Forex Ripper is automated forex robot that trades on short timeframe. On average it makes 2-3 trades a day. The creators of the software claim that it can reach very high accuracy and low drawdowns. The system looks into the price patterns, indicators, uses more than one timeframe to make trading decisions.

EA’s take profits and stoplosses are not small(near 100 pips), so there will not be huge dependency on broker data feed and volatile market fluctuations.

Forex Ripper also comes with “advanced ea” version, which is aimed for long term trading. It analysis weekly and monthly market data. Because it is dedicated for long term trading, it only makes 2-3 trades a week. But that is not necessary a bad thing, because when you trade less, you will have less spread related costs.

Forex Ripper creators suggest to use both robots in order to get the best results. One for short daily trading, the other – for long term trading.

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