Many traders will be happy to know how trading combinations with FXMasterBot are endless as it supports forex trading, as well as manual and automated trading. FXMasterBot also has several different settings available, including:
- Compound Wins
- Reverse Trading
- Max Concurrent Trades
- Daily Take Profit
- Daily Stop Loss
- Max Daily Trades
The advanced account you have, the more settings will be available to you.
How to trade Forex with FXMasterBot?
First and foremost, traders get a chance to use two settings: stop loss and take profit. Considering how there are no expiry times involved and traders can set their limits to make sure the trades will be closed at a perfect moment. If you set the Take profit to $100 and Stop Loss to $25, the software will close the trade when whichever limit has been reached.
FXmasterBot auto forex trading is very similar to manual trading, except the software directly implements your personal settings to the trade
How does the FXMasterBot Work?
FXMasterBot is not a robot in the traditional sense of the way. It is a computer software that is completely web based, which means it requires no downloads. FXMasterBot won’t take any space on your computer, as it can be accessed directly from your browser. In FXMasterBot review, our team noticed that there are several brokers offered which is completely understandable as FXMasterBot is not a broker but a software that serves as a connection between the broker and the trader f the r better trading experience.
This also means that no deposits or withdrawals are ever done with FXMasterBot, as it is a completely free software. The variety of banking methods will depend on your selected broker.
What is FXMasterBot Leaderboard?
During the FXMasterBot review, our team noticed how there is an intersting profit opportunity. It gives traders a chance to earn special points and win cash prizes. Behid the leaderboard is a simple calculation:
Trade volume x multiplier + (deposits-withdrawals)
Let’s break this down!
Let’s say that the trader reached the trading volume of $100. The trader also deposited $500 and withdrawn $100. The trader is currently on the Master level, so his multiplier is x3.
100×3 + (500-100)= 300+400= 700 points
The Leaderboard is reset every month, so all traders get a fair chance for winning a cash prize!