Mighty Makers Expert Advisor

Recommendations for using Mighty Makers:

• Minimum account balance: 100$.
• Trades only XAUUSD (Gold).
• Best performance on M30.
• It is recommended to run Mighty Makers on an always-on VPS to achieve consistent results. We recommend a reliable forex VPS such as MyForex VPS or WeaselCloud.
• The EA is not sensitive to differences in spread and slippage, but we recommend using a good ECN broker (find a suitable broker among those listed on our site).

Mighty Makers is presented as an advanced system designed to help investors make informed investment decisions by analyzing real-time market data. It claims to combine advanced algorithms for identifying market trends and providing personalized recommendations. A highlighted feature is a neural network driven by Murrey Math levels, intended to improve trend analysis and pattern recognition. How much of this is real, and how much is marketing hype?

A neural network based on Murrey Math levels. Mighty Makers claims to use a sophisticated neural network together with Murrey Math levels for advanced market analysis. Murrey Math levels are a well-known trading approach for identifying potential support and resistance on price charts. However, no technical details substantiate the neural network claim. “Neural network” may be a buzzword used to attract interest rather than a technically accurate description of the system’s capabilities.

Flawless pattern identification - the robot claims to identify price-chart patterns effectively, helping traders make informed decisions. Although pattern recognition is a standard element of trading software, it is unclear how far Mighty Makers outperforms competitors in this area.

Real-time market analysis - many trading platforms offer real-time market analysis. Mighty Makers may well provide it, although the effectiveness and accuracy of this function remain to be established.

Personalized recommendations - personalized recommendations can be useful, but the personalization mechanism is not explained in detail. Understanding the underlying algorithm is essential to evaluating their effectiveness.

User-friendly interface - the claim of a user-friendly interface appears to have some basis, particularly given the dashboard and other features designed to simplify the experience and make navigation intuitive.

Continuous innovation - the Mighty Makers creators’ claim of continuous innovation is common among technology products. The specific effect of these innovations on the user experience and investment success, however, remains to be seen.

First, test on a demo account for at least a week. Also familiarize yourself with Mighty Makers’ capabilities and statistics before using it on a live account.

Open Tools –> Options –> Expert Advisors. Check “Allow WebRequests for listed URL” and add the following resources to the list: “https://ec.forexprostools.com“, “https://www.worldtimeserver.com” and click “OK.” The robot reads news from these resources.

Conclusions:

Mighty Makers promises a range of features intended to help traders with the investment process. However, the lack of technical details and verifiable comparisons with other platforms makes some claims difficult to substantiate.

The EA’s demo account trading results are below:

UPD 23.03.2024: the EA has not opened any trades for several months.

UPD 05.07.2024: does not work on MT4 build 1420+.