WHAT IS FOREX?
The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements
WHAT DO I NEED TO START TRADING FOREX?
First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don’t need to have any additional Forex knowledge because our Forex Pips Plus includes detailed User Guide & Installation Manual.
WHAT IS EA (EXPERT ADVISOR)?
Expert Advisors (EA) are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.
WHAT TYPE OF SOFTWARE USE TO WORK WITH FOREX PIPS PLUS?
Forex Pips Plus can works with all Metatrader4 (MT4) forex trading platforms. MT4 can be found and downloaded from most brokers’ websites. It is free.
can i Use VPS- (Virtual Private server) to run this EA?
Yes can, VPS This is the best option for you to run this EA. VPS can get you lots of Benefits Like, It will run 24/7 without INTERRUPTINg.
Due to sometimes if you using your internet connection at home will run on and off and home pc cannot stand on 24/5 running.
can i open in my smart phone if i use VPS- (Virtual Private server) to run this EA? Is it possible to trade manually?
Yes can, You can open on your mobile phone your trading account while robot is running on vps or home pc. this is for you to monitor your ea trade or you can do manual trading as well using same trading account. But this is not advisable due to your lot size allocation on each trade on your account will be affected. but it will not affect on robot performance.
I HAVE NO EXPERIENCE WITH FOREX ROBOTS. IS IT EASY TO USE?
Yes, it is easy to use. Forex Pips Plus is based on a new generation technology that allows you with a few clicks to install, run and start earning money. No need to be professional. Everyone can do it. It is completely hands free and the whole process is 100% automated.
HOW CAN I INSTALL FOREX PIPS PLUS? IS IT EASY?
Yes it is too easy. Just a few steps and you will be ready to use Forex Pips Plus. You can do and will send you a manual to guide you through the setup process.
CAN FOREX PIPS PLUS WORK WHEN I AM AWAY?
Yes, Forex Pips Plus can work 24 hours per day from the market opening on Monday to the market closing on Friday. You don’t need to monitor you trades. Our EA will do it for you. It will monitor the trades, open and close positions automatically.
WHERE CAN I DOWNLOAD MT4
(METATRADER 4) TRADING PLATFORM?
MT4 is a free trading platform. You can download it from the official web sites of your broker. Here is the list of most popular brokers: Forex4you, FXCM, FXDD, Alpari NZ, Alpari UK, IBFX, FXOpen, FXPro. ETC…
CAN I USE FOREX PIPS PLUS ROBOT WITH ANY BROKER?
You can use any broker that offers the Metatrader 4 trading platform.
SHOULD I TRADE MYSELF WHEN I USE FOREX PIPS PLUS?
You don’t need to trade yourself. Just turn on Forex Pips Plus and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only Forex Pips Plus to avoid any lost.
DO YOU OFFER FREE UPDATES?
Yes we offer free updates of our robot. Our development team will not stop improving of the Forex Pips Plus and make it competitive on the market under actual market conditions.
DOES THE ROBOT TRADE EVERY DAY?
Yes, The Robot will trade Everyday. It will always base on your Preferred settings.
WHAT IS THE MINIMUM AMOUNT NEEDED TO START TRADING?
We know that the money are the main question. We know well that many people don’t have much money to get started. Our robot is made to be able to trade with a minimum amount of money. The minimum amount depends to your brokerage company too. You can start trading with a small amount as $100-$500. But don’t forget the fact that trading with a small amount may be disadvantage because you will only be able to trade the market in small sizes. The recommended capital is $1,000-$5,000 of course you can test it with Demo account first.
IS IT POSSIBLE TO RUN MORE THEN ONE EA ON A SINGLE ACCOUNT?
Yes it is possible. Forex Pips Plus will not touch any other trades.
WHAT ARE THE CURRENCY PAIRS SUITABLE FOR FOREX PIPS PLUS EA?
All currency pair are Suitable to use for Forex Pips Plus Robot. You can start with major currency pair like, EURUSD,GDPUSD,USDJPY, AUDUSD, USDCAD, USDCHF and other currency pairs.
DO YOU PROVIDE CUSTOMER SUPPORT?
Yes we provide customer support. Our support team is working 24/5 for you. If you have any questions about our robot or about our website don’t hesitate to contact us.
WHAT IS BEST? DEMO OR REAL ACCOUNT AT THE BEGINNING
You should always test your Expert Adviser on a Demo account first to check if your broker is compatible with your current Expert Advisor! NEVER trade on Real account without testing on Demo first.
DO I NEED A HIGH SPEED INTERNET AND COMPUTER HARDWARE?
We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the market opening on Monday to the market closing on Friday. The best is to use VPS.
SHOULD I TURN OFF FOREX PIPS PLUS EA ON WEEKENDS?
You don’t need to do that. The market is closed on weekends and the Forex Pips Plus will sleep until Monday.
WHAT WILL HAPPEN IF MY COMPUTER LOSE POWER OR REBOOT?
You shouldn’t worry about that. The trades that are currently open will stay open until the computers power is restored, no new trades will open at this time and the system will resume normal trading as soon as the power is restored. Just start your computer, run the Metatrader again and be sure that your Forex Pips Plus Expert Advisor is turned on. It will continue trading. You can avoid this if you using VPS.