Frequently Asked Questions

  What is Forex?

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements

  What is EA (Expert Advisor)?

Expert Advisors (EA) are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQL4 language. It can work on the Metatrader 4 trading platform.

  What type of trading software should I use to work with Forex Trend Detector?

Forex Trend Detector can work with all Metatrader4 (MT4) forex trading platforms. MT4 can be found and downloaded from most brokers' websites. It is free.

  I have no experience with Forex Robots. Is it easy to use?

Yes, it is easy to use. Forex Trend Detector is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands-free and the whole process is 100% automated.

  How can I install Forex Trend Detector? Is it easy?

Yes, it is too easy. Just a few steps and you will be ready to use Forex Trend Detector. You can download detailed installation guide from the download section in the member area. It will guide you through the setup process.

  Can Forex Trend Detector work when I am away?

Yes, Forex Trend Detector can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don't need to monitor you trades. Our EA will do it for you. It will monitor the trades, open and close positions automatically.

  Where can I download MT4 (Metatrader 4) trading platform?

MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers: FXCM, FXDD, Alpari NZ, Alpari UK, IBFX, FXOpen, FXPro.

  What do I need to start trading Forex?

First, you need a computer with a minimal hardware configuration and a stable internet connection. Second, you need to install Metatrader 4 trading platform. You don't need to have any additional Forex knowledge because our Forex Trend Detector includes detailed User Guide and Installation Manual.

  Can I use Forex Trend Detector with any broker?

You can use any broker that offers the Metatrader 4 trading platform.

  Should I trade myself when I use Forex Trend Detector?

You don't need to trade yourself. Just turn on Forex Trend Detector and let it trade using your account to bring some profit to you. Of course, you can trade manually too. However, we recommend to you use only Forex Trend Detector to avoid any loss.

  Do you offer free updates?

Yes, we offer free updates of our robot. Our development team will not stop improving the Forex Trend Detector and make it competitive on the market under actual market conditions.

  Does the Robot Trade Every Day?

If there are good conditions for a trade (buy or sell), the robot will take the necessary actions. If there are no good conditions, the robot will wait for the most suitable moment to open an order.

  I don't have much money. What is the minimum amount needed to start trading?

We know that the money is the main question. We know well that many people don't have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $100-$500. Don't forget the fact that trading with a small amount may be disadvantage because you will only be able to trade the market in small sizes. The recommended capital is $1,000-$5,000. Of course you can test it with Demo account first.

  Is it possible to run more then one EA (Automatic Trading System) on a single account?

Yes, it is possible. Forex Trend Detector will not interfere with any other trades.

  What time frame is recommended to use with Forex Trend Detector?

Forex Trend Detector is designed to work on M5 time frame.

  Do you provide customer support?

Yes, we provide customer support. Our support team is working 24/7 for you. If you have any questions about our robot or about our website, don't hesitate to contact us.

  Can I use Forex Trend Detector on other currency pairs?

No, you cannot use Forex Trend Detector on other pairs. It is designed to work only on EURUSD because it shows best performance on this pair.

  I cannot open the user guide. What should I do?

To open and see the Forex Trend Detector User Guide you need to install Adobe Acrobat Reader. It is free, you can download it from Adobe official web site http://www.adobe.com

  What is best - Demo or Real account at the beginning?

You should always test your Expert Adviser on a Demo account first to check if your broker is compatible with your current Expert Advisor! NEVER trade on Real account without testing on Demo first!

  Can I use Forex Trend Detector on a demo account until I feel comfortable trading on a live account?

Yes, you can. You can use Forex Trend Detector and switch between demo and live trading at any time you wish.

  What kind of internet connection and computer hardware do I need?

We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the market opening on Monday to the market closing on Friday.

  Should I turn off Forex Trend Detector on weekends?

You don't need to do that. The market is closed on weekends and the Forex Trend Detector will be inactive until Monday.

  What will happen if I lose internet connectivity for a short time?

This will not affect the system as long as the internet connection is reestablished within a short period.

  What will happen if my computer loses power or reboots?

You shouldn't worry about that. The trades that are currently open will stay open until the computers power is restored, no new trades will open at this time and the system will resume normal trading as soon as the power is restored. Just start your computer, run the Metatrader again and be sure that your Forex Trend Detector Expert Advisor is turned on. It will continue trading and managing its own trades.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. MOREOVER, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
All information on this website or any ebook or expert advisor purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Forex Trend Detector and any authorized distributors of this information harmless in any and all ways.
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