Forex trading has been revolutionized with the advent of artificial intelligence. An innovative software known as the Advisor with Artificial Intelligence (AI) has been developed to monitor and automatically trade on 17 currency pairs simultaneously. This AI-powered forex software is designed to optimize multicurrency trading with real-time monitoring of Forex news, trends, and technical indicators like Stochastic, RSI, and Heiken Ashi.
Features of the AI-Powered Forex Software
The AI-powered forex software is designed to be user-friendly and manageable for multicurrency trading. It is equipped with news and trend impact indicators that assess the potential influence of published news on various currency pairs. The software is capable of trading on currency pairs such as EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD, EURGBP, EURJPY, EURCAD, EURAUD, EURNZD, GBPJPY, GBPCAD, GBPAUD, GBPNZD, and the one the EA is attached to.
The software also comes with customizable breakeven, stop loss (SL), take profit (TP), and trailing stop settings. These features reduce the risk associated with forex trading and increase the potential for profitability.
Trading Strategies
The AI-powered forex software offers four trading strategies: trade by news impact, trade by actual news, trade by indicator signal, and trade by trend. The trade by news impact strategy trades based on the list of symbols in the right panel, taking into account the value of the parameter Min of the impact news level for trading. The trade by actual news strategy trades only at the time of the news publication, taking into account the assessment of its impact on the currency pair. The trade by indicator signal strategy trades according to the signal of the selected indicator (Stochastic, RSI, Heiken Ashi). The trade by trend strategy trades by trend indicator signal.
Operating Procedure
The AI-powered forex software operates on a default H1 timeframe setting. After attaching the EA to the chart, the advisor opens the symbols it needs in Market Watch. The user can then set up news filters based on the importance of the news (High, Medium, Low) and the time interval (Today, 4 days, Week). Once the Auto disable button is clicked, the software enables automatic trading and opens orders. The software also provides an option to manually open orders for a currency pair loaded on the main panel.
Testing and User Experience
Although the software cannot be launched in the strategy tester due to the news calendar not being loaded into it and the absence of group processing of symbols, it can be tested on a demo account in real time. Independent testing of the product can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.
Users are encouraged to share their experiences of using this AI-powered forex software. This feedback can provide valuable insights into the software’s performance and usability.
FAQs
What is the AI-powered forex software? The AI-powered forex software is a tool that uses artificial intelligence to monitor and automatically trade on 17 currency pairs simultaneously.
What are the features of the AI-powered forex software? The software is designed to be user-friendly and manageable for multicurrency trading. It monitors forex news and trends in real-time and has customizable breakeven, SL, TP, and trailing stop settings.
How does the software work? The software operates on a default H1 timeframe setting. After attaching the EA to the chart, the advisor opens the symbols it needs in Market Watch. The user can then set up news filters and enable automatic trading.
Where can I view independent testing of the product? You can view independent testing of the product on the forexroboteasy.com website.
Can I share my experience of using the AI-powered forex software? Yes, users are encouraged to share their experiences of using this AI-powered forex software.
This review provides an independent analysis of the AI-powered forex software. It is designed to assist potential users in understanding the software’s features, operating procedures, and trading strategies.
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