Setka Trader – Forex Expert Advisor
Setka Trader is a non-presidential Expert Advisor for automated trading using a grid strategy. The Expert Advisor is very popular all over the world, but it is in great demand in the Russian-speaking segment of the Internet. Setka Trader works only on mathematical algorithms. To work with this EA, you will have to use timeframes from M1 and higher and work with a lot of at least 10,000 units per 0.1 standard lot. The Expert Advisor shows the highest results with such currency pairs as EUR/USD, GBP/USD and AUD/USD. The recommended brokers for using Setka Trader are RoboForex, Forex4you and Exness, but it is also suitable for many others. The highest accuracy of the Expert Advisor and the highest efficiency of transactions is achieved on the MetaTrader4 trading terminal, even with the default settings, but it can also be used on other trading platforms. The average profit value of this Expert Advisor is almost twice as high as its drawdown value. The Expert Advisor has a lot of settings and trading parameters, but for an experienced trader it is not difficult to understand its functionality.
Setka Trader – detailed information
|Type of Expert Advisor||network|
|Size of the lot||not less than 10000 units per 0.1 standard lot|
|Size of deposit, $||2500|
|Timeframes||from M1 and above|
|Indicators||the Expert Advisor does not use any indicators and candlestick analyses|
|Recommendationed brokers||Exness, RoboForex|
|Pair tool/forex||EUR/USD,GBP/USD, AUD/USD|
|Yield, % p.a.||85.12|
|Max. drawdown, % p.a.||97.15|
|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.