Unveiling the Features of The POW Banker EA - Part One.
Whether you’re trying to secure your first funded account, scale your live capital or withdraw more profits from prop firms…
The POW Banker EA has the tools, power and capabilities you need to elevate your trading and maximise your profits - all whilst allowing you to go about your day, living life on your own terms.
In this blog, we’ll dive into some of the amazing features of the POW Banker EA and how it can help you take your trading to the next level.
Feature #1 - Ability To Keep Your Account Unique
With prop firms in mind, we identified some key considerations to help traders keep their accounts unique and avoid the dreaded ‘copy trading’ violation rule.
- Random Entry Delay 0-5 secs
If set to true, a random delay will be added before the trade is executed - this can help your trades stay unique, without affecting the entry price too much.
- Magic Number
This is something brokers and prop firms will see in the trade log, which is why it’s important to keep yours unique to you (you can even just use your account number). It’s also how the EA knows what trades are open and how to manage them.
- Trade Comment
A simple feature that allows you to add a comment of your choice to each trade on your account.
- Pip Step, Delay Trade Sequence, Live Delay, Lock Profit And Trailing Stop Loss
These can all be customised and backtested, with the ability to include ATR in the pip step, lock profit and trading stop loss - helping your settings and account stay unique to you.
Feature #2 - Advanced Forex Indicators
As traders, we understand the importance of using indicators to make informed decisions and to boost your trading profits - which is why we decided to code advanced indicators such as the following, into the POW Banker EA…
- RSI (Relative Strength Index)
RSI is a key component of the POW Banker EA - if you wish to use it - because as with any of our indicators, you can decide for yourself if it’s something you wish to use or not.
The RSI feature helps identify overbought and oversold market conditions, and can be optimised on whichever timeframe, period and level you wish to test and use for your strategy.
- EMA (Exponential Moving Average)
The use of triple EMA’s allows the Banker EA to analyse market conditions with greater depth, helping you trade more effectively and bank more profits - whether that be in a ranging market, trending market or trading against the trend…we have an option for each so that you’re not limited to trading one way.
That’s right, we can effectively cover ALL market conditions!
- ADX (Average Directional Index)
The POW Banker EA utilises the ADX indicator to identify the strength and direction of a trend in the market. It helps our traders identify whether the market is trending or in a range-bound phase, with a high ADX value indicating a strong trend and a low ADX value suggesting a weaker or non-existent trend.
Again, as with all of our indicators - you only use what you wish to use as there is no ‘one size fits all’ approach.
Feature #3 - Custom Trading Session Times
One of our standout and most effective features to date is the option to use custom trading session times of your choice.
This means you can accurately trade the exact days and times that fit your strategy and psychology best.
Want to trade Asian, London or New York session only?
Maybe you just want to leave out Mondays and Fridays altogether?
Or maybe you’d prefer to close everything down for the weekend?
You set the times and the EA will manage the trades for you.
Simply set the action you wish to take at the end of the trading session - we have options to close all trades, wait for sequences to close or pause the open trade sequence.
Bonus Feature #4 - User-Friendly Interface And Support
Unlike most EA’s and algo trading groups, POW provides you with ALL the education and support you need to be successful whilst using our products such as the Banker EA.
We have a fully equipped web app, complete with an extensive video library - full of educational videos and walkthroughs for each member to work their way through when they sign up.
This not only keeps things neat, tidy and all in one place…
But also provides our members with the knowledge and know how to use our EA’s effectively and maximise their profits all year round.
Not to mention the 25/7 support we provide to go with it.
It’s fair to say the Banker EA is a powerful and sophisticated tool, which can be utilised and used in many different ways.
Be sure to keep an eye out for Part Two, where we will run through more of the amazing features included in the Banker EA - such as our custom, high impact news filter.
To your success,
The POW Team.
P.S…
If you want to apply to join POW and you think you’d be a good fit for our community, then simply click HERE and follow the steps.
