In this particular article, we are going to take a look at the Forex Trend Detector. A system of trading that has been automated. Is perhaps your area of specialization in life the field of foreign market?
If you have been into the forex market even for the slightest duration of time, you must be fully aware how being able to predict the market is crucial if you are to realize profits.
We all, those in the forex market, try to find a way of being able to predict the direction in which the market is headed to.
From whatever angle you take a look at it from, the product we are reviewing is a quite decent robot when it comes to forex trading. This might prove to be what you have been looking for.
The all important tool in your engagement as a trader in forex. If you are having doubts as to whether this product is the perfect deal or whether it may be scam, reviews are here to clear such doubts.
Let me take you through a review of the Forex Trend Detector and leave you at a better point to be able to make a decision as to whether get it or not.
About The Product
You might be wondering what the reason is for me recommending this product to you. What you can be sure of, is that I have you personal best interest at heart.
Forex Trend Detector EA is an expert advisor in FX that has been programmed by traders from the WallStreet Forex Robot team who are nothing less of professionals.
The advisor has been placed into action a couple of hundreds of times resulting in the successful generation of profits with no limit on numerous number of times.
The designing of Forex Trend Detector Expert Advisor was under the guidance of one among the most respected Fund Managers in the industry. One who has well over 15 years in experience of active trading?
The algorithm here has been put to test, undergone reviewing, been refined and also tested again just to be sure that what we have is a tool that is most powerful and also robust in the market out there. The strategy, volatility breakout is nothing new.
The strategy, volatility breakout strategy, is by no means gambling on a technique that has not been tested. It is at the top of the list of methods of thousands of fund managers with high success along with investment houses and institutional buyers.
A cutting edge polynomial algorithm is made use of in Forex Trend Detector EA. An algorithm that will make adjustment to the system parameters all in real time.
You can actually be able to set it up easily in just a matter of minutes not mentioning its simple activation. In-built settings on management of money, newbie and also traders with experience friendly.
Parameters of Forex Trend Detector
An identifier that is unique is used to recognize Forex Trend Detector and manage its own positions. If you make use of other expert advisors using the same account, you should ensure that each of the accounts has a unique identifier that is distinct.
An additional precaution is that you should never run two or more copies of the Forex Trend Detector using the same account.
This is a very crucial parameter in back-tests. If you fail to enter the right GMT Offset for the history of the back-test data that has been loaded in your MT4 terminal, the back-tested will be wrong.
Comments are entered here if you would wish to make a recording of the comments on your trades in Forex Trend Detector.
The maximum spread that is allowed in standard pips that are 4-digit. You have the ability of entering partial values.
Maximum slippage that is allowed in standard pips that are 4-digit. Entering of partial values is also possible.
In the StealthMode, the levels of StopLoss and TakeProfit are hidden from the brokers. If you make use of this mode, orders for StopLoss and TakeProfit cannot be located in the trading server. This implies that if connection is absent in your trading terminal or incase the robot stopped working, protection of your orders is not available.
MM Parameters of Forex Trend Detector
- RecoveryMode: Upon the activation of RecoveryMode, an effective compensation of the current drawdown by an algorithm is done through the smooth increase in volumes of trading. The only time when the mode is active is when AutoMM is larger than zero. Before activation of RecoveryMode, have in mind that it is possible to cause more risk to your account. As such, RecoveryMode usage should only be during low AutoMM parameter values. I recommend it with values that are lower than 1.
- RecoveryMultiplier: The factor of multiplication that is used from RecoveryMode. 1.05 is the default value for RecoveryMultiplier meaning that the volume of trading of every following trade will be multiplied by 1.05 up to when the drawdown is compensated partially.
- FixedLots: How far the volume of fixed trading goes. If using AutoMM>0, the FixedLot parameter value will not result in any difference.
- AutoMM: Automatic management of risk is activated at values that exceed zero.
- AutoMM_Max: the maximum risk that is permitted in the terms of a percentage of account per individual transaction that is calculated based on a 100 pip loss. When Using RecoveryMode, the parameter sets the limit of upper value of risk per trade.
- MaximalLots: The maximum lots that are allowed.
- MaxTrades: The maximum trades that are allowed. 10 is the default value here and is opened in an interval of 5 minutes in the same direction as a strong impulse in the market. The happening of this is possible at the times of very strong and very rare market impulses. These two result in the greatest profit as far as Forex Trend Detector EA is concerned.
The results that have been displayed by Forex Trend Detector in the course of one and a half years are satisfactory. It surely is deserving the place that it occupies in a portfolio of EAs although it is a drawdown that is relatively large.
• The price that you have to pay to buy this product is reasonable and stands at $99. This price is not only affordable but also reasonable.
• The product has a 60 day money back guarantee that it comes along with that makes it possible to return the product in case it does not fully fit what you desired before buying.
• Concerning the product, there have been numerous positive reviews. This does more to guarantee you that this product is not a scam but actually delivers its promises.
• Reliability. You can be able to rely fully on this program since the creators behind it are experts in the forex industry and have quite a number of years in experience.
• The product has actually been tried and proven to generate quite a decent amount in profits to the user. As such, the probability of the product frustrating you is extremely low.
• For you to get the product, you are likely to encounter a challenge since there lacks any official account of a vendor on Myfxbook.
Summary: Forex Trend Detector EA is a Forex strategy that is automatic and has a programmed analytical system. It is going to allow you to relax as you simply watch the FX Trading Robot undertake its trick. Following the scales, parameters and limits that your transaction being given to you, the robot will take over and take care of each and every single transaction for you. This gives you the permission to have control while your energies are focused on other matters that are also as important.
Jacob Love on 2018-05-05 12:33:47
Forex Trend Detector – Expert Advisor (EA) developed by “FXAutomater” team. They created a lot of other time-proven trading robots like widely known (for those who took an interest in Forex EAs just for once) “Wall Street Forex Robot”, “Volatility Factor” and “Forex Diamond”. It is one of the reasons why “Forex Trend Detector” should be treated with a respect. As the name suggests, it is a robot that trades with a trend and uses indicators. By purchasing a license you will not only get the EA and a manual, but also its regular updates in a real-time mode, namely: part of important data comes from a server, such as GMT, and many inputs like stop-loss and take-profit size.
Linda on 2018-04-05 15:01:38
The Forex Trend Detector automated forex trading software for the MetaTrader platform has been forward tested on a live account by ForexPeaceArmy
Jeffrey on 2018-04-05 14:55:59
it is a robot that trades with a trend and uses indicators. By purchasing a license you will not only get the EA and a manual, but also its regular updates in a real-time mode.
I am HereJosephine Blair on 2017-12-04 03:56:15
I just got into the business of forex and I must say that it is more than an amazing thing to do. I am hoping that I get to grasp those tips asap and then be able to move to the next level. It is something that needs to be done well for better returns.
A valueable programTosh on 2017-08-19 05:36:00
This is forex trend detector and trust me it is the best as far as forex is concerned. I have been doing forex trading for a long time and I have never come across a program that is as smart as this one.
When you think predicating trends in forex is so difficult, then go and try this. You will be surprised. I believe it is made by professionals because everything is so much in order. You do not struggle so much to know how to use it.