We collected questions what are you asking and we put them to this short FAQ.
Don’t worry, if you have any other questions, feel free to contact us with anything.
Frequently asked questions:
The foreign exchange market (forex, FX, or currency market) is a worldwide, decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over the US $3.98 trillion in April 2010 by the Bank for International Settlements.
Expert Advisors (EA) are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a significant amount of trading systems allowing them to work in different markets and under different conditions. EA is a robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.
Our Forex Robots can work with all Metatrader4 (MT4) forex trading platforms. MT4 can be found and downloaded from most brokers’ websites. It is free.
Yes, it is easy to use. Our Forex Robots are based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely , and the whole process is 100% automated.
Yes, it is too easy. Just a few steps and you will be ready to use Forex Robot. You can download a detailed installation guide from the download section in the member area. It will guide you through the setup process.
Your copy of Forex Robot will be activate once you make a purchase. You will receive download link a license key by email immediately after payment. You can use Forex Robot with an account at your broker – demo or real. There is not necessary to make new activations once you get a new account.
Yes, our Forex Robots can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to check your trades all the time.
Our EA will do it for you. It will monitor the trades, set stop-loss and take profit and open and closed positions automatically.
MetaTrader4 (MT4) is a free trading platform. You can download it from the official web sites of your broker. Here is the list of recommended brokers: ICMarkets, Admiral Markets, and Forex.com. You can find the list with info at Brokers section on this website.
First of all, you need a computer with a minimal hardware configuration and a stable internet connection. Second, you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge because our Forex Robot includes a detailed installation manual. And if you don’t want to have your pc online 24/5, install Forex Robot to any VPS with Windows.
You can use any broker that offers the Metatrader 4 trading platform.
You don’t need to trade yourself. Just turn on Forex Robot and let it to trade using your account to bring profit for you. Of course, you can trade manually as well. But we recommend that you use Forex Robot only to avoid any loss.
Yes, we offer free updates for our robot. Our programmers are improving the Forex Robot all the time and make it competitive on the market under actual market conditions.
If there are the right conditions for trade (buy or sell), the robot will take the necessary actions. If there are no excellent conditions, the robot will wait for the most suitable moment to open an order.
We know that money is the main question. We know well that many people don’t have much money to get started. Our robots are made to be able to trade with a minimum amount of money and have their money management which will trade lots, mini or micro lots depends on your free margin. The minimum amount depends on your brokerage company too. You can start to trade a small amount of $100-$1000. But don’t forget the fact that trading with a small amount may be a disadvantage because you will only be able to trade the market in small sizes. The recommended capital is $1,000-$5,000, of course, you can test it with Demo account first.
Yes, it is possible. Our Forex Robots will not touch any other trades.
Our software is designed to work on H1 and H4 time frames.
Yes, we provide customer support. Our support team is working every Monday through Friday for you. If you have any questions about our robots or our website, don’t hesitate to contact us.
Yes, you can use, but Forex Robot is designed to work on currency pairs EUR/USD, GBP/USD, USD/JPY on H1 and H4 charts (USD/JPY works on H4 chart only).
You should always test your Expert Adviser on a Demo account first to check if your broker is compatible with your current Expert Advisor! NEVER trade on Real account without testing on Demo first!
Of course, you can. You can use Forex Robot and switch between demo and live trading at any time you wish.
We recommend having a stable internet connection and computer hardware, working without interruptions 24 hours a day from the market opening on Monday to the market closing on Friday. Or you can always use VPS 🙂
You don’t need to do that. The market is closed on weekends, and the Forex Robot will not trade until Monday.
It will not affect the system as long as the internet connected back within a short period. Our Forex Robot automatically places stop loss and take profit for every single trade, so your whole account isn’t at risk. But of course, as we mentioned, you should maintain a stable internet connection.
You shouldn’t worry about that. The trades that are currently open will stay open until the power of the computer is back, no new trades will open at this time, and the system will resume regular trading as soon as the power is back. Just start your computer, open the Metatrader again and be sure that your Forex Robot Expert Advisor is turned on. It will continue trading. Our Forex Robot automatically places stop loss and take profit for every single trade, so your whole account isn’t at risk.
Definitely yes. We recommend to use any VPS with Windows, so your MetaTrader4 can work without any interruption. It’s always the best option to use VPS for automated Forex Trading with expert advisors.