Forex Ripper Review - How Does This Automated Forex Software Work?
Forex Ripper Review - How Does This Automated Forex Software Work
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Would you like to find out more about how the automated currency Software called Forex Ripper really works? This robot has been programmed to be much less risky than the other software typically being sold online. It makes money by targeting lower draw-downs with smaller stop losses and aims to hit a high strike rate by taking action only on the trades with higher probability of moving in the intended direction. In terms of looking for profitable trades, FX Ripper is much more likely to target larger winning trades rather than continually try to scalp for small profits.
1. How Else Does Forex Ripper Make Money For You?
But it does not just make money from short terms trends though as it also comes with an advanced EA that capitalizes on longer terms trends. Using more than one time frame, multiple indicators and price patterns, this software is capable of generating many small winning trades while also holding on to some longer term trades.
2. Review of the Forex Ripper Advanced EA
The advanced Expert Advisor is very much focused on looking at longer term trends by analyzing the monthly and weekly price charts rather than analyzing the smaller time frame charts like the main system does.
This means that the robot is able to take advantage of highly probable long term trend movements and you should be prepared to hold your positions for a few days and even weeks with the trades opened by the advanced EA. As compared to the main scalping system, the advanced Expert Advisor's strike rate is higher and makes more money per trade. But of course, you can expect it to make much less trades than the main scalper EA. It should average about 4 trades per week.
3. What is The Advantage that Using Forex Ripper Has Over Using other Trading Methods and Software?
Because FX Ripper is designed with a dual approach that also makes long term trades, it will not run the risks of getting shut down by brokers who tend to close down accounts being run by day trading robots, even though this is only a very handful of brokers. I highly recommend using the listed brokers in the manual only.
