It’s quite intriguing to look at the general activity in the 7 days in which there’s a disturbance in a main currency. The effect it has on EAs which deal in merely one or two currencies sets is big.
To discuss the point even further, once throughout a dealing week in Europe the financial news had a substantial effect on the Euro. Two out of the top three professional advisors lost just because they dealt in one currency set. One of the robots, called Forex Panda Robot, dealt only in the EUR-USD pair. Meanwhile the other professional advisor, named Forex Bulletproof, dealt in the EUR-USD and the USD-JPY pairs.
Example that we found on web :
Even though looking at the big picture they both made profit, and kept their second and third positions, but both robots experienced huge losses in their Euro based currency deals. Yet, Primeval EA dealt in 8 different currency sets. Just three of these pairs were based on the Euro. Even though it did experience losses due to the fact of Euro based currency deals, these losses were small compared to the profits gained on the other 5 currency sets. Making Primeval EA the top earner for that week.
From what we mentioned above it can be said that diversity is an essential part of on-going gains, profits. Also, an automated foreign exchange dealing platform which is diverse enough to deal on multiple currencies sets can definitely ask for a higher price since it’s created with the idea of heightened risk management in its design. Therefore, a program like Primeval EA continues to better its design every year. And obviously the asking price of the program isn’t a problem, since people continue to buy it.
Mentioning the program in this article wasn’t intended to promote it to earn some money, the objective of this website is to analyze and point out the winners, making it easier for forex dealers to come to a good buying conclusion for when they have to choose from the huge amount of forex dealing platforms that are available online.