Expert Advisor
Why do 90% of Forex traders lose? Traders are humans, and, like all humans, we suffer from greed. Like all humans, in crucial moments (or market conditions), we lack confidence, we have fear of what might happen, and most importantly, we are usually (90% of the time) inconsistent. Taking this into consideration, 90% of traders WILL LOSE MONEY IN FOREX. They will consistently give away their money to the other 10%.
This, together with the illusion of becoming millionaires overnight trading with some “guru’s” trading system from an ebook, is what keeps the Forex market a great business for Forex brokers and the so-called “gurus”. If you really understand this, then you can actually MAKE MONEY IN FOREX! How? The easiest way to do it is using a profitable expert advisor.
Expert Advisor (EA) is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades for you!
EA doesn’t have human reflexes, that’s precisely where the strength of EAs lie, it doesn’t have human emotions involved and strictly does what it’s programmed to do. We all know humans are prone to errors and tend to allow our greed and biases to drive us away from our strategies, EAs strip that away.
An EA robot will watch the market for you, placing trades under certain parameters (strategies), avoiding the fear, greed, lack of confidence and inconsistency which characterizes most traders.
For FapTurbo, it has two powerful strategies:
The Expert Advisor has a plan. It sticks to it no matter what, no matter how ugly or uncertain the market looks. It has no greed and will be running 24 hours a day for you.
Expert Advisors can only work when the connection to the Internet (in Metatrader4) is established. You must always keep your Metatrader4 online and working to let the advisors trade. If you close Metatrader4, advisors can’t monitor the trades and that could cause you possible losses of deposit.
Hence, it is recommended to run your EA Metatrader on VPS Hosting.