Forex Weapon is a multitime trading advisor. The Expert Advisor can trade on several timeframes, including M15, M30, H1 and H4. The trading solution is compatible with most major currency pairs. The strategy used in the Expert Advisor – Mean Reversion – is that the Expert Advisor buys undervalued currency pairs and sells overpriced ones. The strategy of the Forex Weapon Expert Advisor is based on the assumption that the price will return to its average value sooner or later. Forex Weapon is a medium risk investment instrument. The developer of the application provides round-the-clock client support and offers a trial period of 60 days, during which funds can be repaid if the Expert Advisor is not effective.
Forex Weapon – detailed information
|Type of Expert Advisor||trend|
|Size of the lot||no less than 1000 pips for 0.1 of the standard lot|
|Size of deposit, $||1000|
|Timeframes||Multi-TimeFrame (M15,M30, H1, H4)|
|Indicators||your own indicators|
|Pair tool/forex||EURUSD, GBPUSD, AUDUSD, GBPJPY|
|Yield, % p.a.||78.38|
|Max. drawdown, % p.a.||29.28|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
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.
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.
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.