BuySellTrader

2023 Forex Markets Advanced Trading Strategies Automated Trading Software BuySellTrader Review Forex Trading Software Forex Trading Tools Martingale Strategy

Download BuySellTrader.ex5

Type:

Live

Leverage:

100

Deposit:

1344$

Balance:

1335.46$

Profit:

-8.54$

Withdrawal:

User:

Update: 8 Nov 2024

Profit:

-8.54$

Traders:

(39/21)

Most Profit Trade:

27.42$

Most Loss Trade:

-29.43$

Profit Factor:

0.65

Average Loss:

-13.72$

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Overview

In the dynamic world of forex trading, automated trading software has become an indispensable tool for traders. This review focuses on the BuySellTrader, a Forex trading software that employs an optimized version of the Martingale strategy. This software, referred to as an Expert Advisor, has been tested on the EURUSD H4 using default settings.

Key Features of BuySellTrader

The BuySellTrader stands out for its features that allow traders to manage their trades with precision and control. It enables the opening of both buy and sell orders, offering more versatility in trading strategies. The software also provides a function called InpLotExp, which is a lots multiplier for averaging down an open order.

Another significant feature is InpLots, which determines the initial lots based on InpDollarPerLots. If required, traders can limit the maximum lots under InpLotExp using the InpMaxLots feature. This is also determined by the InpDollarPerLots.

Profit and Loss Management

The BuySellTrader software comes equipped with a feature called InpTakeProfit, allowing traders to set their profit targets in points. It also offers an InpPipStep function, which sets the minimum distance for opening an averaging down an open order.

Furthermore, the software has an InpMaxTrades function that sets the maximum number of averaging down an open order, ensuring that traders can effectively manage their risk exposure. The InpMinTimeTradeStep feature sets the minimum time distance between orders when averaging down.

Compounding and Spread Control

One of the standout features of the BuySellTrader software is the InpEnableCompounding function. This feature, when activated, applies the InpDollarPerLots which increases the lots by 0.01 per InpDollarPerLots gain based on the initial and current balance.

The software also offers a spread control mechanism through the InpSpread feature. This function sets the maximum spread allowed before opening an order. If it is set to -1, the software does not check the spread before initiating a trade.

Independent Testing and Review

Independent testing of the BuySellTrader software is available on the forexroboteasy.com website. Traders can subscribe to updates on the results of testing this product to get a first-hand experience of its performance and make informed decisions. We invite users and readers to share their experiences using this software to help others gain insights.

FAQ

What is the Martingale Strategy?

The Martingale strategy is a system of increasing the amount of an investment to cover previous losses. It’s commonly used in betting and trading to ensure a profit eventually.

What is automated forex trading software?

Automated forex trading software is a program that automates trading decisions. It can execute trades based on pre-set parameters or strategies, taking human emotions out of the trading equation.

What is an Expert Advisor?

An Expert Advisor (EA) is a software program that automates trading decisions in the forex market. It is designed to remove the psychological element of trading, which can be detrimental to investment success.

This review is independent, and the opinions expressed are solely those of the reviewer. It does not represent the views of the creators or marketers of the BuySellTrader software.