Forex expert advisers have become common ever since new developers started getting into making the foreign exchange by implementing new trading ways. Forex hacked robot is one such automated trader that is available in Pro and regular versions.
While the auto robot works well with most currency pairs, it is particularly effective for GBP/USD pair. Also, both the versions come with optimized settings for different currency pairs, saving traders the inconvenience of changing parameters every time they switch markets.
How hack Forex robot works?
This system uses a grid strategy to make profits for traders. An easy example of understanding would be:
An investor using Forex hacked robot will see the trading bot open multiple buy and sell orders on different grids. The grid size, however, depends on the trading volume. So, the robot might set buy orders in an interval of a few pips and sell orders in the same fashion.
Price movement will then activate most of the orders and hit their take profit while the inactivated ones can be closed by the trader.
However, the Pro version makes things even better. In combination with grids, it adds a bit of scalping; plus, it has its unique strategies based on complex mathematical algorithms embedded by the developer. All of this combines to form the best possible results for new and veteran traders making them profitable swiftly.
Results Traders Should Expect
Many expert reviews have stated that the auto robot works best when set at maximum risk. However, there will still be a loss percentage for traders. To do away with that, traders can try pyramiding money management and remain profitable even in the face of adversity.
What is pyramiding money management?
In this system, when traders use an EA on maximum risk settings and make a profit, they turn the profit into capital for their next trades. Here’s how:
Suppose while using hack Forex robot on max risk settings, you make a profit of $50. Now your balance has gone up to $150 from your initial balance of $100. For the next trades on the auto trader, you can go for $20-30. This way, even if you hit losses, you will still have a profit, well over your initial balance. In case you make profits again, you can keep on with this hedging technique and pyramid a larger initial balance of say $200.
This is one of the best case scenarios, but things might not work that way. You might make losses with your initial pyramiding money management also. In that case, you can recover the losses through the aggressive martingale’s principle.
Even though it is high risk, one win is all it takes to recover all your losses. It dictates traders to invest 2.5 times their previous losing amount. Suppose, you put $10 dollars to trade and hit loss, the next trade should go for $25. If you make a gain, you will have recovered losses of your previous trade and made profit.
Although, a fair heads up to people using Forex hacked robot; foreign exchange is a risk-based market, and one should invest money only after scrutinization through demo accounts.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.