FREQUENTLY ASKED QUESTIONS
Below you will find common questions and answers related to Forex Trend Detector.
If your question is not answered here, please contact us.
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
Expert Advisors (EAs) are programs that run on the MetaTrader 4 (MT4) platform, used to monitor and trade financial markets using algorithms. They find opportunities according to the parameters you set, then either notify you or open a position automatically.
Forex Trend Detector can work with all Metatrader4 (MT4) and Metatrader5(MT5) forex trading platforms. MT4/MT5 can be found and downloaded from most brokers' websites. It is free.
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.
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.
First, you need a computer with a minimal hardware configuration and a stable internet connection. Second, you need to install Metatrader 4 or Metatrader 5 trading platform. You don't need to have any additional Forex knowledge because our Forex Trend Detector includes detailed User Guide and Installation Manual.
You can use any broker that offers the Metatrader 4 or Metatradeer 5 trading platform.
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.
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.
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.
Yes, it is possible. Forex Trend Detector will not interfere with any other trades.
Forex Trend Detector is designed to work on M5 time frame.
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.
By default Forex Trend Detector supports two currency pairs EURUSD and GBPUSD. Of course it can be used with other unsupported pairs but you have to do your own optimization. Otherwise Forex Trend Detector may show unexpected results.
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
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!
Yes, you can. You can use Forex Trend Detector and switch between demo and live trading at any time you wish.
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.
You don't need to do that. The market is closed on weekends and the Forex Trend Detector will be inactive until Monday.
This will not affect the system as long as the internet connection is reestablished within a short period.
You shouldn't worry about that. The trades that are currently open will stay open until the computers 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 working.
Yes, it is. It is compatible with Metatrader 5 (MT5) and you can use it without any problems.
Yes, it is. Forex Trend Detector can be used on any Mac OS.