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OAVA EA: Unbiased Review by a Seasoned Forex Trader – Worth the Money 2024?

Experience consistent profits with OAVA Forex EA, the top-performing automated trading robot. Start earning with OAVA EA today!

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The world of forex trading is abuzz with chatter about the OAVA EA, an automated trading robot promising enticing returns. But with the market flooded with EAs (Expert Advisors), figuring out if OAVA EA is a true gem or just another shiny object takes some digging. I’m here to help—with 15 years in the trenches of forex trading, I’ll analyze OAVA EA’s claims, potential, and pitfalls to help you decide if it’s worth your time and money.

What is the OAVA EA?

OAVA EA is a fully automated forex trading robot designed for the MetaTrader 4 (MT4) platform. It claims to work around the clock, using sophisticated algorithms to analyze market trends and execute trades without the need for constant human supervision. Here’s what OAVA EA promises:

  • Adaptability: It can handle various market conditions.
  • Ease of Use: Supposedly simple to set up, even for beginners.
  • Risk Management: Built-in risk management features to control losses.

How Does OAVA EA Work?

Understanding the inner workings of an EA is crucial before using it. Sadly, the creators of OAVA EA are secretive about its specific trading strategies. Here’s what we do know (or can surmise):

  • Scalping Strategy: OAVA EA likely focuses on scalping, a trading style that involves opening and closing many trades quickly to capture small price changes.
  • Technical Indicators: It probably relies on technical indicators (mathematical tools that analyze historical price data) to identify trade entry and exit points.
  • Hidden Logic: The most important parts of the EA’s trading strategy are likely hidden to prevent copying and unauthorized use.

Is OAVA EA Legit or a Scam?

This is the million-dollar question! Here are some critical points to consider:

  • Lack of Verified Results: Without independently verified trading results, it’s hard to gauge OAVA EA’s true performance. Testimonials can be fabricated or cherry-picked.
  • Unrealistic Promises: Outlandish claims of high returns with minimal risk are a red flag. Forex trading always carries risk.
  • Aggressive Marketing: Be wary of pushy marketing tactics and hyped-up reviews designed to pressure you into buying.

Potential Pros and Cons of OAVA EA

Let’s break down what OAVA EA potentially offers and where it might fall short:

Pros

  • Automation: Can save time and remove emotional trading.
  • 24/7 Trading: Might identify opportunities you’d miss while away.
  • Potential Backtesting: May allow you to backtest the EA’s strategy with historical data (though it’s no guarantee of future results).

Cons

  • Cost: The price of OAVA EA can be significant.
  • Risk: Forex trading is inherently risky, and EAs don’t eliminate this.
  • “Black Box” Nature: Without knowing exactly how it trades, you’re putting blind faith in it.
  • Technical Glitches: EAs can malfunction due to connectivity issues or platform errors.

FAQs about OAVA EA

Q: Is there a free version of OAVA EA?

A: Be very cautious about “free” or “cracked” versions of OAVA EA. These are likely pirated and could contain malware or intentionally faulty code.

Q: What’s the price of the real OAVA EA?

A: The price isn’t always publicly listed. Contact the seller directly for a quote, but be prepared for a potentially hefty cost.

Q: Does OAVA EA work on all forex pairs?

A: It’s best to check with the seller for recommended currency pairs the EA has been optimized for.

Q: Do I need any trading experience to use OAVA EA?

A: While marketed as beginner-friendly, some basic understanding of forex trading concepts is crucial. It’s never a “set it and forget it” solution.

Q: Is there a money-back guarantee? A: Find out the refund policy before purchasing.

Q: Are there any good alternatives to OAVA EA?

A: Definitely! The forex EA market is vast. Do your research, look for verified results, and consider both paid and free options. Remember, no EA is a magic bullet.

Conclusion

So, should you take the plunge with OAVA EA? That’s a call only you can make. Here’s my seasoned trader’s advice:

  • Be Realistic: Don’t expect to get rich overnight with OAVA EA, or any EA. Forex success takes time, skill, and risk management.
  • Do Your Homework: Before investing any money, extensively research the EA, its creators, and seek independent reviews from trusted sources.
  • Demo Test First: Many EA sellers offer demo versions. Try it thoroughly on a demo account to see how it performs without risking real money.
  • Start Small: If you decide to buy, begin with a small amount of capital you can afford to lose.

The decision to use an EA like OAVA EA is a personal one. Success in forex trading relies on a combination of tools, knowledge, and a realistic mindset. Remember, there are no guarantees, and your hard-earned money is at stake.

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Onetime Payment

Pay once, use forever. No need for monthly subscription.

Lifetime Access

You will get lifetime access to download from the dashboard.

Multiple Accounts

You will get unlimited version to use on multiple accounts.

FEATURES

Automated System

Opens, manages, and closes the best trades for you. No need to lift a finger.

Great Trading Strategy

Plots chart price in real time to find the best entry and exit points with no lag.

Fully Optimized Settings

Comes loaded with optimized settings for all common forex pairs.

Real Time Broker Shield™

Keeps shady brokers from trading against you by guarding your trade information.

Most Popular Forex Robot

The #1 choice of professional forex traders using expert advisors.

Simple To Setup And Use

Designed for any skill level. Get up and running in less than 5 minutes.

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Best Forex Brokers

Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six brokers stand out for their sterling reputations:

NoBrokerMin. DepositPlatformsAccount TypesGet Offer
1.RoboForex$10MT4, MT5, RTraderStandard, Cent, Zero SpreadWelcome Bonus $30
2.ICMarkets$200MT4, MT5, CTraderStandard, Zero SpreadBest Paypal Broker
3.Exness$1MT4, MT5Standard, Cent, Zero SpreadFree VPS
4.XM$5MT4, MT5Standard, Micro, Zero Spread20% Deposit Bonus
5.AvaTrade$100MT4, MT5Standard, Cent, Zero SpreadTop Forex Broker
6.XBTFX$10MT4, MT5Standard, Zero SpreadBest USA Broker
7.FXTM$10MT4, MT5Standard, Micro, Zero SpreadWelcome Bonus $50
8.FBS$5MT4, MT5Standard, Cent, Zero Spread100% Deposit Bonus
9.Binance$10Binance PlatformsN/ABest Crypto Broker
10.TradingViewFreeTradingViewN/ABest Trading Platform

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FREQUENTLY ASKED QUESTIONS

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements.

Expert Advisors (EA) / Forex Robot are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.

Yes it is easy to use. Forex Robot is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.

Yes it is too easy. Just a few steps and you will be ready to use Forex Robot. You will also get a guide when you purchase any Forex Robot, it will help you to install EA. If you still need any help please contact with us.

Yes Forex Robot can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to monitor you trades. Our Forex Robot will do it for you. It will monitor the trades, open and close positions automatically.

MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers.

First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge.

You can use any broker that offers the Metatrader 4 trading platform. But for Best Result we suggest you to trade with most popular brokers.

You can use Forex Robot with Multiple Accounts. There is no restrictions.

You don’t need to trade yourself. Just turn on Forex Robot and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only Forex Robot to avoid any loss.

Yes we offer free updates of our robot. Our development team will not stop improving of the Forex Robot and make it competitive on the market under actual market conditions.

We know that the money is the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $50.

Every Forex Robot is unique. Please check the guide before trading. If you don’t understand which one is suitable please contact us.

Yes we provide customer support. Our support team is working 24/7 for you. If you have any questions about our robot don’t hesitate to contact us.

Yes you can use. Please Backtest before using it in a real trading. Or use Demo Trade for at least one month with your broker spread and proper balance. Never use in live trading with any pair without demo testing. It is always better to invest time before losing any money.

We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the Forex market opening on Monday to the market closing on Friday. Crypto market is open everyday 24×7.

If you can’t keep your PC / Laptop on 24 hours a day so better choice is to get a vps service.

Robot will stop working. You must have to start the robot as soon as possible. Otherwise your running trades will not be closed and it may occur big draw down.

We accept payments by Neteller, Skrill, Bitcoin, Perfect Money, Paypal, MasterCard & Visa. If you don’t have any Paypal you can select custom method during checkout & pay manually.

You have to fulfill only three easy steps to get special discount. Please check the details here.

After completing the successful payment, you will get instant download option from the Dashboard. Please click here to get your download link.

How to Place Order

In order to do download any of our premium trading tools,
Proceed to the Product page;
Scroll down to see the ADD TO CART button, click on it and proceed to the checkout page.

In checkout page;
First apply your discount code if you have any; then fill out the form.
Then select your payment method.
We are now accepting PayPal, Visa, Master Card, Bitcoin, Neteller, Skrill, Perfect Money, Google Pay & Bank Transfer.

Tick Terms & Conditions Box & Click Place Order.

Complete the payment.

 

How To Download

After Completing the Payment you will be able to download Expert Advisor and Indicator from dashboard. Please check Download Folder. If you paid manually please contact immediately. Admin will update the order and then you will get download option in the dashboard.

How To Install EA

After completing the download in your computer or laptop you have to extract the file using WinZip software. Please check How do I Install an Expert Advisor on MT4 article or check the following video.

 

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