Question 1

What type of strategy does Besser EA MT4 use?

Accepted Answer

It is a multi-confirmation candlestick pattern strategy that analyzes 4 and 5 candlestick formations and requires multiple positive coincidences, filtered by Parabolic SAR.

Question 2

Is it safe to use?

Accepted Answer

It avoids Martingale and Grid methods. However, the default MaxRisk = 10% is quite aggressive. It is recommended to lower this value for safer trading.

Question 3

What is the risk level?

Accepted Answer

Medium to High — due to the 10% default risk setting. With proper adjustment, the risk becomes more manageable.

Question 4

Can I change the number of trades?

Accepted Answer

Yes. You can adjust Max Trades to control how many positions the EA can open simultaneously.

Question 5

Is the Max Spread setting too wide?

Accepted Answer

The default Max Spread = 50 is quite high. For better execution quality, it is recommended to lower this value (e.g., to 20–30) depending on your broker.

Question 6

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders. Beginners should significantly reduce the MaxRisk value and test thoroughly on a demo account first.

Besser EA MT4Premium

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