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Description
In Forex trading, safeguarding your deposit is paramount, which underscores the necessity of effective money management. Our Expert Advisor (EA) is designed to precisely define the maximum drawdown allowable, ensuring that you won’t exceed your anticipated losses no matter the situation. This EA employs advanced technology to automatically set StopLoss for all active orders at a level that guarantees you won’t lose more than what you have configured in its settings. The innovative algorithm behind Forex inControl is so versatile that it can seamlessly operate across various currency pairs; however, we have strategically selected the top two. By trading on these two pairs, potential losses from one can be offset by gains from the other, enabling a balanced approach to risk. This method of diversification not only stabilizes profits but also provides the flexibility to manage drawdowns independently for each pair, significantly enhancing your ability to mitigate risks. Ultimately, this strategy presents a compelling opportunity to achieve consistent profits while minimizing exposure to potential losses.
Description
This Metatrader News expert advisor can trade forex news using an one-cancels–others (OCO), approach and track the price of winning trades.
News (oco), main functions
Places a specified number of opposite pending order below (short) or above (long), the price, just prior to the news release.
You can delete the orders opposite as soon as the price reaches a pending order (oco is one cancels other).
Places stop-loss, take-profit, trail, break-even etc.
The News expert advisor is designed to trade news events using an OCO approach. OCO stands for one cancels another and refers to an EA's ability close a pending or more orders once the price triggers a opposite pending order. This is an important feature of news trading.
Traders who trade news often place two pending orders just before an important news event. This is the most profitable and well-known way to trade forex news: a buy-stop or a sell-stop.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
MetaTrader 4
Pricing Details
$270 one-time payment
Free Trial
Free Version
Pricing Details
$49
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Forex inControl
Founded
2013
Website
forex-incontrol.com
Vendor Details
Company Name
RobotFX
Founded
2006
Website
www.robotfx.org/p/news.html