Reservoir Pips launched today! Reservoir Pips is a new Expert Advisor from Next Generation FX Trading company which claims to have created a robot that trades with an accuracy as high as 100%. It was tested by the developers, who are professional traders themselves, for 12 months to achieve such a winning rate on the EUR/USD currency pair on a 30 minutes chart and they emphasize that it was not achieved by simply removing a stop loss. They have focused on save trading and have tested it well before going live. The robot is still being tweaked on the ongoing basis to adapt to changing market conditions.
Reservoir Pips' features:
100% automated
Easy 5 minute installation
Works on Meta Trader 4 platform
Trades EURUSD on 30 minute time frame
Doesn't require any special Forex trading skills
Comes with 60-day 100% money back guarantee
Some more details:
Cost: $97
Guarantee: 60 days 100% Money Back
Currency pairs supported: EUR/USD
Otherwise, As most of the other forex trading robots, Reservoir Pips is fully automated, works on MetaTrader 4 platform and should be easy to use. ONLY LIMITED COPIES of Reservoir Pips will be released to the public. So if you are even slightly interested i recommend you find out more about Reservoir Pips today!
A simple forex trading strategy that is fully automated with an expert advisor computer program to autotrade. Average 176 pips per month with little drawdown.
What do you understand by the term pip? Definition for the term may confuse you if you are new to the forex market. Here is everything you need to know about pips, what they are and how they are important to the forex market.
#1- Definition-a pip is essentially the smallest price unit that is traded with respect to a currency. It is actually a shortened form of 'percentage in points'. As most currencies are usually traded up to four decimal points, a pip would indicate a value of.0001 i.e. one hundredths of a cent! Sounds incredibly tiny? Well, not really! You see, a standard trade in the forex market would translate into a value of $100000. So, a pip here would be equal to $10! Doesn't sound that tiny now, does it?
#2-The Spread- currency trading always comes in pairs. So, if you are buying a currency, you are naturally selling another. In actively traded pairs, the spread may be as little as 2 pips.
#3-The Pips spread- this is very important to you as a trader. In a forex market, there are no broker fees to be paid. However, the difference in spread is the total cost for the transaction. You should always take this into consideration when you are estimating profits.
#4- The Factors Affecting the Pip Spread- the currencies that are active on the market have a lower pip spread. However, you should remember that these pip spreads are not fixed. They may fluctuate with changes in the market. It is a better idea to verify the spread offered by your broker before you go for a trade.
#5-The Pip Value- as a forex trader, you understand that the currencies are fluctuating all the time. So how do you decide the pip value? If a USD is your base currency, divide a pip with the exchange rate and that's your pip value! If the USD is the quote currency, your task is easy! Your value is 1 pip itself!
Your profits in the forex market are calculated through a pip- definitions are only the first step in understanding them!
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