides instructions on installation, configuration, optimization and troubleshooting. Most sellers also include a money back guarantee valid for a few months. This allows dissatisfied customers to return the product for a refund.

Cautionary Notes for Users

While the TRADE BOOSTER Premium EA offers automation and seems promising, traders should exercise caution when using it:

  • No guarantees – There are no guarantees the EA will generate profits in live trading. Backtest results do not always match live performance.
  • Over-optimization – Backtests may be over-optimized and give unrealistic expectations about profits.
  • Market changes – Markets continually evolve. Profitable EAs can stop working if not updated regularly for market changes.
  • Risk management – Automation should not replace prudent risk practices. Use stop losses and reasonable lot sizes.
  • Broker selection – Choose a reputed broker with fast execution, low spreads and no trade interventions.
  • Demo testing – Fully backtest the EA in demo mode across different market conditions before going live.
  • Active monitoring – Keep monitoring live trades regularly. Intervene if the EA behaves erratically.

By temperating expectations and applying risk management best practices, traders can explore automated solutions like the TRADE BOOSTER Premium EA in a responsible manner.

The Final Verdict

The TRADE BOOSTER Premium EA provides traders with a powerful and customizable automated trading system for MT4. The latest version 2.2 offers increased trading frequency and profit potential compared to the original version.

Real-world performance depends heavily on market conditions and configuration settings used. Responsible optimization, demo testing and risk management is vital. While not a magic bullet, integrating this EA into a balanced trading approach can aid in improving consistency of strategy execution and risk-reward outcomes.

Author: Dominic Walsh
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I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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