Forex Expert Advisor Progressor is an absolutely automatic trading system. This Expert Advisor was created to work with the most popular trading platform – MetaTrader 4. The joint use of Progressor and MetaTrader 4 makes it possible to determine market entry points as accurately as possible. This Expert Advisor is suitable for working with a wide range of financial instruments, and its flexible settings allow traders to implement any preferences in the use of the trading system. The degree of aggressiveness of the Expert Advisor in transactions is set by the trader, which makes it suitable for traders of different levels of emotional stability. The Expert Advisor works absolutely on all timeframes and on all instruments, but it has proved to be the most effective on M5 and Euro/USD currency pairs. The advisor is able to work around the clock, and shows good results even on Friday. The main strong feature of the Expert Advisor is that it is extremely accurate in determining the entry points into the market. The advisor, in its main purpose, uses the principle of averaging. But if you want, you can disable this function and it becomes a completely different type of EA – a daily scalper.
Progressor v 1.9 – detailed information
|Type of Expert Advisor||trend|
|Size of the lot||not less than 10000 units per 0.1 standard lot|
|Size of deposit, $||100|
|Pair tool/forex||EUR/USD, EUR/CHF|
|Yield, % p.a.||11.82|
|Max. drawdown, % p.a.||17.67|
|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.