The Collector

The forex market, being one of the most unpredictable markets globally, has perpetually presented a challenge for traders and investors. Various forex trading tools, such as Expert Advisors (EAs), have emerged over the years to mitigate this challenge. One such tool is The Collector, a semi-fully automated EA. This software is designed to act as a pips collector, capturing profits under any order conditions.

The Functionality of The Collector

Named aptly, The Collector functions as your representative in the forex market, running as a pips collector. It is designed to collect profits under varying order conditions. This functionality allows it to operate in conjunction with other EAs to open orders as per user preference or using the logic provided by The Collector itself. Essentially, this software has two order types: the main logic and the support logic.

The main logic takes the lead, hunting the forex market first. Depending on the setup or market conditions, it may or may not be followed by several supporters. The Collector can function as GRID-like, Sniper, Scalper, Trend Follower, etc., with or without Stop Loss (SL) depending on your setting.

Key Features of The Collector

The Collector offers a wide range of features, including multi-strategy enter and exit, multi-timeframe trading on a single chart, and a variety of protection features. This forex software provides a spread filter, market trend filter, total lots limit, loss reduction system, account balance protection, and volatile market protection. These features are designed to protect your account from unexpected market fluctuations.

One of the significant advantages of The Collector is its versatility. With numerous parameters settings, there are tons of possible combination settings that could produce different trading styles. Users can fine-tune these settings to find the best fit for any market condition of each currency pairs. However, it’s important to note that testing is crucial for better understanding the EA’s behavior when each single parameter changed.

Forex Risk Analysis: The Collector

As with all forex software, using The Collector comes with its risks. The forex market’s inherent unpredictability means that historical backtesting cannot guarantee excellent results in forward trading. Therefore, users should be cautious about using this EA with large funding amounts that they cannot afford to lose.

Forex Trading Results: The Collector

Results of The Collector in live trading scenarios can be observed on the forexroboteasy.com website. Users are also encouraged to subscribe to updates on the testing results of this product. Sharing experiences and insights on the use of The Collector can provide a broader perspective and foster a communal learning environment for all users.

FAQ

What is the minimum initial balance recommended for using The Collector?
For a CENT account, a minimum balance of 100 USD is suggested. However, this is not recommended as its profit would not surpass the VPS cost. For a STANDARD account, a minimum of 5000 USD is suggested, but more than 10000 USD is recommended.

What type of broker is recommended for The Collector?
An STP/ECN broker with low spread and fast execution is recommended. The average spread should be around 1.0-2.0 pips or lower for more stable profit.

Is it necessary to use a Virtual Private Server (VPS) with The Collector?
Yes, a VPS is a must when using The Collector.

What is the recommended currency pair for The Collector?
The recommended pair is EURUSD, but it’s not limited to this pair alone. One setting does not fit for all.

In conclusion, The Collector is a unique addition to the range of forex trading tools available in the market. This forex software, with its multi-strategy and multi-protection features, offers users a versatile tool to navigate the unpredictable forex market. However, as with all trading tools, it is crucial to understand the inherent risks and ensure that any financial commitment aligns with one’s risk tolerance.