DailyFX PLUS – Forex Expert Advisor
The DailyFX PLUS Trading Signals (Combo Pack) Expert Advisor has been specially designed for trading currency pairs on FXCM trading accounts, including demo accounts. Besides, you can trade with the help of this Expert Advisor only in the MetaTrader4 trading platform. DailyFX PLUS Trading Signals is a paid program and costs $250. The application has an intuitive user interface and allows you to make a lot of fine-tuning. The profitability factor of the Expert Advisor is 1.32, so it is referred to the average risky trading robots. DailyFX PLUS receives trading signals from the Speculative Sentiment Index system, which tracks how exactly the quotes are executed on the market at the moment.
DailyFX PLUS – detailed information
|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 M1 and above|
|Strategies||all classic strategies|
|Pair tool/forex||EURUSD, GBPUSD, AUDUSD|
|Yield, % p.a.||47.39|
|Max. drawdown, % p.a.||15.31|
|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.