Developed for the Forex market, Magic Triangles offers a unique approach to Forex Trading Software. This advanced tool is designed to handle simultaneous trading on three symbols, maximizing the potential for profits in the volatile currency market.
How Does Magic Triangles Work?
At the core of Magic Triangles is a tick Expert Advisor, which applies the principle of triangulation to select symbols. The tool bases its selection on the formula SYMBOL_1=SYMBOL_2/SYMBOL_3. For instance, in a scenario where the symbols are EURUSD, EURJPY, and USDJPY, the relationship would be EURUSD = EURJPY/USDJPY. This approach allows Magic Triangles to cover a wide range of financial instruments combinations, including but not limited to EURUSD/EURJPY/USDJPY and EURGBP/EURUSD/GBPUSD.
Customization and Risk Management
One of the standout features of Magic Triangles is its high level of customization. Users have the ability to specify the first, second, and third financial instruments for trading. It also provides the option to set the number of pips for the violation of triangulation, thus leveraging the Forex Strategies to exploit minute differences in the currency exchange rates.
Apart from that, the software has a built-in risk management system. Users can set the risk level, which is directly associated with the volume for opening positions. Furthermore, it offers two types of lot – fixed and percentage of free margin, with microlots and minilots as available lot values.
Control and Notifications
Magic Triangles also puts a strong emphasis on control and notifications. It comes with features for process synchronization, connection control, and latency control to a trade server. Both connection and latency control can be turned on or off based on user preferences. In case of disconnections with a trade server, the software can send e-mail or push notifications to the users.
Additionally, Magic Triangles supports regular reporting. Users have the option to print basic and special reports about their trading activities. The language of log messages and alerts can be set to English or Russian, depending on the user’s preference.
Trading Schedule
Magic Triangles offers flexibility in setting the trading schedule. Users can choose to trade on Mondays, Saturdays, and Sundays. The operation start and end times for each day, as well as the daily operation start and end times except for Saturdays and Sundays, can be customized as per user preferences. This feature allows traders to plan their trading activities around their personal schedules.
FAQ
Q: Where can I find independent testing of Magic Triangles? A: Independent testing results for Magic Triangles are available on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product on the same website.
Q: Can I share my experience of using Magic Triangles? A: Yes, we highly encourage users to share their experiences and feedback about using Magic Triangles. This helps us in our effort to provide an independent and comprehensive review of the product.
Q: Is this an official product review? A: No, this is an independent product review. We provide unbiased information to help potential users make informed decisions.
Overall, Magic Triangles is an impressive Forex Trading Software that offers a unique approach to trading in the Forex market. Its advanced features, coupled with its high level of customization and control, make it a viable tool for both novice and experienced traders.
Write review