Forex Trend Advisor is an expert robot that performs its own work if there is a strong trend in the market. With it, you can provide yourself with a constant guaranteed income, significantly reduce the level of risk.
Briefly about the tool
Forex trend advisors can work on several currency pairs, however, it is recommended to choose USD-EUR and set the time frame to 5 minutes. If you configure the adviser correctly, then getting a stable income will soon become your habit. A trend advisor is a complex of individual programs that are activated and work on an individual algorithm. Each of them turns on only when the right moment comes. This approach allows you to extract maximum profit from each trend movement. In addition, in the advisor settings there are also manual functions that allow self-regulation of the program.
Settings
The main advantage that a trend adviser has is the infrequent opening of orders. Therefore, all users should pay attention to setting the lot size. The program only opens deals when there is a strong trend in the market. Therefore, it is recommended to trade on several small deposits, thereby increasing income. Before you start, test the trend advisor with the default settings. After this, you can begin to change the planned size of income and loss, risk level and other parameters.
Underwater rocks
The first thing you should pay attention to is the ability of an adviser trading with a trend to determine the phases of the market (ascending, lateral or descending) and act based on the data obtained. In order to avoid testing each advisor, we denote the obviously unprofitable and dubious program strategies:
- Martingale system. A trend adviser should be able to determine a clear market direction, and not play roulette.
- Use demo accounts in order not to lose a lot at the initial stage. If you decide to use the program on a real account, be sure to specify the minimum allowable lot.
- Trends are formed over several days, and sometimes weeks. Prefer an adviser working on a long-term investment. Forex advisors ideally use daily charts. Avoid those that trade within the day.
- Watch the deals. The market is the place of occurrence of force majeure, so you should not forget about limiting losses.
Many advisors on the network are intraday. But by its nature, a trend is a steady and long-term tendency to lower or increase prices. Such programs are always subject to additional risk, because even if there is a micro-trend, then in the end the market will adapt to a stronger, global trend. Advisor - a great tool to increase your income. Its capabilities are designed for long-term investment, so do not rush, and you will get impressive profits with minimal risk. Good luck in business!