I am sure that you have probably heard about the Forex Raptor automated trading software by now, but is it really profitable like the owner says it is? I had many doubts about Forex Raptor when I first saw it, like whether this programmed bot can really make money and whether it can reliably managed your account with proper risk control. Having an automated software that trades for you certainly seems very exciting, so I decided to explore this software further.
1. What Can The Forex Raptor Software Do?
After buying this program and testing it out on a demo account, I discovered that it is quite accurate at determining short term trends in many currency pairs. The most powerful function is its ability to generate buy and sell signals on its own. I basically let the robot trade by itself, so that I can see how much money I would be left with in the demo account after the test.
2. What Are The Benefits of Using Forex Raptor?
On top of being able to place automated trades for me, it is able to help me analyze market conditions without any possibility of making errors. I find that it is able to find price breakouts when they happen, although these situations may not happen very often. This means that Forex Raptor may not place many trades per day, but it does, I can be pretty sure that it is a winning trade.
3. What Are The Potential Drawbacks of Forex Raptor?
If you do decide to place trades manually, you should always remember to place stop losses according to how the system says you should, no matter how confident you are. There may always be sudden unexpected news events that can cause your trades to go against the trend. Such movement can often be very wild, and you may find yourself in a very bad position if stop losses are not placed in these situations.
Conclusion
Forex Raptor has been a reliable piece of currency trading software for me, and it is currently making a profit on my demo account. The best part is that you can configure it to trade automatically on a MT4 trading platform, so you can spend the rest of your time doing other things. But regardless of how much faith you have in the software, always remember to monitor it manually from time to time.
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