The Forex market is known for its volatility, presenting several opportunities for traders. However, the constant price fluctuations demand traders to monitor the market continuously, which can be quite challenging. This is where automated trading tools like ‘Price Move Robot’ come into play.
Key Features of Price Move Robot
Price Move Robot is an automated Forex trading software with a unique approach to managing trades. It focuses on tracking each price movement meticulously. The robot is designed to set a stop loss and a take profit, along with a trailing stop, making it an ideal solution for Prop Firms. It even has the option to set a certain number of stop losses, for example, a 5% loss limit on each transaction.
How Does the Price Move Robot Work?
The robot is powered by an indicator that follows the price and the Relative Strength Index (RSI) indicator over a period of 14 to level 30. The RSI indicator is a popular tool among traders for identifying overbought or oversold conditions in the Forex market. The robot’s ability to follow this indicator means it can respond to changes in market conditions quickly and efficiently.
Recommended Trading Conditions
For the optimal performance of the Price Move Robot, certain trading conditions are recommended. It is most suitable for trading currency pairs such as US30 and GOLD. It works best in the H1 period with a minimum deposit of 1000 dollars. The account types suitable for this robot are Prop Firm or own account (ECN, Standard, Pro). It is compatible with all types of brokers.
FIFO Function and Other Specifications
In the updated version of the Price Move Robot, a FIFO (First In, First Out) function has been added. This function is essential for traders who need to comply with the NFA’s FIFO rule, which requires that the first position that you open is the first one you have to close. It is also recommended to use a VPS for a smooth and uninterrupted trading operation.
FAQs about Price Move Robot
How to test the Price Move Robot before making a purchase?
Before purchasing, it’s recommended to test the product first. The set file for testing can be found in the comment section of the product page.
Where can independent testing of this product be watched?
Users can watch independent testing of this product on the forexroboteasy.com website and also subscribe to updates on the results of testing this product.
We invite readers to share their experiences using this product. Your feedback can help others make an informed decision. Please note that this is an independent product review, and all information provided is based on the product’s description and testing.
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