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Type:
Live
Leverage:
100
Deposit:
1801.2$
Balance:
790.54$
Profit:
-1010.66$
Withdrawal:
0$
Update: 16 Feb 2024
All time Year 6 months 3 months 1 month
Profit:
-1010.66$
Traders:
973
(645/328)
Most Profit Trade:
17.73$
Most Loss Trade:
-33.22$
Profit Factor:
0.58
Average Loss:
-11.34$

Overview

The British Fakeout Expert Advisor (EA) is a unique Forex trading strategy specifically tailored for the GBPUSD currency pair. The primary goal of this strategy is to identify and profit from fake movements within the Forex market. This is achieved by opening multiple positions, also known as lots, which can be adjusted based on the user’s preference.

Understanding the British Fakeout Method

The British Fakeout method works by either Fixed, Martingale or Equity Based Lot calculation, offering flexibility for traders with diverse risk tolerance levels. This trading strategy also includes the GRID DISTANCE option, which allows users to determine the distance between the opened lots. While this strategy has been optimized for the GBPUSD pair on the 4-hour time frame, it can also be applicable on different time frames and currencies.

Forex Profit Strategies: The Role of Leverage

In Forex trading, leverage is a double-edged sword – it can both amplify profits and exacerbate losses. The British Fakeout EA offers various leverage recommendations. For instance, for a $1000 investment, it suggests a fixed lot size of 0.02. For accounts with 50x, 100x, and 200x leverage, it recommends equity lots of 200, 100, and 50 respectively. However, these are merely suggestions and users have the freedom to alter these settings to match their risk tolerance.

GBPUSD Analysis: Identifying Fake Movements

In the Forex market, fake movements are essentially market noise that can often lead to misleading signals. The British Fakeout method’s primary function is to identify these movements and exploit them for profit. This unique approach sets it apart from many other Forex trading strategies, making it an intriguing option for traders seeking to diversify their trading strategies.

Forex Market Trends and Currency Trading Tips

While the British Fakeout EA is a powerful tool, it should be used in conjunction with a comprehensive understanding of Forex market trends and trading best practices. Proper risk management, for instance, is crucial to ensure sustainable trading. Moreover, staying updated with the latest economic news and market developments can significantly enhance the effectiveness of any Forex trading strategy.

FAQ

Can the British Fakeout EA be used on other currency pairs?

Yes, while the strategy is optimized for the GBPUSD pair, it can also be tested on other currency pairs.

Is there an option to adjust the risk settings in the British Fakeout EA?

Yes, users can adjust their risk settings to match their personal risk tolerance.

What is the recommended time frame for using the British Fakeout EA?

The recommended time frame is 4 hours, but it can be tested on other time frames as well.

For individuals interested in this product, independent testing results can be found on the forexroboteasy.com website. Subscriptions for updates on testing results are also available. If you have personal experiences using the British Fakeout EA, feel free to share your insights. Please note, this article is an independent product review and does not endorse or promote any specific product.

British Fakeout
Update: 16 Feb 2024
Trading Conditions by British Fakeout
Leverage:
100
Account type:
Live
Profitable by British Fakeout
Profit:
-56.11%
AVG Daily:
0$
Deposit:
1801.2$
WithDrawal:
0$
Current Balance:
790.54$
Profit:
-1010.66$
British Fakeout Review: Profit from GBPUSD Fake Movements

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