FXShare EA is a forex trading software that prides itself in its ability to analyze price movements in real-time. It operates under the principle that fast price movements usually have a mean return. This means that a quick upward price movement is often followed by a quick downward movement. This review aims to dissect the workings of FXShare EA, its advantages, and if it fits into your forex strategy.
Price Movement Analysis: The Core of FXShare EA
The backbone of FXShare EA’s trading strategy is the analysis of price movements. The software continuously monitors the forex market, detecting specific movements and placing pending orders close to the price. This strategy ensures that stops are small, and a trailstop is used for taking profits.
Avoiding Common Forex Pitfalls
Unlike some forex trading software, FXShare EA avoids risky strategies such as martingale or lot size increase. Instead, it focuses on leveraging the mean return of price movements. This approach makes it a safer option for traders who wish to avoid high-risk strategies.
Optimal Trading Conditions for FXShare EA
While FXShare EA can operate under various market conditions, it performs best under specific circumstances. It recommends the use of low latency, small spread brokers for optimal results. Furthermore, the software is designed for the M1 timeframe and works best with EURUSD & GBP pairs.
Getting Started with FXShare EA
Before diving into live trading with FXShare EA, it’s advisable to first run the software on a demo account. This allows you to familiarize yourself with how the software operates and to assess if it aligns with your trading strategies and risk tolerance. As the saying goes, “practice makes perfect.”
Pricing and Availability
The initial price of FXShare EA is set at $100. However, the price is subject to increase after several sales. Therefore, potential users are encouraged to take advantage of the current lower price.
FAQ
What is the recommended timeframe for using FXShare EA?
The recommended timeframe for using FXShare EA is M1.
Which currency pairs does FXShare EA work best with?
FXShare EA works best with EURUSD & GBP pairs.
Can I test FXShare EA before purchasing?
Yes, it’s recommended to first put the advisor on a demo account before trading on a real account.
Independent testing of FXShare EA is available on the forexroboteasy.com website for further insight into the product’s performance. Users can also subscribe to updates on the results of these tests to stay informed about the software’s effectiveness.
As an independent product review, this article encourages users and potential users of FXShare EA to share their experiences and feedback. Your contribution will be invaluable to others considering this product for their forex trading strategies.
Write review