LONDON, March 14, 2012 /PRNewswire/ --
Each month, Vantage FX UK (http://www.vantagefx.co.uk/) gives FX traders the chance to try out at least two Expert Advisors (EAs) with its completely unique Expert Advisor Test Lab. After all, the opportunity to test how well something works before applying it to a live account can make a huge difference to a currency trader's bottom line. Read on to find out how the Expert Advisor Test Lab works.
The purpose of an Expert Advisor is to automate part or all of the Forex trading process for traders who do not wish to constantly watch their trades. The Expert Advisor Test Lab therefore allows traders to test drive different Expert Advisor Robots every month, analysing their suitability through demo account trading, detailed performance stats and trade-by-trade descriptions.
The online lab also provides users with discounts on EA programming software, and Vantage FX UK offers a new pair of Expert Advisor Robots for traders to test every month. At the time of writing, the two Robots featured were the Oscillator Had EA and Average True Range EA:
Oscillator Had EA
The Oscillator Had EA is an Expert Advisor that focuses on combining the CCI and moving average indicators and calculating a line of oscillation. It trades very infrequently but can be useful in defining where in the cycle the overall trend is sitting.
Take Profit: N/A
Stop Loss: 145 pips
Average True Range EA
The Average True Range (ATR) EA focuses on defining the movement range in a currency over a predefined time period. Though there is no stop loss attached to this Expert Advisor, traders should remember the demo environment is completely different from live Forex trading and caution should be exercised at all times.
Take Profit: 190 pips
Stop Loss: N/A
Find out more about Expert Advisors at:
Trading derivatives and Forex carries a high level of risk to your capital and you should only trade with money you can afford to lose. Forex trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
About Vantage FX UK
Vantage FX UK is an internationally recognised currency trading broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.
What sets Vantage FX apart is its wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors.
Vantage FX also offers extensive educational resources to help give traders their edge, keep up with daily market commentary and try a Forex trading demo account. For further information on Forex trading at Vantage FX, visit http://www.vantagefx.co.uk/
SOURCE Vantage FX UK