Spartan Bolt EA – Forex Expert Advisor
Spartan Bolt EA is one of the most famous forex advisors in the modern online forex market. The Expert Advisor is a fully automatic trading system based on the scalping principle, i.e. a series of small profits in a short period of time. This fact is attributed by the advisor to the kind of scalpers. On the MetaTrader4 trading terminal, even with defaulted settings with a time frame of 1 minute on the currency pair Euro/USD, the Expert Advisor shows a very high efficiency of profitable transactions. But it can also be used with longer timeframes and with other highly liquid currency pairs, such as the pound/dollar or dollar/yen. The given adviser uses in the work trading strategists of Spartan that actually is reflected in its name. The Expert Advisor Spartan Bolt EA is an indicator and uses in its work two indicators to analyze the state of the financial market. The Expert Advisor allows you to open a large number of trade orders simultaneously, their number depends on the selected timeframe. The main profit when using Spartan Bolt EA is formed from a large number of closed profitable deals, which allows you to compensate for the hanging loss-making orders.
Spartan Bolt EA – detailed information
|Type of Expert Advisor||scalper|
|Size of the lot||not less than 10000 units per 0.1 standard lot|
|Size of deposit, $||1000|
|Timeframes||from M1 and above|
|Recommendationed brokers||Exness, FxClub|
|Pair tool/forex||EUR/USD,GBP/USD,USD/JPY (and other highly liquid)|
|Yield, % p.a.||10.23|
|Max. drawdown, % p.a.||18.47|
|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.