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FxPro DRAGON
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License $149 - $189
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Fx Pro
Gold ROBOT
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License $137 - $197
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Most recommended Forex robots
Expert Advisor
FX
Classic Trader
LIVE PERFORMANCE
License $109 - $149
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FX ENIGMA EA
LIVE PERFORMANCE
License $149 - $249
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HAPPY
Japanese Market
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License $249
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Fx Pro
Silver ROBOT
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FX FORTNITE EA
LIVE PERFORMANCE
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HAPPY
BREAKOUT
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License $550
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FOREX REAL PROFIT EA
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HAPPY POWER
LIVE PERFORMANCE
License $325
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FOREX GUMP EA
LIVE PERFORMANCE
License $199 - $399
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happy Neuron
LIVE PERFORMANCE
License $349
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FOREX CYBORG
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License $499 - $599
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Expert Advisor
Fx Pro
Gold ROBOT
+
Expert Advisor
Fx Pro
Silver ROBOT
=
License $199 - $279
Expert Advisor
EAs Happy Forex Full Pack (10x EAs) - 2
Licenses
License $299
Expert Advisor
EAs Happy Forex Full Pack (10x EAs) - 5
Licenses
License $499
Check out our List of the Best Forex Trading Robots with High
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Best software runs automatically on your computer without any input
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What Is An Forex Expert Advisor (Robot)?
An expert advisor (Robot) is
a specially designed software that can carry out trading functions.
This software notifies forex traders of opportunities and advises
them on the trades they should make. An expert advisor can also
manage trades in the place of the forex trader
Programmed using Meta Quotes Language (MQL), an expert advisor works
on the Meta Trader platform.
The
Meta Trader platform is an online platform for forex traders. The
expert advisor comprises a mathematical model that uses trade
signals to determine the best entry points into trades.
Some forex EAs gather data on forex markets and then send trading
signals to the trader. Others analyze this data and use it to decide
the best time to enter a market.
What your expert advisor does depends on the way you have programmed
it.
You can even program your EA using specific instructions. The expert
advisor will then make trades according to those instructions while
you are occupied.
How Can YOU Use Forex EA (Forex Robot)?
After installing an EA (Forex Robot), you
need to set its parameters according to the trading strategies you
want it to use and the functions you want it to have. Using the
parameters, the Forex EA analyzes different trading opportunities
and decides whether or not to invest in them.
The
Forex EA (Forex Robot) does this through a set of questions incorporated into its
mathematical model. Using these questions, it makes a decision about
the trade.
How Do Forex Expert Advisors (Forex Robot) Work?
Expert advisors (Forex Robot) make the
trading process automatic, helping you make a profit through trades.
They
use technical indicators and trade parameters to identify profitable
trading opportunities.
After you attach an EA to a chart on your MT4 platform, the forex
expert advisor will analyze market conditions and use them to advise
you on trades to make.
It
uses different factors and situations to draw conclusions about the
direction a market will go.
When making trade decisions, an EA follows a set of rules or
conditions. With these conditions in place, the EA manages trades on
behalf of traders by entering and exiting markets as needed.
The functions of an EA range from advisory functions to making
decisions for you. What a certain EA does depends on the type of
expert advisor it is and how you have programmed it.
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