GL 2MA Advisor: Full Review and Installation Guide
Advisor GL 2MA is an automated program designed for the effective application of strategies based on moving averages (MA and EMA) in the Forex market. This trading robot can accurately identify trend changes even on small time frames. In this review, we will discuss the main features of GL 2MA, its effectiveness and capabilities, and provide installation instructions.
Description of the advisor
GL 2MA is a program designed to determine the strength of the current trend and its reversal points. The main advantage of this advisor lies in the minimum number of settings and stable operation in market volatility conditions.
The program can be used for trading with any currency pairs. During testing, it was found that GL 2MA shows good results, but experiences significant drawdowns. According to research, the average monthly profitability ranges from 7 to 8%.
Among the optimal conditions for working with the program, the following can be highlighted:
- Using short-term time frames, ideally 15 minutes.
- Preferred currency pairs: USD/JPY.
- Minimum deposit starting from $100.
- Focus on short positions and scalping.
Strategy and tools overview
The advisor interacts with all types of moving averages, allowing it to effectively analyze trading signals and determine the current trend.
Among the advantages of working with moving averages, complete trend identification and ease of use can be highlighted. However, such strategies may be ineffective during sideways trends and in volatile markets.
Recommended articles for you:
- CCI Trader Advisor: review and feedback.
- FX Shutter Stock EA: installation rules and reviews.
Installation of GL 2MA advisor
To install the advisor, you need to download the program from the developers’ official website and move the file to the “Advisors” folder on the MetaTrader 4 or 5 platform. After that, you need to update the trading terminal and perform a brief installation specifying the necessary parameters.
When setting up the program, it is important to consider the moving average calculation period (Per) and shift (Shift) to optimally configure the advisor’s operation.
Advisor reviews
User reviews of the GL 2MA advisor are divided: some note the good performance of the program, while others point out the need for optimization.
Some traders prefer to use the program in clearly defined trends, while others do not recommend using it at night and on short time frames.
Conclusions
GL 2MA is a reliable assistant for experienced traders that can be effective in impulse trading. Beginners are advised to exercise caution when using the program to avoid significant deposit drawdowns. It is important to remember that the advisor is not effective during sideways trends.
Author: Tatiana Galchinskaya