What is an Expert Advisor?
Our MT4 trading platform allows you to reduce the stress of trading,by making use of Expert Advisors (EAs) to trade on your behalf.
EA’s are trading robots, capable of trading 24/5, that can open and close trades on your behalf responding to market indicators. Simply put they make trading decisions on your behalf using set algorithms, without any intervention from you.
Is an Expert Advisor right for me?
EA’s can be suitable for traders of all levels, especially those just starting out in Forex Trading. It’s important that you understand that although an EA can be useful to help you monitor the market and react 24/5, they still need to be monitored and activity adjusted for changing market conditions.
We’ve partnered with iForexrobot to offer Formax clients free access to their already developed Expert Advisors. You can either download the software and start using them straight away through your Formax Trading account, or test a free 30-day trial to see if the EA selected behaves according to your risk parameters.
The information and analysis provided here has been produced by 3rd-party owned and operated solutions and Formax Prime Capital does not represent that this material is accurate, current, or complete and it should not be relied upon as such. The material is general in nature and has been prepared for informational purposes only without regard to any individual’s investment objectives, financial solution, or means. The Information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy. Readers should seek independent financial advice before considering investing in these products and services.
Readers are advised that Historical Performance is no indication of future returns. Readers should also be mindful that as with all technology applications there are inherent weaknesses and that the operating system is dependent on stable telecommunication networks amongst other things. Trading over the internet using these tools may be disrupted resulting in unanticipated losses that may be in excess of client account balances and Formax Prime Capital accepts no responsibility or liability for the operation of the services, damage to computer or computer systems or settings, loss of data, revenue or profits which users may occur from their use.