Expert Advisor and investment decisions: Well-functioning trading markets are significant for everyone. They can affect the long-term safety of a plethora of nations. Interestingly, financial markets are evolving at a rapid pace. Their evolution is due to the presence of various forces like globalization, demographic shifts, and alterations in geopolitics. The dynamism of the financial markets can be attributed to technological revolutions. This is where the Expert Advisor (EA) of PlentyTrade rises to the occasion. With the help of Plenty EA, you can avail successful strategies from the PlentyTrade platform to your trading system. This would help you to implement successful trading ideas in your portfolio.
The versatile features of the Expert Advisor of Plenty Trade
It is a widely accepted notion among investors that a good trading system comprises a sound trading strategy. These trading systems are adept in considering the current market trends. Interestingly, in developed financial markets, such as the US, their success rate stands at 70% to 80%. On the other hand, a versatile trading system is also able to adjust as per the volatility of the financial market. Let’s get you through some exciting features of the EA of Plenty Trade.
It comprises of proven tactics so that you can implement it for immediate use
With the expert advisor, you can ensure that your trades are executed automatically. In other words, you do not have to spend any more time assessing charts and devising trading strategies. Moreover, it would also take your stress away in placing orders. You should consider the EA of PlentyTrade if you don’t have time for flexible trading. With the EA of Plenty Trade, you can also take advantage of successful trading strategies that are programmed into the platform. It would help you to diversify your portfolio. This will also help you to attend other priorities in life.
You can track your strategies
Tracking your strategies is vital when it comes to the context of investments. With the expert advisor of PlentyTrade, you can sell and buy currencies as per your convenience. Interestingly, by tracking your strategies, you can learn from your mistakes in investment. EA would offer you with advanced interfaces which would also assist you in monitoring how your investments are performing throughout the day. It also facilitates back testing so that you can evaluate and fine-tune a trading idea.
You can test the Expert Advisor with a free demo account
One of the biggest challenges in trading is to plan the trade and trade the plan. This is where the EA of PlentyTrade can come to your aid. There are many other automated trading platforms where you cannot test the systems unless you have paid for it. But this is not the case with the expert advisor. You can check its exciting features and its viability with a free demo account. You have to just signup and enter your credentials to access the demo account. Sounds enticing. Well, it is one of the critical features of the EA platform. When you test the system for possible pros and flaws, you will get a basic idea of the consistency of the platform.
The expert advisor is adept in implementing strategies at the expert level
The EA of the PlentyTrade platform would holistically help you to meet your objectives. The algorithms which are programmed into the platform ensure that your every investment decision is successful. This system is also designed to exploit price inefficiencies in the market. With the expert advisor, you can also consider precise sets of rules and implement them on the historical data. This would help you to avoid risks which emanate from live trading. Moreover, with PlentyTrade, you trade in one market at a time. This helps you to minimize risks and invest holistically.
You would eliminate the need for any programming skills
With the expert advisor, all your investment decisions are reliant on the formulas developed by the PlentyTrade platform. The EA platform comprises of algorithms which ensures that you don’t require any expensive programming skills. The PlentyTrade platform consists of advanced algorithms that can exploit the price inefficiencies prevalent in the market. It also possesses the ability to predict the trends of the market in the right direction.
With PlentyTrade Expert Advisor, investing isn’t an art. It’s a science
Yes, you have heard it right! PlentyTrade’s software-only solution puts your investment options to work in an automated fashion. At the same time, it manages your risk and keeps taxes and costs at a minimal level. The PlentyTrade believes that everyone should have access to independent and professional financial advice. With the expert advisor, you can control your investment options while managing risk for unpredictable performance.
The platform also can reduce the taxes which you might incur during trading. The algorithm embedded in it ensures that you lower your tax obligations in such a manner so that you can reinvest your savings. PlentyTrade emphasizes heavily on quality over quantity. The platform has computer-based strategies, which are also known as expert advisors.
PlentyTrade assist you in preserving discipline
It is a commonly observed fact that emotions often govern human actions. Emotional factors such as greed, arrogance, and fear lead to the undertaking of irrational decisions. Interestingly, as trade rules are executed in an automated fashion, the discipline of the investor is preserved even in the most volatile markets. With a piece of expert advice, you can always ensure that the training is maintained in your trading actions.
Moreover, with the help of this platform, the pilot error is also minimized to a great extent. Automatic trading can also curb the habit of over-trading. It would ensure that the selling and buying process is executed at the perceived opportunities.
Trade in “multiples” with the PlentyTrade platform
Complex calculations and adaptations are a thing of past with the PlentyTrade platform. The expert advisor in the PlentyTrade platform ensures that the investor comprehends the relationship between risk and profit well. With the help of this platform, you can control and diversify your portfolio at any point in time. You can also analyze whether your investment goals match your risk. Trading on multiple accounts is now possible with the advent of the PlentyTrade platform. The computer based strategies are able to scan the volatilities of the market across a wide range. They are also adept in placing orders and effectively monitor trades.
Trend following – made easy with PlentyTrade
Trend following is an evolving aspect of financial markets around the world. It is a strategy which enables the trader to follow the current market trend. Interestingly, the traders who follow this type of policy do not aim to predict price levels. They usually go with the flow of market trends. Trend Follwoing is also known as the assessment of the asset’s momentum in a particular direction.
In the domain of pattern following, the traders utilize both the technical tools and the course of the trend. With the help of the PlentyTrade platform, you can take into account the indicators of momentum in the financial market. The expert advisor would formulate the relative strength index (RSI) to signal exits and entries. With the assistance of the PlentyTrade platform, you can easily create your portfolio. This would help you to maintain a unique posture when compared to other traders.
Grasp the fundamentals of Range Trading with PlentyTrade
PlentyTrade makes it easier for you to understand the concept of Range Trading. It is a strategy which ensures that the trader recognizes oversold and overbought areas of the financial market. It is one of those strategies which work well in volatile markets. Markets that have a habit of meandering up and down usually possess a threat to the traders. However, with range trading, this threat can be effectively reduced. It is also interesting to note that this trend is less effective in a trending market.
With just a few clicks on the PlentyTrade platform, you can create and use your portfolio. In this manner, you can also combine your preferred trading strategies. In other words, with the help of this platform, you can maximize your income and reduce your risks. It is also one of those platforms, where you would easily find strategy descriptions which can be allotted to distinctive markets.
What is an Expert Advisor?
PlentyTrade is one of those trading platforms which comprises of an expert advisor. In simpler words, it is an automatic trading system. Interestingly, the EA of the PlentyTrade platform makes sure that you can consistently trade even in volatile markets. It also has the ability to assess the market independently. It also automatically calculates all the essential parameters and is able to monitor the market. Another fascinating feature of the EA lies in the fact that it displays the selling and buying opportunities on the chart.
So, as a trader, you have to just cast a glance on the chart to be aware of the latest developments. From the calculation of losses to maximizing profits, the EA callculated everything. Hence, it is quite evident that this platform facilitates automatic monitoring and relieves the trader of manual intervention.
Expert Advisor helps you in automatic decision making
In the realm of the trading world, everything is all about financial fitness. The EA ensures that you are continuously monitoring the right time to implement decisions on behalf of you. With the help of the right time and opportunity, you can excel as a trader in the financial world. You can avail optimal opportunities at your fingertips, which are otherwise impossible when you traded in person. You can also trade in ten different currency markets with the help of this platform. This highlights the sheer advancement of this platform.
Trade in a varied number of financial markets simultaneously
If you are worried about trading in the diverse financial markets, the expert advisor is your ideal option. It not only formulates strategies on your behalf but also transmits signals directly to your MT4 account. However, as you are a professional trader, it is recommended that you trade a portfolio of strategies. In the realm of PlentyTrade, your collection is also known as PlentyFolio.
A few clicks are enough to create a diversified portfolio on the PlentyTrade platform. Moreover, when you have a personalized portfolio, you can stand out from the mass traders. This gives you extra powers to conduct trade over vivid financial markets.
The enticing prospects of modeling quality at PlentyTrade
Modeling variety denotes the quality of a trading system which wre tested and reviewed in the past. It commonly found with Forex and CFD trading platforms. Interestingly, with the help of the expert advisor, the logic of training is programm and converte to your MT4 account. One of the highlighting aspects of the PlentyTrade platform is to review every single trading system.
Only when a system has a modeling quality of 99.9%, it is include in the PlentyTrade platform. Another fascinating feature of this platform lies in the fact that for each trading market and system, you would readily find the appropriate MT4 report along with basic stats and figures. This would greatly help you to implement a favorable decision.
Forex Trading at PlentyTrade platform with multiple gains
On the PlentyTrade platform, you would find a plethora of expert advisors who would help you to predict the trends of the market. This would help you to invest wisely in Forex Trading. The back-tested expert advisor ensures taking over the entire trading process. From the point of view of a forex trader, this helps them to minimize risks and maximize gains. Based on your specified strategies, it can execute all the trading operations in the realm of Forex trading.
Are you already feeling excited to test the PlentyTrade platform? Register yourself today and test the systems free of cost with a demo account. With the PlentyTrade platform, you can execute your trading operations in a more faster and reliable manner.
Click now or later on the question mark icon for an introduction to our platform in less than a minute.
We recommend following this tour on a desktop PC. If you are using a tablet or a phone, please try holding it in a landscape position.
Introduction to our platform in less than 1 minute.
Click on a system name to see this system with all the statistics in a large chart.
If you add a system to simulation later, use the - and + keys to control the risk per trade. An explanation can be found above the - and + keys when you mouse over the i - icon next to 'Risk per Trade in%'.
The Risk control panel also shows you how the adjustment changes the risk of the system. For a detailed description, now mouseover the i - icon next to Risk control .
In this menu you will find over 100 tested trading systems. Only the best 10 systems per currency pair are displayed.
Now set the slide switch of any system to "On". Repeat this for up to 10 different systems to create your own PlentyFolio.
Now click Simulation to go to the simulation page. You will then see your newly activated system with all statistical key figures and a large chart in the middle of the screen. Try it out!
The number of your selected trading systems sending signals to your account can be found in this circle.
As a registered user, you can send the signals from this system to your account by clicking "Add to Plenty EA" .Now click on a green "Add to Plenty EA" button to end this tour and sign up for a free demo account. Then start by clicking the question mark icon ( In the menu next to the "LOGIN" button), re-introduce the guide to learn how to use the Plenty EA.
Your chosen strategy has now been added to your account. You'll find the number of strategies that send signals in a circle.
Demo EA sends the signal to your trial account and Plenty EA to your live account.
To switch to the account view, click Demo EA / Plenty EA.
This is the end of our short introduction. You are now in your account view. The newly added system can be found on the right in the Trading System List (TSL). Click on the button "ALL SYSTEMS" to open the TSL.
For a detailed description of using our platform, see Tutorials .