Pivot Trader PRO is a fully automatic trading software. The advisor knows how to trade six major currency pairs. A remarkable feature of the application is the so-called unique triple transaction verification, which is a system of confirmation of transactions. The trading robot was developed by Doug Price, the author of the Vortex Trader PRO robot. Pivot Trader PRO is a paid application and costs $799, which makes it one of the most expensive trading robots on the currency market. But all updates of the Expert Advisor are provided to its buyers absolutely free of charge. The strategy used by the robot is based on a unique calculation of beer levels to make a profit from a price reversal.
Pivot Trader PRO – detailed information
|Type of Expert Advisor||Scalping|
|Size of the lot||no less than 5000 pips for 0.1 of the standard lot|
|Size of deposit, $||500|
|Indicators||your own indicators|
|Recommendationed brokers||FxPro, Fort Financial Services|
|Pair tool/forex||EURUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, EURGBP|
|Yield, % p.a.||65.42|
|Max. drawdown, % p.a.||28.37|
|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.