Question 1

What type of strategy does Exorcist Projects EA MT4 use?

Accepted Answer

It uses a trend-following averaging system with non-geometric progression. The EA identifies medium-term trends and opens positions on pullbacks, then averages the price if the market moves against the position.

Question 2

Is it safe to use?

Accepted Answer

It is relatively safe because it avoids Martingale and uses non-geometric progression. However, like any averaging system, it requires proper risk management and sufficient capital.

Question 3

What is the risk level?

Accepted Answer

Medium — thanks to the non-geometric averaging and built-in protection systems. The risk depends on how aggressively you set the lot size and grid parameters.

Question 4

Does it use Martingale?

Accepted Answer

No. It uses a non-geometric averaging system, which is safer than traditional Martingale.

Question 5

Can I use it on multiple pairs?

Accepted Answer

Yes. It is a multi-currency EA and works well on a wide range of pairs with proper configuration.

Question 6

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders. Beginners should start with conservative settings and test thoroughly on a demo account.

Exorcist Projects EA MT4Premium

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