Smoothed SMA-Cross – Forex Expert Advisor
Trade Advisor Smoothed SMA-Cross is one of the many trading robots created by the software department of FXCM. The Expert Advisor is designed for trading exclusively in the MetaTrader4 platform. Being a free product, Smoothed SMA-Cross is nevertheless a profitable, reliable investment tool. The Expert Advisor as a whole will be able to trade several currency pairs, but at the same time it is able to trade only one currency pair. The trading principle used by the robot is called “Two Simple Moving Averages”. Its main purpose is to smooth out the so-called “market noise”. The Expert Advisor is equipped with stop-loss and risk-limit functionality to protect the trading account from a full “drain”.
Smoothed SMA-Cross – 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, $||500|
|Timeframes||from M1 and above|
|Pair tool/forex||EURUSD, GBPUSD|
|Yield, % p.a.||42.77|
|Max. drawdown, % p.a.||14.78|
|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.