Lance hunter forex
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This approach is very rare in the EA market and shows that the developer is committed to providing a degree of transparency. The website also contains an informative section on Lance Hunter himself, where he attempts to convince potential buyers by presenting his vision for this EA.
The EA places trades during this time and starts trading into mini trends. Whenever there is a strong down movement, the EA picks it up to profit from the rapid movement. The EA can alternatively work in a nice uptrend as well, with the ability to switch back if it wrongly suspects a downtrend is coming, still making a profit in the process.
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This is a pretty innovative trading approach even though we require more evidence to form an opinion about its effectiveness. Back-tests can reveal a lot about how an EA actually works when performing on historical forex data. It can help potential buyers make a well-informed decision before purchasing any EA. Unfortunately, in the case of Funnel Trader, no back-test is provided which is a let-down. It has almost become the norm for EAs to provide live trading statistics from one of their accounts in the current market. This helps dispel any rumours or doubts behind the legitimacy of the provider and the product itself.
Product Description
In this case, Funnel Trader has provided a live trading account, hosted on myfxbook. The above account registered a gain of While the other statistics are satisfactory, the high drawdown rate is indicative of risk. Save my name, email, and website in this browser for the next time I comment.
Strategy Backtests Back-tests can reveal a lot about how an EA actually works when performing on historical forex data. It's been great for longer than 4 months, it's a strong system for long term growth, look at the other account on our website, that one has been running even longer. Demo Account.
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Can you please tell us a bit more about how the profit target and stop loss settings work? Ie Does the system have a set profit target for each trade or are positions closed through a trailing stop? It's completely dynamic for stop loss, take profit, and trailing stops. It's not always the same and can vary depending on the trade, market, and any grouping of trades open. It's intelligent and this part alone makes the system even more successful.
Can you please tell us a little more about the indicators used by the system? Are they custom designed or just some of the standard MT4 ones? Thanks for your time in participating in the interview. We look forward to watching Fluid Trader's trading performance into the future.
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Brainyforex is currently testing this system as from 26 September on a IC Markets demo account as shown below. If it does well, it will be moved onto a real money account. If you want a copy of this system it is available on a yearly subscription basis and comes with a no questions asked 30 day money back guarantee. Buying through the brainyforex affiliate link will not cost you any more and will support our work of verifying who are the good guys and the bad guys in the forex trading industry.
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