- May 3, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Virtual Trade Robot Review
Foreign Exchange (Forex) trading is one of the most liquid markets in the world, with a daily trading volume of over $6 trillion. It is a global market where traders buy and sell different currencies to make a profit. Forex trading involves high risk, and traders are always on the lookout for new strategies and tools that can help them make better decisions and manage risk effectively.
One such tool is the Forex Virtual Trade Robot, an expert advisor that uses virtual trade in determining position entry and does not use indicators. It is a highly efficient tool that does not require complicated settings because users just need to upload the already available setfile. Currently, there are setfiles for more than 20 fx pairs and 2 setfiles for GOLD and SILVER.
Best Brokers List :
The Forex Virtual Trade Robot with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2007||Sydney, Australia||1:1000||$200||ASIC, SCB, FSA|
|Register||2010||Melbourne, Australia||1:500||$200||FCA , ASIC, DFSA|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Forex Virtual Trade Robot Settings
Features of Forex Virtual Trade Robot
The Forex Virtual Trade Robot comes with several features that make it an efficient and reliable tool for Forex traders. Some of these features include:
Martingale: This feature allows traders to double their position size after each loss to recover their losses quickly.
Grid: This feature places orders at regular intervals and can be used to take advantage of ranging markets.
Virtual Stoploss & Takeprofit: This feature allows traders to set stop loss and take profit levels to limit their risk and maximize their profits.
Trailing: This feature adjusts stop loss levels to lock in profits as the market moves in the trader’s favor.
Close Partial: This feature allows traders to close part of their position when they reach a certain profit level.
News Filter: This feature blocks the expert advisor from opening positions when there is high-impact news, reducing the risk of losses.
Money Management: This feature helps traders manage their risk effectively by setting a maximum percentage of their account that they are willing to risk on each trade.
Virtual Trade: This feature allows traders to test their strategies without risking real money by using a virtual account.
Smart Multi Symbol Control: This feature controls all charts that can control open positions, reducing the risk of losses.
Holiday Control: This feature allows traders to avoid trading during holidays when liquidity is low.
Virtual Pending Order: This feature allows traders to set pending orders to enter the market at a specific price.
Time Control: This feature allows traders to set the time when they want the expert advisor to start trading.
Forex Virtual Trade Robot has been backtested for the periods of 2015-2023 and 2010-2023 to ensure that the set files used have been trained long enough to deal with various market conditions. It is important to note that live trade results will be very different from the backtest because there are several features that don’t work during the backtest, such as:
- The expert advisor is designed to work based on virtual trade using global variables, and global variable will only work during live trades.
- Smart Multi Symbol Control (SMSC) which will control all charts that can control open positions where this feature only works on live trades.
- News filter also only works in live trade, this feature will block expert advisor from opening positions when there is high-impact news.
To use the Forex Virtual Trade Robot, traders will need a VPS with a good internet connection. The expert advisor works with any broker and requires a minimum deposit of $500 for high-risk trading and $2000 for medium-risk trading. It is recommended to use a standard account with a leverage of 1:500.
To get the latest setfile, traders can contact the creator of the expert advisor. The expert advisor works with several timeframes, including M15, M30, and H1. The setfiles are available for more than 20 fx pairs and 2 setfiles for GOLD and SILVER.
The Forex virtual trade Robot is a powerful tool for traders who want to automate their forex trading strategy. It uses virtual trade in determining position entry and does not use indicators, making it a unique approach to trading. With more than 20 setfiles for different currency pairs and gold and silver, users can select the one that best suits their trading preferences.
Forex Virtual Trade Robot Free Download
We highly recommend trying The Forex Virtual Trade Robot with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.