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One of the many recent forex robot software strategies available is the Forex Growth Bot Expert Advisor. This system has been heavily seized upon by web promoters who have made a good job of promoting this system the top of every currency traders list to check out . On its own website, the program boasts it has reached ‘1 Cheap Drew Stafford Jersey ,000% gains in real trading over a matter of months’. So can an automated trading program truly produce such spectacular results on your own trading account? In order to find out the answer we initially will need to understand a little more about the strategy and its objectives.
Forex or FX, as the currency markets are often referred to Cheap Adam Henrique Jersey , are the largest financial markets in the world. These markets are volatile and prone to big moves throughout the course of the trading day. The attraction of this market is due to the abilty to be able to generate huge returns in just a short period of time. A trader can make a fortune from just backing a single market move, but many more will lose a fortune from backing the wrong moves.
Forex Growth Bot derives its name from this market (forex) on which it is exclusively used. ‘Bot’ is actually a contraction of the word robot can be likened to search engine crawlers like Google bots and connotes automation and automated systems. In other words the system offers an automated solution to trading the global currency markets. It provides a set of automated trading rules which are used by the system to define the best times to enter trading positions in the market. It is known as an Expert Advisor and is designed to be used within the MetaTrader trading platform. This trading platform is freely downloadable from any online forex broker site using them.
MetaTrader allows for these systems known as Expert Advisors to be created with a set of algorithms and logic in order to transact on the currency markets. The Forex Growth Bot EA is coded in the unique in built trading language that is used for the creation of Expert Advisors and makes use of the developers set of trading rules and algorithms to form the basis of the strategy used.
It is not possible for us to see inside the Expert Advisor to find out the exact range of indicators that are used to identify optimum trading points. It is however possible to work out that the system likes to identify trends in the market to profit from and uses strict money managment rules in order to protect its profits. A trend based Forex strategy will need to be able to identify the trend early in order to earn the highest level of profits from its trading. Trend strategies can often identify false moves which cause them to be stopped out Cheap John Moore Jersey , but will recover these losses on successfu entries! Once this strategy identifies a solid position it will then look to increase its positions in order to reap the maximum level of profits from the trend. This is how I believe Forex Growth Bot works from the trading record it posted on its website.
‘Whipsaw’ moves in the forex market are frequent which can trigger the trading stops. Too many of these can dent your profits and even destroy your account completely over time if you are not making sufficient profits from your winners! However this problem has a solution with Forex Growth Bot. It has an effective money management system that sets trading stops carefully calculated to cut losses early. By using only small, strategically placed stops Cheap Taylor Hall Jersey , the system is able to preserve trading margin in order to allow it to continue trading until it catches a big trend in the right direction Indeed, any trading system that incorporates such a tight stop loss strategy has a greater chance of ending up on the profit side in the long run!
Forex regulating agencies caution us from time to time about past performance so we can avoid being swayed so easily by people leveraging on their profitable past trading records. Yet given the weight of evidence we should not ignore the peformance Forex Growth Bot of making returns of over one thousand per cent in just a matter of months! If it can continue at this rate then it could make you very good returns on your investment! Be prepared for the system to pick up some losses along the way but be sure to keep sufficient margin in your account so that it can take advantage of the big trades for high profit gains. The system trades most profitably on the EURUSD currency pair and this is what is recommended by the system developer himself.
In order to find out if a system really works you need to try it our for yourself. Anyway Cheap Will Butcher Jersey , it costs less than a $100 and comes with a 60 day money back guarantee.
Find out more about the profits generated by You are able to track the effectiveness of the Forex Growth Bot EA in our live trading portfolio, where you can also monitor the effectiveness of many other top rated Expert Advisor systems.
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