In this post I will be reviewing the Omega Trend EA. EA means expert advisor which is the official name for a forex robot in MetaTrader 4 for those who are new to the world of forex robots. It is a fully automated forex trading system that you can set and forget in just 5 minutes on the free MetaTrader 4 trading platform. It has made almost 200% profit in 6 months on a live real trading account with MyFxBook verified results – that was on the EURUSD pair alone and this forex robot can trade up to 3 major currency pairs at a time. Of course, the more pairs you trade, the more risk you have but also the more profit you can make. You may also choose to spread your maximum risk out over all 3 pairs. This Omega Trend EA can be traded fully automated or semi-automated depending on your preferred style.
Omega Trend EA Trading Strategy
The Omega Trend EA uses a unique trading system and was developed by forex professionals thus making it a very accurate and profitable forex robot. It works by detecting trends during specific market sessions for a high probability entry complete with safe and smart money management. It is dynamic in the way it uses a combination of trend lines to adjust to the current market conditions and contains 2 different strategies which adds to its diversity and trading opportunities. You may choose to trade 1 or both of the strategies – the Omega Trend EA comes with default settings so it is ready to use out of the box and therefore suitable for beginner forex traders. The Omega Trend EA also includes the Omega Trend Indicator which is a technical indicator that analyses the market for entry signals if you wish to trade the system manually. The indicator does a great job of identifying trends for you and alerting you to high probability entry signals. Effectively, this forex trading system is 2 for the price of one – you get the fully automated system and manual trading system. This makes it suitable for those who prefer trading manually and also for those who want profits on auto-pilot perhaps because they do not have the time or knowledge to trade manually. Both are reliable and excellent trading systems. The Omega Trend EA aims for 20-30+ pips per trade which gives it a good risk to reward ratio. It performs best in volatile markets and includes filters to ensure false signals are ignored and only the best entries are taken – those that enter in on the prevailing trend of a currency pair.
Omega Trend EA Back Testing
The website contains back testing results showing very good performance over 5-12 years. This shows how it was able to adapt to differing market conditions and remain consistent without any substantial dips in performance and a steady balance graph. Trading just 1 lot it made around $200,000 per currency pair. It is worth considering the tests were not done on tick data so the modelling quality is 90% but this is not a scalping system and only trades on the major pairs so spreads and slippage will not be an issue.
Omega Trend EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Omega Trend EA Summary
This is a very unique and complete automated and optional manual forex trading system that is worth trying out. Visit the Omega Trend EA website for more information and to see the results.