Limitless EA ( Expert Advisor ) is our most profitable trading bot, but it also carries the highest risk among all our EA. It is a martingale-based EA with very short-term trend detection, which provides a lot of configurations to customize your martingale strategy to suit your personal risk profile.

Trading Strategy

 The main characteristic of this EA:

  • Martingale-based strategy.
  • Determine very short-term trends as the aim is to get a small profit on each trade.
  • Open more trades when it is required to ensure the profit target is closer to the current price.
  • Earn small profit for each trade and extremely large volume of trading every day.
  • Profit from the volatility of the market.
  • This EA is more risky but it is also more profitable if compared with Ophiuchus. If you are looking for a lot safer EA, go for Ophiuchus.

Live Account Performance

We started this live account performance tracking on 27 July 2020 with a base of USD 2,000. It is averagely able to earn 100% of profit around 3 month period with an estimated daily profit of 1-2%. All trades are myfxbook verified.

The following is the accumulated profit chart for the Live Account since inception.

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The following is the monthly profit chart since inception.

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Please note that past performance is not equivalent to future performance. Future performance depends on the market condition.

Broker’s Requirement

  • Use broker with no commission charge
  • Preferably with no swap fee too. However, this is optional.
  • Leverage must be 1:500 or above
  • Can run on Cents account or Micro Account if you want to start with smaller capital.
  • Run this EA on EURUSD on M1 timeframe.

If you are new to forex or do not have a broker account, you can register with our recommended forex broker that fulfills the above requirements -> FBS Broker

Available Setting

  • Profit Target for each Order – Profit target in fractional pip for every open order.
  • Starting Lots – The lot size for first order. The lot size will increase in the subsequent order. You must set this with a ratio of USD 2,000 capital for 0.01 lot.
  • Maximum # of trades – Maximum number of orders the EA allow to open in on Martingale series of order. You can lower this number to reduce risk and the chance of MC. Lower number of this value will increase the chance that the work will not able to close as it is too far from target profit.
  • Max Spread Allow – Only will open order if the spread is within this value. Change it based on your broker’s spread.
  • Enable Last Trade – If this is enabled(set to true), no new order will open after the ordes series are closed. Handy when you want it to stop trading after the current orders are closed.
  • Magic Number – Unique identifier for orders traded by this EA. 
  • Next Pipsgap – The minimum pips gap to have from the last traded entry price. Default set to 0. 0 will use its default logic for next pipsgap which is between 25-50.
  • Lot Multiplier – Lot size multiplier for next order. Increase this number will make your orders target price always very close to target price and easier to close, but it will increase the chance of MC if the trend didn’t rebound.
  • Re-update Profit Target – If you set to yes, it will recalculate your profit target and update all TP for opening orders. It will only run once when you click ok on the configuration panel. This is useful when you change your profit target or you close certain opening order manually.

Risk Management/Profit Management

This EA is using Martingale based strategy. All Martingale strategy always has a risk of Margin Call ( MC ).

For this EA, the risk is very high but the profitability is very high too. Based on the past performance, you can get back 100% capital within 3 months’ time. To put it in an analogy, you have to view this strategy as like doing business. Doing business will have costs and margin call ( MC ) is the cost of using this EA. As long as in long term, the profitability is higher than the cost of MC, then this is a business that is worth doing. 

Follow below to control your risk:

  • Follow the capital/account requirements above and only put in the amount that you are comfortable to risk.
  • Transfer out your profit as frequently as possible.
  • All the money in your account is at risk. So control the amount in the account to control the risk.

If you have any questions or feedback, you can contact us or chat with us.

You can also directly purchase Limitless EA through our shopping cart below.