The IG Client Sentiment EA has been designed as a unique tool for Forex trading, providing in-depth market analysis and helping traders craft effective trading strategies. This article will delve into the softwareโs specifics, performance, and overall utility to traders.
An Overview of IG Client Sentiment EA
IG Client Sentiment EA is a Forex software that leverages sentiment data from the IG report on DailyFX to make informed trading decisions. It updates the sentiment report every 15 minutes and uses the net sentiment to guide its trading decisions. The software measures net sentiment using the formula: CHANGE IN LONGS โ CHANGE IN SHORTS. This net sentiment is then tracked over time, with the software opening a buy position if the sentiment shifts from negative to positive, and vice versa.
Unique Trading Mechanism
The trading software employs a combination of position sizing and averaging to identify profitable exits. This means it does not just rely on the sentiment change, but also how the market positions are being adjusted, thereby providing a more nuanced approach to trading.
Multi-Currency Access
Once the IG Client Sentiment EA is installed on a single chart, it gains access to all the currencies listed in the sentiment report. This allows it to trade multiple currencies simultaneously, offering users a diversified trading portfolio without the need for multiple installations.
A Forward-Facing Application
Due to the softwareโs unique nature and its reliance on live sentiment data, it is not possible to back-test its performance. However, it is possible to observe its efficacy in real-time by watching independent testing of this product on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product.
User Contribution
IG Client Sentiment EA encourages users to contribute their ideas for similar sites that can be used as trading signals. If any userโs idea is successfully developed, they may receive a free copy of the EA. Users are also invited to share their own experiences with the product, fostering a community of knowledge and shared learning.
FAQs
What is the IG Client Sentiment EA?
IG Client Sentiment EA is a Forex trading software that uses sentiment data from the IG report on DailyFX to guide its trading decisions.
How does the software determine trading positions?
The software measures net sentiment using the formula: CHANGE IN LONGS โ CHANGE IN SHORTS. It opens a buy position if the sentiment shifts from negative to positive, and a sell position if the sentiment shifts from positive to negative.
Can this software be back-tested?
No, due to its reliance on live sentiment data, it is not possible to back-test the software. However, you can observe its real-time performance by watching independent tests on the forexroboteasy.com website.
Can users contribute to the softwareโs development?
Yes, users are encouraged to contribute their ideas for similar sites that can be used as trading signals. If any userโs idea is successfully developed, they may receive a free copy of the EA.
In conclusion, the IG Client Sentiment EA offers a unique approach to Forex trading, making it a potential game-changer for traders. Its comprehensive market analysis and effective trading strategies make it a noteworthy tool in the Forex trading landscape. This independent review offers a professional and neutral assessment of the product, without any bias or affiliation to the product developers.
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