Trend Forex Expert Advisor is a robot-expert that performs its own work in the presence of a strong trend in the market. With it, you can provide yourself with a constant guaranteed income, significantly reduce the level of risk.
Tool in brief
Forex trend advisors can work on several currency pairs, but it is recommended to choose USD-EUR and set the time frame to 5 minutes. If you set up 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 according to an individual algorithm. Each of them turns on only when the right moment comes. This approach allows you to extract the maximum profit from each trend movement. In addition, in the settings of the adviser there are also manual functions that allow you to independently regulate the operation of the program.
Settings
The main advantage of a trend EA is the infrequent opening of orders. Therefore, all users must payattention to setting the lot size. The program opens trades only when there is a strong trend in the market. Therefore, it is recommended to trade on several small deposits, thereby increasing income. Before you get started, test the trending Expert Advisor with default settings. After that, you can start changing the planned amount of income and loss, the level of risk and other parameters.
Pitfalls
The first thing you should pay attention to is the ability of a trend-following Expert Advisor to determine market phases (up, side or down) and act based on the data received. In order to avoid testing each Expert Advisor, let's designate obviously unprofitable and dubious strategies of the program:
- Martingale system. A trend advisor should be able to determine the clear direction of the market, 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 that works on long-term investment. Forex Expert Advisors ideally use daily charts. Avoid those that trade intraday.
- Watch the deals. The market is the place where force majeure occurs, so you should not forget about limiting losses.
Many Expert Advisors on the network are intraday. But by its very nature, the trenda steady and long-term tendency to decrease or increase in price. Such programs are always subject to additional risk, because even if there is a micro-trend, eventually the market will adjust to a stronger, global trend. The Expert Advisor is a great tool to increase your own income. Its features are designed for long-term investment, so take your time and you will get impressive profits with minimal risk. Good luck in business!
