Do you want to find out more about how the Forex Geek scalping Forex expert advisor works? This robot is a scalper by nature and aims to generate consistently profitable trades every day. It is also internally programmed with money management and risk control strategies to minimize the amount of money lost on losing trades. As a new user of this software, I opted to try out its default settings on my test account first and found that it could profit consistently on each trading week.
1. Learning How To Install and Profit From Forex Geek
The downloadable instructional PDF manual contains the set of instructions for installing this robot properly on the Metatrader trading platform. If you do not already have a Forex brokerage account, you can also find a list of recommended brokers that will be able to provide trading platforms to accommodate this software.
2. Why You Need To Find a Good Reliable Broker With Forex Geek
Due to the fact that this software robot is a scalper, you will definitely want to find a reliable broker due to the huge number of transactions that this software will execute every week. So far, this robot is showing very good promise and has been profitable for both its back tests and live tests.
3. What Are Some Problems With Manual Scalping?
Although scalping the Forex markets can be very profitable when the right strategies are applied, it will typically take many hours of manual work every day just analyzing the charts and making the numerous trades required to squeeze out a profit.
4. Benefits of Using The Forex Geek Trading Robot
However, this problem has been solved with the recent programming of scalping robots like FX Geek that can trade automatically 24/7 on every trading day. Through the use of technical analysis and fundamental trends study, this robot is capable of scalping the markets in the right directions and mimicking the actions of a human scalper.