Progressor is a specialized program necessary for performing automatic operations on the Forex interbank currency exchange market. This program is one of the Forex Expert Advisors that allows you to automatically perform certain operations on the market. This Expert Advisor is distinguished by its efficient operation and flexible settings.
The peculiarity of the strategy of this Expert Advisor is that it can work on any timeframe and use any tools. The main advantage of Progressor is the extremely high accuracy of determining the entry points. Analyzing the current state of the market, the program chooses a strategy of behavior, from aggressive trading to cautious. This approach allows you to adapt to the behavior of the market and get significant profits. In addition, all further trading of the program follows a certain scheme, according to which the adviser will cover open poses with the greatest benefit in case of real danger. Also, the program, under certain settings, can use a completely different trading strategy – scalping. This strategy differs in that the program closes a large number of transactions with a small profit.
As for the platform, the Progressor Expert Advisor is a special development for the Metatrader 4 platform. That is why it is necessary to use the platform MetaTrader 4.
The presented program allows you to use any currency pairs in trading, but, according to experts, the most significant profits can be obtained when choosing the following pairs: EUR/USD, GBP/USD.
Any time interval used for grouping currency pairs can be selected, but the program gives the best result with the M5 time frame.
Also, a feature of this program is the possibility of working around the clock. The working time is determined using the settings directly by the trader himself, based on their individual preferences.
The success of this Expert Advisor depends largely on the selected settings. Let's consider the main ones:
- Working_Time-an indicator that allows you to configure the working hours of the program
- Trade in fri-an indicator that allows or prohibits trading on Friday
- First_lot-selection of the initial lot in transactions
- Distance – selection of the distance between orders
Currently, the most popular version of this program is 1.9. Version 1.12 is also used. The differences between these versions are that version 1.9. also allows trading in EUR/CHF pairs. Also in version 1.9. it is possible to choose work at a certain time of the day.