Taren Forex EA – Forex Expert Advisor
Taren Forex Expert Advisor is a commercial trading robot created by Taren software developer. The cost of the application is 99 dollars. Using an Expert Advisor does not require prior experience in currency trading or complex initial setup, as the application is fully automatic. The profitability factor of the Expert Advisor is 1.75, this fact refers it to the average risk of trading robots. The Expert Advisor trades two currency pairs – euro/dollar and pound/dollar on a 30 minute timeframe. The maximum drawdown fixed on MyFxBook is close to 100%, so when using the Expert Advisor, be careful not to lose the entire deposit.
Taren Forex EA – 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, $||1000|
|Timeframes||from M30 and above|
|Strategies||Fort Financial Services|
|Recommendationed brokers||your own indicators|
|Pair tool/forex||EURUSD, GBPUSD|
|Yield, % p.a.||86.33|
|Max. drawdown, % p.a.||44.68|
|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.