Question 1

What type of strategy does The Simple Worker EA MT4 use?

Accepted Answer

It is a Martingale Recovery strategy using pending orders and lot multiplication.

Question 2

What is the risk level of The Simple Worker EA?

Accepted Answer

It is High Risk. Although it has MaxLot and time filters, Martingale systems can cause large drawdowns during strong trends.

Question 3

What account type is recommended?

Accepted Answer

Best on ECN or Raw Spread accounts with low spreads. Minimum deposit $500 is recommended.

Question 4

Can it trade multiple pairs?

Accepted Answer

Yes, but it performs best on major pairs like EURUSD.

Question 5

Does it use Martingale?

Accepted Answer

Yes. It uses a controlled Martingale with multiplier 2.0 and MaxLot limit.

Question 6

Is it suitable for beginners?

Accepted Answer

It is simple to set up, but due to its Martingale nature, it is not recommended for beginners. Thorough demo testing for several months is strongly advised.

The Simple Worker EA MT4Premium

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