The prophet1 forex expert advisor is one of the many forex expert advisors in the forex market. It has gotten some pretty notable attention, and the forex community cannot help but wonder why it is so. Before we go into the features of the prophet1 forex expert advisor, let us take some time to explain why there are a lot of EAs in the forex market, and how traders should approach this matter.
New forex EAs keep springing out every day in the forex market, probably because it is easy for anyone to create an EA using the metatrader platform. That should be the foremost reason why a lot of them keep appearing every day. Traders should note that most of these EAs are not for them to trade with. Proper research needs to be carried out before trading with the EA.
Another reason why there are many forex EA is that forex is kind of a personal thing in a sense. Just like the saying goes, there are many ways to kill a rat. There may be two different EAs with different approach towards a particular issue. This does not mean that the two of them cannot be relied on if they are good enough; it simply means that they were created by different traders with different ideology on how to tackle a particular trade issue.
SPECIAL AND BASIC FEATURES OF THE PROPHET1 FOREX EXPERT ADVISOR
1. IT IS A FULLY AUTOMATED SOFTWARE COMPATIBLE WITH THE MT4 PLATFORM:
The MT4 trading platform is like the most common among forex traders. So, most traders that wish to try out the prophet1 forex expert advisor can easily try the out on their MT4 platform.
2. IT CALIMES TO BE 90.11% PROFITABLE:
From the reviews by some traders that have used the prophet1 forex expert advisor and the creators, the software has the capacity to make over 90% profits in all trades. This is a bold claim, and if it is true, then it might be special after all. Traders have to use it as directed though, and also with a grounded knowledge of its functionality in trading the forex market before it can consistently produce such profits.
3. IT IS NOT FOR EVERY COMMODITY:
Another special feature of the prophet1 forex expert advisor is that it is designed for the GBP/USD currency pair in a four hour chart. Application of this EA on other commodities may not bring the anticipated results.
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.