Trade Explorer EA
Table of Contents
- Trade Explorer EA
- Trade Explorer EA Review – A Deep Dive Into The Forex Trading Robot
- Visit the Official Trade Explorer EA website
- Visit the Official Trade Explorer EA website
Price: $697 (TRADE EXPLORER EA ONE YEAR MEMBERSHIP, 1 LICENCE, FREE UPDATES & FRIENDLY SUPPORT)
Currency pairs: 27 pairs (AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USDNOK and USDSEK)
Note: There are 2 different packages of Trade Explorer Robot available right now:
– ONE YEAR MEMBERSHIP: 1 REAL or DEMO Account, Free Updates & Friendly Support, Regular Price: $697
– LIFETIME MEMBERSHIP: 1 REAL or DEMO Account, Free Updates & Friendly Support, Regular Price: $997
Update: New improved version of Trader Explorer EA released in November 2022
If you have a smaller account, prefer less risk exposure for your account, or want to use a prop firm, then use the Low DD Set files only with only the pairs provided instead of those in the other preset folder.
Recommended pairs: AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUD, NZDUSD, USDCAD, USDCHF, USDJPY
LIVE ACCOUNT TRADING RESULTS:
Trade Explorer EA Review – A Deep Dive Into The Forex Trading Robot
Forex trading is a thrilling and lucrative way to invest, but for inexperienced traders, it can also be confusing and risky. That’s where Forex robots like Trade Explorer EA come in, offering advanced algorithms that analyze market trends and execute trades for you, leading to informed and profitable decisions. But the million-dollar question is, is Trade Explorer Robot worth your time and money? Let’s examine.
Key Characteristics Of Trade Explorer EA
Trade Explorer EA boasts a collection of features aimed at improving your Forex trading experience, including:
• Fully Automated Trading: Say goodbye to monitoring the market and making constant buy/sell decisions as Trade Explorer operates independently.
• Multiple Currency Pairs: With the option to trade on various currency pairs, you can diversify your portfolio and reduce risk.
• Customizable Settings: Tailor the software to fit your preferred trading style, whether it’s aggressive or conservative.
• Regular Upgrades: Trade Explorer EA is continuously updated with new features and improved performance, keeping it at the forefront of a rapidly evolving market.
Best Forex Robots
Have you ever heard of Foreign Exchange Trading? You might know the term better as Forex Trading. It is the type of trade market where major foreign currencies from around the world are traded against one another. The increase and decrease in the values of the currencies are what determine whether a trader gains a profit or loses money on their investment.
A successful Forex trader must assess the strength of one foreign currency against another foreign currency. This will involve looking closely at the various international markets and studying the strength of their economies. Other geopolitical actions and events may influence these markets as well.
Once you become experienced at assessing international markets and their economies, you’ll have the confidence to invest thousands of dollars into foreign currency trades. In other words, you’ll purchase certain foreign currencies at a time when you know they’ll get stronger against other foreign currencies. After they do get stronger, you can sell the currencies and make a substantial profit on your investment.
In theory, this whole process might seem simple enough. However, there are several other variables involved in making profitable trades in the Forex marketplace. So many new traders act on emotion and impulse rather than on strategy and instinct. If you do this, then you’re destined for failure as a Forex trader.
Fortunately, there is a lot of advanced computer technology and software available nowadays, which eliminates the “emotional trading” factor out of the equation. This technology comes in the form of Forex Trading Robots.
Trade Explorer – One Of The Best Forex Robots On The Market
The Trade Explorer EA eliminates the need for Forex traders to watch the market 24/5 and make trades based on impulse. This will make it easier for you to place successful trades without you having to lift a finger.
A sophisticated analytical system is programmed into the software, which constantly studies the changes to the currency exchange rates on the market. You get to decide the parameters of your Forex transactions before the robot is activated. In other words, you can specify the financial limits of your trades and the robot will obey them. This ensures that the robot doesn’t buy more than you can afford or sell more than you’d want it to sell.
Based on your programmed strategy for the Forex trading robot to follow, it will make specific trades whenever the exchange rates reach a certain value or range. By trading this way, you won’t get emotional when you see the exchange rates change for the better or worse. The robot allows you to stick to a predetermined strategy by watching the market and trading for you.
The Trade Explorer Expert Advisor can remain operational throughout all the active hours of the Forex market, which is 24 hours per day, 5 days per week. As soon as the robot discovers a profitable opportunity for you on the exchange, it will immediately initiate a trade on your behalf. You could even be asleep when this is going on and then wake up to your new profits the next morning!
Therefore, start eliminating the stress and emotional factors of Forex trading by obtaining the help of this unique Trade Explorer Robot or another one of the best Forex robots available.
How Trade Explorer Robot Operates
The software leverages both technical and fundamental analysis to make informed trades. It analyzes market data in real-time and employs advanced algorithms to identify trends and forecast future price movements. When a profitable opportunity arises, Trade Explorer EA executes the trade on your behalf.
Pros And Cons Of Trade Explorer EA
Like any Forex software, Trade Explorer EA has its strengths and limitations, including:
• User-Friendly: The software boasts a straightforward and intuitive interface, making it easy to get started with Forex trading.
• Consistent Profits: Its advanced algorithms and real-time market analysis result in consistent profits, even in volatile market conditions.
• Customizable Settings: You have the freedom to adjust the software’s settings to fit your preferred trading style.
• No Profit Guarantee: Forex trading is inherently risky, and there is no guarantee of profits using Trade Explorer EA.
• Reliance on Technology: The software operates independently, so technical issues could result in missed profitable opportunities.
• Cost: Trade Explorer EA is not free, and additional services may be necessary to fully utilize its capabilities.
Trade Explorer Expert Advisor – Latest Updates
By default trading starts at 0.01 lots and increases automatically. With 27 pairs trading that’s enough. For most accounts. But if you want to pump risk on the pairs that you find do best such as EURUSD, you can increase starting lot size higher such as to 0.02 lots or higher.
For now we recommend using default risk settings for all account sizes and to just decide how many pairs to use for now. If using a smaller account you can try 3 – 5 pairs – consider majors such as EURUSD, GBPUSD, USDCHF, etc. Or you can try all pairs if you prefer on a larger account of $3k to $5k.
Or test on a demo account first with what you want to get an idea of how it works, then switch to live trading once you are comfortable with how it works. If using a CENT account you can use all 27 pairs on a small account.
Safety Stop Loss Option:
The system has multiple systems in place to close trades that are managed internally, with risk management features. But if you are a more cautious trader and prefer to remain risk averse, there is a global safety stop loss feature you can turn on.
After loading the SET files, change the following setting…
UseBasketStopLoss = TRUE
BasketStopLossMoney = 500
We do not use this feature on our account. So this is an optional safety feature for you to use. You can also adjust the BasketStopLossMoney – We don’t recommend lowering it, only increasing it if anything.
In conclusion, Trade Explorer EA is a sound option for those venturing into Forex trading. Its advanced algorithms, customizable settings, and ease of use make it appealing for both novice and experienced traders. However, like any investment, there are no guarantees, and caution and research are a must before investing your money. It’s important to understand that relying solely on a trading robot may not be the best strategy for everyone, and a well-rounded investment portfolio incorporating both automated and manual trading could be a more effective approach.
You can give this Forex Robot a fair try and test it out for up to 30 days.
Trade Explorer EA is available at unbelievable price, i.e. only $697. So don’t wait to grab your copy!