Companion

The field of Forex trading is filled with numerous tools and strategies, designed to increase the chances of success. However, discipline remains a critical element, often overlooked by traders, especially when it comes to management of lot sizes and stop losses. This is where a tool like the Companion Forex Software comes into play.

Automated Stop Loss Insertion

This Forex Trading Software is an expert advisor for MT4 designed to enforce discipline in your trading. It does this by automatically inserting a stop loss after a specified time from the opening of a position. This feature is invaluable for those trades where you may have forgotten to apply the discipline of setting a stop loss.

Trade Break-Even Automation

Another aspect of trading discipline is the ability to bring a trade to a break-even point. The Companion Forex Software does this automatically after a movement of a specified number of pips, or based on a VWAP or other chosen indicator. This functionality allows the software to lessen the risk and potentially increase the profitability of your trades.

Customizable Partial Closures

The software also offers up to two customizable partial closures after a specified number of pips. The ability to personalize these closures means you can adapt the software to your specific Forex Trading Strategies, further optimizing the risk-reward ratio of each operation.

It’s important to note that the Companion Forex Software does not execute trades automatically. It functions to ensure adherence to the parameters of your chosen strategy, thereby preventing unnecessary depletion of your trading account.

24/7 Operation and User-Friendly Settings

With the capacity to function 24/7 via VPS, the Companion Forex Software is a steadfast ally in enforcing trading discipline. Its settings panel is straightforward and intuitive, making it accessible to both novice and seasoned traders alike.

Performance in Real-Life Trading Challenges

The Companion Forex Software has proved its worth in real-life trading challenges. For instance, it was used during a challenge with The5%ers, where it was required to insert a stop loss within two minutes from the opening of a position. The software performed admirably, demonstrating its value in maintaining trading discipline under pressure.

Independent Testing and Reviews

For those interested in seeing the Companion Forex Software in action, independent testing of this product is available at forexroboteasy.com. You can also subscribe to updates on the results of these tests to keep up-to-date with the software’s performance. We encourage users to share their experiences with the product to provide a comprehensive and unbiased Forex Software Review.

FAQs

What is the Companion Forex Software?

This software is an expert advisor for MT4 that helps enforce trading discipline by automatically inserting stop losses, automating trades to break-even, and offering customizable partial closures.

Does the software execute trades automatically?

No, the software does not execute trades automatically. It works to ensure you stick to the parameters of your strategy, helping to optimize the risk-reward ratio of each operation.

Where can I see the software in action?

Independent testing of the Companion Forex Software is available on the forexroboteasy.com website.

This is an independent product review and any information provided is based on the software’s specifications and testing results. It’s recommended that users confirm these details with the software provider before making any investment decisions.