Technical indicators - a tool that facilitates technical analysis of the market, an important element in drawing up a trading strategy, providing information about a possible market change based on price history.
Expert Advisor (EA) are software or pieces of code, which when uploaded into the trading platform like Meta Trader 4 and Meta Trader 5 enable you to engage in forex trading via automated trading.
A forex trading bot or robot is the colloquial term for a software program based on foreign exchange market price movements that signals traders to buy or sell a currency pair at a given point in time. These systems can be automated and can be integrated with online forex brokers or exchange platforms.
While EA gives signals or draw programmed patterns trading robot trades automatically based on the coded algorithm.
Special software which copies trades from one account to other(s) between the same or different platforms.
Drawdown refers to the decline in the equity of a trading account from its peak value to its lowest point during a specific period. In simpler terms, it represents the loss experienced by a trader before the account recovers to a new high.
Yes, it works automatically with predetermined dynamic settings.
With minimum lot size (0.01) on 1000$ deposit it makes 5-10% profit monthly with very low DD (5-10%).
With minimal lot size average DD 5-10%.
On standard account minimum deposit requirement is 1000 $ on cent account 10$ (1000 USDC).
On standard account recommended minimum deposit and lot size is 0.01 for 1000$ deposit.
Yes, you can request demo of EA and Indicator.
It works on all time frames.
It works on all brokers which allow using the EA.
No, settings for each pair are different.
Because candlestick patterns are more accurate on the demo charts.
It works on MT4 platform.
It uses reversal strategy.
It uses Relative Strength Indicator (RSI) to filter the candlestick reversal patterns.
Conservative and Aggressive entry types are available.
Despite robot works on every pairs, most effective results are on AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCHF, USDCAD, EURCHF, EURCAD AND XAUUSD
It works on all pairs.
