Laba Forex EA – Forex Expert Advisor
Laba Forex Expert Advisor is a very simple but very effective tool. The Expert Advisor is paid and costs $99, which makes it one of the most inexpensive applications for automatic currency trading. Laba Forex knows how to trade only two currency pairs – euro/dollar and pound/dollar on five-minute timeframes. The Expert Advisor does not require a traditional installation, just drag it to the trading chart and it will take effect. The robot continuously analyzes market conditions and adjusts trading parameters based on its expected market trend. The developer is constantly improving the scripts of the Expert Advisor, as well as providing round-the-clock support to its clients.
Laba Forex EA – 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|
|Recommendationed brokers||RoboForex, Exness, FxPro|
|Pair tool/forex||EURUSD, GBPUSD|
|Yield, % p.a.||83.41|
|Max. drawdown, % p.a.||43.73|
|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.