When it comes to Forex trading, the right software can make a world of difference. The CHILL and DREAM Forex software stands out for its unique approach to trading during quiet night-time hours. This fully automated, open, and secure currency trading software operates on the primary trading pairs of GBPUSD, EURUSD, and EURGBP M5, with its default setting geared towards GBPUSD M5.
Trading Strategy and Order Types
The CHILL and DREAM Forex software employs a specific strategy that revolves around the use of Limit type pending orders. This technique not only offers the advantage of positive slippage, but it also enables immediate order placement on the brokerโs server. Unlike other trading systems, this software does not use Martingale or Grid strategies. Instead, it operates on the principle that each transaction requires a fixed protective Stop Loss and automated profit tracking.
Controlling Slippage and Spreads
This automated Forex trading software has advanced features to control the brokerโs slippage and spreads. It includes a large spread filter and a potent news filter, which add to its efficacy. The softwareโs operational algorithm automatically determines the time zone offset of your broker and adapts to it in real time.
Installation and Settings
For the CHILL and DREAM Forex software to function correctly, users will need two specific URLs. These are crucial to obtain your brokerโs time zone offset and to track news updates at night. As this software is fully automated, it consistently updates its settings to optimize performance. For practical advice on setting up and choosing a broker, users are encouraged to reach out to the software support team.
Independent Testing and Updates
Interested users can watch independent testing of the CHILL and DREAM Forex software on the forexroboteasy.com website. Furthermore, users also have the option to subscribe to updates on the testing results of this product, ensuring they are always in the loop about the softwareโs performance.
FAQ Section
Is CHILL and DREAM Forex software fully automated?
Yes, the CHILL and DREAM Forex software is fully automated. It uses the quiet night-time hours to trade on the main currency pairs.
What order type does it use?
The CHILL and DREAM software uses Limit type pending orders, enabling positive slippage and immediate order placement on the brokerโs server.
Does the software control the brokerโs slippage and spreads?
Yes, the software controls the brokerโs slippage and spreads and includes a large spread filter and a robust news filter.
How can I follow the independent testing of this product?
You can follow the independent testing of the CHILL and DREAM Forex software on the forexroboteasy.com website and subscribe to updates on the testing results.
We invite you to share your experience of using this product. Your insights will be invaluable to those considering this software for their Forex trading strategies. As always, this is an independent product review and is intended to provide unbiased information about the CHILL and DREAM Forex software.
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