- February 24, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
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SPX500 Index Auto Trading, this fully automated trading advisor uses a proprietary trading strategy to trade the SPX500 Index.
Today, over 60% of trading activities with different assets (such as stocks, index futures, commodities) are automated, instead relying on human traders.
What are the reasons why traders pay attention to S&P 500?
Stockmarket index S&P 500, also known as Standard & Poor's 500, measuresthe performance of the top 500 companies in the U.S.
A measure of the US economy, the S&P 500 index - and the Dow Jones Industrial Average (DJIA) - contain assets of approximately $2.2 trillion. So i's a great opportunity to catch money from this market.
Using price action principles, the system determines the optimal points for opening trades without relying on technical indicators.
BothIndicesaretradedusingtwo key principles: Indices, like other stock assets, tend to grow, and a decrease in their value is considered a correction.
As corrections in value occur, the system monitors them, and in case of a global uptrend, opens Long positions.
In fact, the SPX500 Index Auto Trading is a long term investment strategy, not an intraday one. Since indices are not highly volatile instruments, the number of trades isn't very high - about one to two per day . At the same time, periods of stagnation are possible.
Index Trader Suite is suitable for hedging Forex strategies as well as the stock market. Index Trader Suite should be used in conjunction with other trading advisors in the portfolio.
All trades have a fixed Take Profit and Stop Loss size, as well as a Trailing Stop to safeguard profits. The minimum recommended deposit for EA is $1000.