Whether you’re looking to make some extra cash with your trading, or you just need to learn more about a specific robot, this Killa Gorilla EA Review will give you the information you need. We’ll cover what’s needed to run it, how it works, what currency pairs it’s recommended for, and the best way to get started.
Minimum account balance required
Depending on your broker, you may or may not get the best possible performance out of Killa Gorilla FX Master. To reap the benefits, you will have to have the right mix of knowledge and funds. In addition, you should use a separate account to trade manually. This way you can adjust your inputs to suit your trading style.
The Killa Gorilla FX Master is a high-frequency trading robot that uses price action and a few other tricks to get you on the road to riches. It has an info panel on the trading platform which displays some cool stats and a few useful tidbits.
Aside from the high-octane performance, Killa Gorilla FX Master also has money management features such as a spike filter. This is the same as a stop loss, but for trades that you have not opened.
The Killa Gorilla FX EA also has several pre-set files to help you find the perfect settings for your trading style. It also comes with an instructive manual and free online support. You can even test it out on a demo account before investing real money.
MT4 platform for running forex robots
Whether you are a beginner or an experienced trader, there are several forex robots available. These software programs are designed to make trading easier by automatically following a trading strategy. Depending on the level of risk and strategy you are after, you should choose a forex robot that supports your broker’s risk management features.
The best forex robots offer speedy data processing. This helps them score higher in accuracy and order execution. They are also capable of coordinating ideas from manual trading strategies. The most successful robots can trade 24/7 and will keep your emotions in check.
One of the first things you should do is install the MetaTrader 4 (MT4) platform. This is free and can be used directly in a web browser. You may also opt to use a mobile app, which allows you to access your account from anywhere. You may also opt for a virtual private server (VPS). This type of hosting allows you to access your MT4 account remotely.
Recommended currency pairs
Unlike major currencies, exotic currency pairs tend to have a high spread, high volatility, and low liquidity. For this reason, they are only suitable for experienced traders. Hence, most traders prefer trading the major currency pairs.
EUR/USD, GBP/USD, and USD/JPY are among the most commonly traded pairs. They account for about 70% of the Forex market turnover.
EUR/USD is a currency pair between the euro and the US dollar. It has a strong uptrend when the euro strengthens. It has a negative correlation with the USD / CHF currency pair. It has a positive correlation with the British pound.
GBP/JPY is known as the beast of the Forex market, but it is also the least volatile of the major pairs. It has rich trading resources. It is also very predictable, which makes it an excellent choice for beginners.
EUR/USD is the second most commonly traded currency pair. It has a positive correlation with the Swiss franc and the British pound. It has low spreads and high liquidity. It is a good choice for a Forex Robot.
Performance
Using the Killa Gorilla FX Robot requires that you have a trading account with a broker affiliated with the vendor. The minimum deposit required is 5000 to 10,000 dollars. It is also important to have a good internet connection. This is a high-frequency trading robot. It opens and closes trades automatically. The vendor claims that you can make profits of up to 20,000 dollars per day. This is a high return rate, but you may want to test it out on a demo account first.
This robot is compatible with the MetaTrader 4 trading platform. It also comes with stop loss and news filter features. It trades 24 hours a day. It is also designed to protect you against spikes. It will also allow you to adjust its inputs. It will also include an info panel for currency charts. This will show you alerts and performance statistics.
The vendor suggests that you use AUDUSD or EURUSD to test out the system. In general, it works better in trending markets. However, it can also work with all currency pairs.