Pip Master – Forex Expert Advisor
Trade Expert Advisor Pip Master is a medium-term trading robot suitable for trading several major currency pairs. The Expert Advisor trades on timeframes of one minute or more. Pip Master uses in its work the so-called net trading system, which tries to close potentially unprofitable deals as soon as possible. The software is completely free for all traders who have a trading account with any of the forex brokers affiliated with the developer of the application. In addition, the developer of the Expert Advisor provides free VPS services to its clients. The main limitation in the use of the Expert Advisor is the size of the trading account, it must be at least 1000 dollars. An Expert Advisor can perform several trades simultaneously and also allows hedging and scalping.
Pip Master – 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|
|Pair tool/forex||EUR/USD,GBP/USD,USD/JPY and other highly liquid|
|Yield, % p.a.||76.39|
|Max. drawdown, % p.a.||19.21|
|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.