Forex Factory – Forex Expert Advisor
Forex Factory Expert Advisor is an accurate and reliable tool for trading currency pairs. The application is regularly tested and optimized by professional traders. The Expert Advisor is fully automatic, and only the user is required to install it for the first time. Forex Factory uses in its work one of the oldest and most popular trading strategies – low risk scalping after a short trend. The Expert Advisor is paid, its cost is $159, but the vendor of the product provides users with a month of trial testing, during which the buyer can get back the cost of the application, if the product is not liked or not shown to be effective. Expert Advisor allows you to get an average monthly profitability of 96%, the maximum average monthly loss is 24%. Forex Factory is a universal investment solution suitable for both beginners and experienced traders.
Forex Factory – detailed information
|Type of Expert Advisor||Scalping|
|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|
|Recommendationed brokers||RoboForex, Exness|
|Yield, % p.a.||74.47|
|Max. drawdown, % p.a.||23.8|
|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.