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Forex trading has been revolutionized by the advent of advanced software solutions, and one such tool that is making waves in the market is the Gainer Forex Software. This article provides a comprehensive review of this mean reversion range Expert Advisor (EA) that is designed for both major and cross-currency pairs.
Optimal EA for Major Pairs
The Gainer Forex Software is an EA that has been optimized for major currency pairs including EURGBP, EURUSD, USDJPY, GBPUSD, AUDUSD, AUDJPY, EURJPY, and USDCAD. This means that the software is specifically designed to perform best with these pairs, providing traders with the optimal trading environment.
Timeframe and Broker Timezone Settings
One of the key features of the Gainer Forex Software is its specific timeframe setting. The EA should be set on M15 as trade signals are checked on this timeframe only. The software may skip some deals if the chart timeframe is higher than M15.
Furthermore, the software is designed to adjust to broker timezone settings. The ‘Winter UTC offset, hours’ is the winter offset, while the ‘Winter/summer changes schedule’ is the schedule of server DST shift. It is UTC 2/ 3 winter/summer by default and is valid for most brokers. Once set, there is no need to recheck it twice a year, as the EA will handle everything correctly.
Control Over Risk Settings and Spread
The Gainer Forex Software offers traders control over their risk settings. The volume is set with inputs ‘Money management’, ‘Value for Money management’, and it can be fixed lot, fixed risk per trade, or fixed volume per 1000 equity. The maximum simultaneous trades allowed can be set, which allows traders to limit their risk explicitly.
Additionally, the software features a ‘Spread control’ option. If ‘Enable spread control’ is on, the EA will not trade if the current spread exceeds the ‘Max allowed spread’ value. This feature allows traders to avoid trading on untested market conditions with huge spreads.
Stops, Targets, and Breakeven
The software also allows traders to set their stop-loss and take-profit values. These values can be set in pips or percents of the current price. Additionally, the ‘Enable breakeven’ feature allows traders to secure a certain profit once a specific profit trigger is reached.
Backtesting and Support
Backtesting can be done with the ‘Open prices only’ mode, which is faster than ‘Every tick’ with essentially the same results. However, it’s important to note that neither tester nor live performance in the past ensures future results.
For any questions on the EA’s work, installation, and settings, users can send a personal message for support. This ensures that traders have the necessary assistance when navigating the software.
Where can I find independent testing of the Gainer Forex Software?
Independent testing of this product can be found on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.
Can I share my experience of using this product?
Yes, users are encouraged to share their experiences of using the Gainer Forex Software. This can provide valuable insights to other traders considering this tool.
Is this an independent product review?
Yes, this is an independent product review. The Gainer Forex Software is not affiliated with this review, and the text is written in the third person to maintain objectivity.
In conclusion, the Gainer Forex Software offers a range of features that can significantly enhance the trading experience. With its optimal EA for major pairs, specific timeframe and broker timezone settings, control over risk settings and spread, and comprehensive support, it is a tool worth considering for any serious forex trader.
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