Forex Impulse Trader Review: Is This A Scam Or Legit Robot? Forex Impulse Trader is a robot specifically designed for Forex trading. It came into the scene early this year and got a lot of people talking about its unique features which is unlike other robots. This robot is designed to help you trade automatically, while monitoring the pitch in the market space.
Forex Impulse Trader EA
Forex Impulse Trader EA is an automated robot for the Metatrader4 platform. This robot trades on EURUSD, GPUSD, EURAUD, USDJPY, USDCHF and EURJPY Currency pairs. Once the parameters have been provided by you, the robot takes over and handles all the transactions for you. This robot was created by an entity known as Automated Forex Tools group which is supposedly manned by team members who have twelve years of development experience.
How It Works
Forex Impulse Trader EA uses market impulse to detect safe entries. The Forex robot utilizes a series of take profits in one direction. It opens two trades at the same time in one direction. The first trade will be closed earlier and a second take profit will be set for the second trade which will still be running by this time. Though this approach to trade is a unique one, it does not mean it is an effective method for trading the Forex chart. Below are its acclaimed features;
This method of trading has serious limitations. If you open multiple trades in one direction instead of utilizing trailing stops, you are doubling your risks. By entering the same trade twice hoping that the trade will return double profit, you are actually setting yourself up for disappointments when things don’t work as expected. In other to play safe, it is advisable not to trade with all your money at the moment till the developers of Forex Impulse Trader EA demonstrates its capacity to generate funds.
Play it safe and smart!
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