DailyFX Breakout on Volatility – Forex Expert Advisor
DailyFX Breakout on Volatility was developed for automatic trading of currency pairs in FXCM accounts. By default, the robot places buy and sell orders in accordance with the intersection of a trading chart with a twenty-step scale, the extreme provisions of which are the lowest and highest price. The Expert Advisor performs very well in conditions of high market volatility, especially during the North American trading session. The advisor uses a disruptive strategy. DailyFX Breakout is not intended for multi-trade execution and executes only one trade order at a time. The Expert Advisor includes such a useful function as MagicNumber, which allows a trader to keep statistics of performed deals. DailyFX Breakout is intended only for trading in MetaTrader4.
DailyFX Breakout on Volatility – detailed information
|Executive class||short-term and long-term|
|Type of Expert Advisor||trendy|
|Size of the lot||no less than 1000 pips for 0.1 of the standard lot|
|Size of deposit, $||1000|
|Timeframes||from M5 and above|
|Strategies||Breakout on Volatility|
|Yield, % p.a.||67.41|
|Max. drawdown, % p.a.||39.59|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
What is a Forex Expert Advisor?
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
How do forex advisors work?
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Why shouldn’t beginners trade with Forex Expert Advisors?
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.