REV Trader PRO is a free robot for trading currencies. Its use is limited to the list of certain forex brokers. The robot categorically does not use scalping strategy to avoid account reduction due to broker fees, slippage and spread widening. Besides, it is better to trade on longer timeframes. REV Trader PRO shows the best results with four major currency pairs, but theoretically it can be configured to trade any currency pair. The Expert Advisor successfully trades on default settings, but the trader is not limited by them and can configure any parameters at his discretion.
REV Trader PRO – 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, $||100|
|Recommendationed brokers||Fort Financial Services|
|Pair tool/forex||EURUSD, GBPUSD, AUDUSD, NZDUSD|
|Yield, % p.a.||57.36|
|Max. drawdown, % p.a.||17.24|
|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.