What is a forex Expert Advisor (Robot) ?
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A forex Expert Advisor, also known as a forex robot, is a software program designed to generate signals for buying or selling a currency pair automatically. These programs use preset trading rules and algorithms to determine when to enter or exit a trade. Expert Advisors can help remove the emotional and psychological factors from trading decisions, but caution is still advised when using them. It is important to conduct background checks and tests before purchasing an EA, and traders should consider developing their own or purchasing one available in the market. Expert Advisors are built using MQL programming languages supported by MetaQuotes.
Should You Use Automated Day Trading Software (EAs)?
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Activating the bot is the best way to earn money without effort and time.
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Operate in the market without the need for market science and spending a lot of money for training with fully automatic and advanced algorithms.
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Having advanced settings for risk and capital management to minimize risk.
Lucky Trade
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This robot only works on specified currency pairs.
The minimum capital required for this robot is 1000 dollars.
This robot has compound profit feature.
The maximum Drawdown is 40%.
The amount of profit between 7% and 15% per month depends on the user's risk tolerance.
The account number cannot be changed after activation.
The percentage of profitable Trade between 70 and 80 percent.
Tested for last 30 months with test video for further clarification.
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Dragon Fire
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This robot only works on Nasdaq.
The minimum capital required for this robot is 500 dollars.
This robot has compound profit feature.
The maximum Drawdown is 30%.
Martingale strategy is not used in this robot.
The amount of profit between 10 and 15% per month depends on the user's risk tolerance.
The account number cannot be changed after activation.
The percentage of profitable Trade between 70 and 80 percent.
Tested for last 30 months with test video for further clarification.
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