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Econ Power Trader

  • Price: $497
  • Timeframe: M1
  • Growth: 1501.2%
  • Monthly: 14.4%

Econ Power Trader Statistics

REAL ACCOUNT: Econ Power Trader

Account not updated for a long time Real account - Econ Power Trader

Start date: May 04, 2018

Live broker: No information

DEMO ACCOUNT: Econ Power Trader

Account not updated for a long time Demo account - Econ Power Trader

Start date: Sep 19, 2018

Live broker: FXOpen

Econ Power Trader Description

Econ Power Trader is a Forex robot developed by a group of professionals. The EA is a news straddle trader. It strategically identifies high impact news for any given day, then utilizes pending orders above and below the current price action.

Now, this part sounds simple right? But there’s two tremendous key elements here and that’s: timing and positioning. These elements took the developers many sleepless nights to figure out and perfect.

If you open the pending orders too soon or too late, you risk triggering a trade that really should not have been triggered, putting you at significant risk of losing the trade. So, it’s important to time these pending orders to open at the right moment. And if they fail to trigger, they need to close immediately to avoid false trade openings.

When opening pending orders for news trades it’s important that the orders are not too far, but also not too close to the current price action. This is to avoid false head movements that cause the trade to trigger and immediately hit stop loss, this is no fun, and a lot of amateurs get caught in this mistake. And on the flip-side, we don’t want the orders too far away or we will miss all the profit if the trade triggers or maybe miss the trade completely.

So, the developers have established how Econ Power Trader sets up for trades. This requires speed and efficiency, and even more importantly - the same accuracy and efficiency when exiting the trades, because that is exactly where the money is made or lost.

This is where adaptive intelligent news trading technology comes in handy.

AINTT is designed to pick the statistically most intelligent pending order positions, then open them, and manage them with impeccable timing.

The developers were able to give even more speed and efficiency to the built-in technology by cutting out major DLLs.

This reduces processing time, unlike other trading systems that can get bogged down with inefficiencies.

Managing Trades with Econ Power Trader 

After the pending orders have been open – the high impact news event will typically happen seconds later.

If the result of the news is practically no movement in the market, then the trades will promptly be closed by the system to prevent a trigger of the pending orders into unpredictable trades that can go in any direction – we don’t want that.

Now let’s say the trades do open into active trades because of a strong movement in the market due to high impact news.

The next step is for Econ Power Trader to intelligently manage the trades using its creative technology.

The system is designed to outsmart your broker and outsmart the market. So there are a few tools built in to help you keep your profit instead of give it up like other systems:

  • Tight stop loss usually no higher than 15 pips to 20 pips on average.
  • The take profit usually can go as high as 100 pips or more.
  • Double trailing stop protection: stop loss will be moved up to lock in profits, but just in case broker fails to accept stop loss adjustments, the system will always intervene, and close trades automatically based on trailing stop. 

The EA also:

  • Never uses grid
  • Never uses martingale
  • Never uses cost averaging
  • Never over leverages

This makes Econ Power Trader one of the safest systems available on the market.