Forex EA Trader Reivew
The foreign exchange market is the largest financial market in the world and has a trading volume of more than $5.1 trillion and it continues to grow. There are thousands of currency pairs that can be traded and the market is very volatile, which allows traders to profit from the movements. It should be noted that trading forex requires quite a fair amount of knowledge and gaining this knowledge is no easy task, especially if you don’t have a background in trading. Sure, you could make an effort and learn how the market works, but this takes time and requires a significant amount of energy and effort.
The problem is that not everyone has the time and energy to spare. Some people only look into entering the forex market in order to benefit from its profitability, but they have full-time jobs and cannot invest themselves completely. Does this mean that they cannot take advantage? Fortunately, forex trading robots can help you there because they use pre-programmed software for automating forex trades. There are different forex trading robots that exist in the market these days and most are designed to help traders make money from forex trading without having to trade manually.
For a lot of traders, these forex trading robots allow them to trade 24 hours a day and trade higher volumes no matter what they are doing throughout the day. While there are a plethora of forex trading robots in operation, choosing the right one is crucial. There have been some forex trading robot scams that you need to steer clear of and the only way to do that is to know what you are looking for. Among the various robots, you will come across Forex EA Trader, a fully automated forex trading robot.
Even though Forex EA Trader hasn’t been around for as long as some of the oldest trading robots in the market, it has certainly succeeded in making a name for itself in the market. This is primarily because the trading robot offers its clients a whopping 10607% net profit, something that most trading robots haven’t come close to. The best part about the Forex EA Trader is that it is not just making these claims; it actually lives up to them and has helped numerous beginner and professional traders in raking in huge profits through forex trading. But, how has it managed to do so?
Trading with Forex EA Trader
The most important thing to know about Forex EA Trader is that it uses a state-of-the-art trading algorithm that has been especially designed to help people in making the most out of forex trading. The system has been developed to constantly monitor the forex market and continuously analyze it in order to identify the most profitable trading opportunities. As soon as a lucrative opportunity is identified, the program automatically enters into a trade on behalf of the client with take profit and stop loss.
Yes, a vital feature of Forex EA Trader is that it gives complete freedom to its users to set take profit and stop loss levels as per their comfort and convenience. Not everyone has the same risk tolerance so you can go to settings and adjust these risk management features to suit your preference. Another prominent thing to know about this forex trading robot is that it follows 100% rules based trading. This means that the trading robot doesn’t do any kind of guesswork. There is absolutely no uncertainty when the software executes a trade.
All kinds of analysis are performed by the system and you will have full control of the take profit and stop less levels. Traders are just required to follow the system and don’t have to do anything else. They can switch to manual trading anytime they want and will remain fully in control of their account at all times.
Special Features of Forex EA Trader
You will obviously wonder what sets Forex EA Trader unique from other forex trading robots. It is compatible with both the MT4 and MT5 trading platforms, which means you can integrate it with a variety of forex brokers. This is definitely reassuring, but this is not where the special features of this trading robot stop. Some of the additional offerings that you will find here are:
- Broker SPY Module
The team behind Forex EA Trader spent more than 2,000 hours for developing this particular feature and its goal is to protect every single user from unfair brokers. Some brokers are unethical and try and take advantage of their clients by delaying order execution, charging high spreads or with high negative slippage. Broker SPY Module will instantly alert you if your broker tries to pull a fast one on you.
- Profit Protection System
Closing a previously profitable position at a loss or when it hits a stop can be very disappointing. To combat this problem, Forex EA Trader has created a guarantee of minimum profit for every position near-stop level. Plus, their algorithm monitors every position to ensure it can turn a profit.
- Broker Protection System
Forex EA Trader has introduced an in-built system that can keep your stop levels hidden from unethical brokers to ensure they don’t move against you. The broker will not be able to see your take profit and stop loss levels so they will not be able to use the information against you. An emergency stop loss is placed for protecting traders against disconnection, but the actual Stop Loss is reached before this emergency one.
- High-Spread Protection System
The purpose of introducing this particular system was to protect traders from when brokers increase the spreads above the levels acceptable to them. This is extremely important because high spreads can turn profits into losses.
Bottom Line
Forex EA Trader has one of the best trading algorithms in the market and provides traders with risk management tools that are not common among most trading robots. Combined with its robust customer support, Forex EA Trader can be used for profiting substantially from the forex market.
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