Price: $199 (1 LICENCE, FREE UPDATES & SUPPORT)
Currency pairs: EURUSD, GBPUSD and AUDNZD
DEMO ACCOUNT TEST RESULTS:
FXWitcher Review – Best Hybrid Of Scalper And Grid Forex Trading System
FXWitcher is a hybrid of Scalper EA and Grid trade system, which monitors the market and automatically trades 24/5 with no time limits. Substantively, this trading system uses a carefully chosen martingale-based strategy with very low risk.
The Forex Expert Advisor uses its unique Entry/Target/Stoploss based on itsmathematical indicators to catch a perfect timing for building the grid-based basket and strictly execute Stoploss of the basket orders to avoid causing a potential Margin call.
FXWitcher is one of very few robots that can prove themselves profitable over a long period and withstand the following events with very low drawdown:
- 2008 global financial crisis
- European debt crisis
- 2012 QE3 financial intervention from the Fed
This Forex Robot has decent solid safety features, which allow you to adjust trading risks according to your personal preferences.
FXWitcher – Aren’t Familiar With Forex Trading?
Forex Trading is short for Foreign Exchange Trading and refers to the profit or loss that is made by trading different foreign currencies against each other. The study of different international markets, how geo-political events affect those markets and the analysis of the stability level of a certain economy are factors that help a trader in assessing which foreign currency is about to strengthen against another.
Professional and experienced dealers who have the sixth sense for trading end up making thousands of dollars simply by buying and selling foreign currencies at the right time. They use their capitol to purchase the currency that is about to strengthen and then sell it off when it is reaches its potential.
Sounds easy? Technically it is, but gauging the different factors and acting on the right moment doesn’t come naturally to everyone. But why waste such an easy and lucrative opportunity when there is technology to help you out!! Yes, the computer whizzes have really done it this time.
Make use of the FXWitcher and turn your investment into GOLD!
How FXWitcher Expert Advisor Makes Money In Action
The trading strategy of FXWitcher is very simple: The first level order is opened by unique indicators. The first level order has its hidden TP price and the order will be closed if the market price hits its hidden TP price. Then the next new first level order will be placed again by the EA if the entry signal appears.
The second level order will be placed and added to the new basket if the movement of the market price is opposite dynamic grid pips (minimum from 12 pips) to the first level order’s price. Each new level of the basket, starting with the second level, will be opened with an increased lot size by applying the user selectable low multiplier (default setting is 1.25).
With forming the consecutive basket levels, in most cases, the EA will be able to close the basket orders with profits, given by the fixed amount as long as the trending price retraces. However, in addition to the above exit strategy, the basket orders can be closed immediately no matter of resulting in profits or losses when our unique indicators show an ”Exit Signal” for closing all basket orders immediately, which starts a protection mechanism to avoid the market turmoil.
Following this sense, it is extremely unlikely for the FXWitcher EA to occur “Margin call” even the trending movement is very strong.
Hope this FXWitcher review helps to succed in forex trading!
DEMO ACCOUNT TEST RESULTS:
Start date: September 2, 2013
Demo broker: Excel Markets