Forexpulse BFS Trident Robot – Forex Expert Advisor
Trident Robot Expert Advisor is one of the first trading robots based on the so-called Marketshift analysis. The application was created by the international software developer Best Forex Soft, working since 2005. The Expert Advisor is completely free and has a very friendly user interface. Its effectiveness has been tested over several years of market activity. The EA’s profitability factor is 1.42. The trading algorithm of the Expert Advisor functions as a trend detector and is based on the signals of the MSA indicator, a proprietary indicator of Best Forex Soft. Being free of charge, the Expert Advisor also offers free informative indicators and other useful trading information.
BFS Trident Robot – detailed information
| Worker | BFS |
|---|---|
| Executive class | mid-term |
| Type of Expert Advisor | trend |
| Size of the lot | no less than 1000 pips for 0.1 of the standard lot |
| Size of deposit, $ | 1000 |
| Hand | 500 |
| Timeframes | from M1 and above |
| Strategies | M5 |
| Indicators | MSA |
| Recommendationed brokers | IC Markets |
| Pair tool/forex | EURUSD |
| Yield, % p.a. | 53.37 |
| Max. drawdown, % p.a. | 16.29 |
| Rating | 7.9 |
| Autonomous account type | |
| Indicator | |
| Multiple use | |
| Free use | |
| Mini deposits | |
| Maximum risk limit | |
| ECN | |
| NDD | |
| Many series in one direction | |
| Automatic start lot | |
| Fixed stop-loss | |
| Fixed Take Profit | |
| Automatic shoulder | |
| Created, year | 2015 |
What is a Forex Expert Advisor?
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
How do forex advisors work?
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Why shouldn’t beginners trade with Forex Expert Advisors?
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.
