Forex Ripper is a fully automated Forex robot that works best for daily trading and scalping trading.
It trades more often – about 2 or 3 trades per day on average – with high accuracy and low drawdowns.
This EA is based on very sophisticated system that takes into account price patterns, indicators and more than one time frame analysis.
Forex Ripper is unlike other robots of its kind in the market. Because the target per trade is not too small and stop loss is not too high. That makes not only profitable in the short term but also on the long term.
Most EAs with scalping option aim for very small profit with huge stop loss per trade. These EAs could perform great for few weeks or even few months. But once this huge stop loss was hit, all profits will be gone!
Also, most EAs with scalping option have large drawdowns because of the big stop loss. That means, there is big risk involved. Too much risk!
Because of their scalping nature, many brokers don’t allow users to trade with them and could close your account if they noticed that you are using a scalper. That’s why users have to look for a broker that accepts using these EAs – AND – have spreads low enough to make them profitable.
All the above is not an issue with Forex Ripper. Users will not have problem with brokers, low spreads or worry about getting their account closed overnight.
Forex Ripper also comes with an ADVANCED EA, which is designed for long term trading. It doesn’t aim for short term profits. It takes into account weekly and monthly market analysis. That makes it very safe to trade and very profitable as well.
Besides the options in the main EA, this version can be set to trade during specific hours, if traders wish to use it for daily trading. The number of trades per day is not as high as the main EA. So it expected to make 3 – 4 trades per week, but with more accuracy and winning %.
The default stop loss is not large. (95 pips , whilst for example FAPturbo is 500 pips for long term trading) so it will not cause huge drawdowns.
For maximum profits, both robots should be used at the same time. The main EA for daily trading or scalping. And the advanced EA for long term trading. This will maximize profits and reduce risks, making this a “super robot” like nothing else on the market.