Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief time period. Researching the different worldwide markets, exactly how geopolitical occasions influence those markets, as well as evaluating the security of a certain economic climate are aspects that aid an investor assess which international money will certainly reinforce their placement as well as where the most effective financial investments are to be made.
Specialist as well as skilled investors make hundreds of bucks just by dealing international money at the correct time. Technically it looks straightforward, however not every person can conveniently examine the different aspects that influence the success of a profession. Simply for such situations, automated trading robotics have actually been established to aid anybody be successful.
1. FX Rapid EA the most effective forex advisor for long-term profits
Having a competent and well-developed trading system is basic to successful forex trading. That’s why the most cautious traders make a couple of trades a week, devoting themselves to reading “how to trade correctly” books instead of putting a trading robot, making money and not wasting time. Yes, there are more and less effective robots, and many of them are no longer profitable because the developers have made a one-time product designed for 2-3 months of success.
Elon Musk EA’s creators have a very different approach to trading robot: the robot was created over 10 years ago and its trading strategy is periodically adjusted. That’s why profitable trades are over 80%, you can work 24/365 (not just at night or certain hours) and you don’t have to turn it off before the news comes out.
FX Rapid EA EA attributes
FX Rapid EA is an extremely effective Professional Expert Advisor for the Metatrader 4 (MT4) system, committed to forex trading. It is among one of the most include abundant as well as steady Professional Expert currently. A group of designers is continuously checking its efficiency as well as enhancing it when needed.
This foreign exchange robotic has actually been established by professionals to be your excellent trading aide. Below are one of the most vital attributes of this extremely rewarding Foreign exchange Professional Expert:
- FX Rapid EA has unique formulas to open up as well as shut professions as well as uses innovative filters completely evaluated by the programmers;
- FX robotic collaborates with EURUSD, NZDUSD, AUDUSD as well as USDJPY;
- Instantly determines the whole lot dimension as well as restricts the feasible drawdown;
- Does not make use of Martingale as well as has exceptional long-term results;
- It is a very easy to set up MT4 trading software program with an user-friendly user interface;
- The system is automated, however you can make your very own changes to the EA if you desire, such as the quantity of revenue you desire as well as the percent of your down payment.
All this indicates that you obtain not just the most effective system currently, however likewise the most effective system for the future. Professional Expert is frequently upgraded as well as evaluated as well as the individual is provided an enhanced variation of the trading robotic. The program was established by a seasoned group of expert investors that intend to see you be successful.
2. Elon Musk EA Best Scalping Expert Advisor 2021
FX Rapid EA is a computerized FX trading consultant from the designers of fxrapidea.com. It is a program that takes care of foreign exchange trading with no treatment. EA benefits newbies as well as specialists alike. By connecting your account as well as establishing the EA, you get rid of the requirement to do anything on your own.
The extraordinary ElonMuskEa
Elon Musk, after whom the trading robot is named, solves complex problems by considering the achievements of competitors. The robot is based on the same principle, although the short Review Elon Musk EA video on the creators’ website is silent on the matter.
Scalping has been chosen as the basic strategy: short trades with small profit and impressive final profit. The strategy is risky because it is difficult to close trades in time, due to the platform and slow internet. The creators found an elegant solution:
- VPS is used for earning (the demo version offers a free VPS for 5 days);
- Deal closes instantly, no slippage;
- Less size and number of losing trades;
- With 120 trading hours per week and a minimum initial investment of $100 you get great profits.
ElonMuskEa mentions in passing that the robot’s short-term intraday trading strategy is based on trading volume data from 16 Forex indicators. You can trade any of 6 major currency pairs (Majors) and 20 crosses (for Professional category). This is quite enough to get a consistently high income.
Please note: ElonMuskEa does not use Martingale, a popular strategy which leads to financial ruin as the deposit runs out before the trend changes.
The robot can be controlled and changes can be made. You can read more about it on the form of the official website elonmuskea.com
There are quite a few clients on the forum who have bought this trading robot. I think it’s a great advantage to have a community of clients, where everyone can find answers to their questions.
Cons of Elon Musk EA
Every trading robot has drawbacks, Elon Musk EA is no exception. The cost of the product is above average:
- Optimum variant $1,499;
- The Professional variant is $2,499.
At the same time, there is a free Trial, where you can test the trading strategy in real time, and NOT on historical data (which is not offered by all). Additional costs are VPS, but they are quite budget-friendly. The nice thing is that all the combined costs are paid back quickly enough.
The relative disadvantage of Elon Musk EA is the lack of multitasking, at the moment the robot can only be setup for one currency pair. You will not be able to work with a basket of currency pairs or track changes in the currency index type. However, the robot allows to trade from multiple accounts (there is no reference to the owner or the account number). It allows 3 accounts for Optimum and 10 for Professional.
Tip: It means that you can buy one robot for several people! In this case the price will be from $249.9, which is not that much even for beginners. But I think it is better to discuss these conditions with the developer.
Elon Musk EA is a stably working trading robot with a well-built strategy, but it is not a wizard, although the volume of profits with its use is higher than that of its counterparts. Before you buy, install a demo version, test it and make sure that the size of the loss when using the robot is comparable to your psychological loss (risk) and that your personal trading strategy is not at odds with the robot’s trading system. In this case, the payback period of investment in Elon Musk EA will be minimal, and trading in Forex will be satisfying.
3. Forex Robotron EA
Forex Robotron EA is an expert in automatic Forex trading. The program works fully automatically. The signals are derived on the basis of mathematical calculations, due to which the result of winning 65% of trades is provided.
Users can currently choose from 4 different software packages. Forex Robotron Review by package:
- Basic: 1 real and unlimited demo account with free updates and professional support. Cost: $299.
- Standard: 2 real and unlimited demo accounts. Technological support is provided. The price of the package is $ 399.
- Gold: 3 live accounts and unlimited demo facilities. Updates and help from technical support. Package price $499.
- Premium: Access to unlimited real and demo accounts with regular updates. Technical support from the developer. Access price $999.
Since 2007 EA has already managed to get a huge profit. A lot of effort has been put into creating a reliable, secure forex trading robot that is able to predict market movements over the long term. The combination of qualities makes the program indispensable for everyone who trades in Forex.
The installation of the Expert Advisor is very simple. Everything is set up to start trading. It is easy to change the settings if needed.
The latest version supports a whole range of foreign currency pairs in a 5-minute interval. Robotron Review EA by currency:
EURAUD;EURCAD; EURCHF; EURUSD; EURCHF; EURGBP; EURGBP; EURGBP;EURUSD; EURCAD; EURCHF; EURGBP;EURUSD; USDCAD; EURCHF; EURGBP; EURUSD;USDCAD;USDCHF;USDCHF; EURCAD; EURGBP; USDUSD; USDCAD.
The trading advisor is automatic. It does the hardest work of searching for new opportunities among the currency pairs, leaving the client with access to easy earnings without constantly monitoring the situation.
Forex Robotron runs 24 hours 5 days a week, so it is impossible to miss profitable trades when the program is on. The trading robot is emotionless, relying only on numerical indicators, which gives a winning result. The software analyses the data at specific times, assessing the situation several days in advance. The trader can independently determine the risks and potential profitability with the help of an advisor. You start trading from $50 on cent account. The trading robot has minimal chances for negative results. The percentage of winning trades exceeds 65%.
What should a trader do if they are not happy with the performance of an EA and want their money back? There is a strict refund policy for such cases, calculated on a time-loss basis.
4. Overview of FxProud EA
Price: $299 (2 REAL ACCOUNTS, 1 12-month licence, free upgrade and 24/7 email support).
Currency pairs: EURUSD, GBPUSD, USDCHF, AUDUSD, EURAUD, EURCAD, EURCHF, GBPCHF, NZDUSD, USDCAD, USDJPY
Platform: Metatrader 4
FxProud EA robot strategy
According to the analysis, Forex Real Profit trades in an environment of minimal volatility and makes most of its trades between the end of the US session and the middle of “Asia”. The monitoring includes trades that this paid Forex advisor performed during the European session. That is, it does not have a clear time frame for trading and is not a pure overnight scalper.
FxProud EA analysis
At first glance, there are many currencies. But it only shows stable profitable dynamics on: EUR / USD, USD / JPY, GBP / USD, USD / CHF, EUR / AUD. Through these currency pairs it actually achieves its main result. Therefore, if you decide to place FxProud EA on your trading account, the developers recommend choosing only EUR / USD, USD / JPY, GBP / USD, USD / CHF, EUR / AUD, on which it trades most efficiently and with minimum fees. The profit ratio of the EA is 1.29. The number of profitable trades is about 67%. The average profit trade is +15.21 and the average loss trade is -22.58. All in all it is pretty good. Besides, the robot has been running since 2014, and shows stable profitability throughout the time.
And one of the main things that sets this robot apart from the rest is that this paid forex advisor always uses a stop loss and makes a profit. It never uses dangerous money management techniques like many other robots.
Advantages and disadvantages of FxProud EA
There may be better robots than the FxProud EA. Nevertheless, this paid Forex advisor is definitely worth a look.
As mentioned above – it’s not scary to put it in your big-money trading account for the following reasons:
- FxProud EA’s performance is confirmed by real monitoring, which has been in place since 2014. That’s enough time for the robot to work in any market conditions.
- This EA always uses SL and TP.
- FxProud EA does not use dangerous money management techniques such as martingale, averaging, hedging.
- MyFxbook service offers other robot controls that this paid EA profitable trades with various forex brokers. This means that it does not depend on the trading conditions of a particular broker.