As the Forex market continues to evolve, the demand for efficient and reliable trading tools becomes more apparent. One such tool that has caught the attention of traders is Kraken MT4, a remarkable trade cloning utility designed to streamline Forex trading processes. This article presents an in-depth review of this valuable tool.
Trade Cloning Utility: An Overview
Kraken MT4 is designed to duplicate trades on your trading account. In essence, it opens an extra deal based on your configured parameters. This trade cloning utility is compatible with both โWindows PCโ and โWindows VPSโ, making it a versatile tool for different trading setups.
Detailed Customization of Trades
One of the productโs notable features is the ability to modify trade parameters. It allows you to increase or decrease the lot, add a lot, and alter the parameters of stoploss and takeprofit. You have complete control over how your trades are cloned, providing a level of customization that caters to your specific trading strategy.
Unique Features and Parameters
Kraken MT4 introduces some unique parameters to enhance your trading experience. The โCLONE_POSITIONSโ function lets you select which orders to clone, while the โMAGIC_NUMBERโ serves as a unique identifier for the cloned trades. Also, the โDONT_REPEAT_TRADEโ feature ensures that the same trades will not be cloned again if set to true, preventing unnecessary repetitions.
Special Offer: Buy One, Get One
Kraken MT4 comes with an exciting offer where purchasing a cloner entitles you to another version for free. This deal doubles the value of your investment, providing another layer of convenience for your trading operations.
Octopus MT4: A Reliable Trading Robot
In addition to the trade cloning utility, Kraken also offers Octopus MT4, a multicurrency trading robot suitable for both beginners and experienced traders. It requires minimal configuration and operates on one currency pair, such as EURUSD. This bot is designed for continuous operation without the need for constant optimization, demonstrating its reliability and efficiency.
FAQ Section
Q: Does Kraken MT4 require a VPS server?
No, Kraken MT4 is designed to work on both โWindows PCโ and โWindows VPSโ. It does not necessarily require a VPS server.
Q: Can I control which trades to clone?
Yes, the โCLONE_POSITIONSโ function allows you to select which orders to clone, providing you with complete control over your trades.
Q: Is there a way to prevent cloning the same trades?
Yes, by setting the โDONT_REPEAT_TRADEโ function to true, the same trades will not be cloned again, preventing unnecessary repetitions.
Independent testing of Kraken MT4 can be viewed at forexroboteasy.com. Users can also subscribe to updates on the testing results of this product. We encourage traders to share their experiences of using Kraken MT4 to provide a broader perspective on its performance and efficiency. Please note that this is an independent product review, and the analysis provided is based on the features and performance of the product itself.
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