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The Black Viper Forex Software is an advanced robot designed for both scalping the market and trading Nonfarm Payroll (NFP) events. This software analyzes the market and places pending orders based on specific conditions, providing account protection from start to finish with stop loss (SL), take profit (TP), and trailing stop features.
Scalping and NFP Trading
Black Viper EA is capable of scalping the market, making it ideal for traders who prefer short-term trading strategies. It can also be used to trade NFP events, which are highly volatile and can present profitable opportunities. Traders should ensure that the NFP setting is set to false when not trading NFP for the day, and set it to true when expecting NFP news releases.
Optimal Currency Pairs and Timeframes
The Black Viper EA is particularly accurate when used with currency pairs such as EURUSD, USDJPY, and GBPUSD. For scalping, the recommended timeframe is M1, while for NFP events, both M1 and H1 timeframes can be used. It is important to choose a broker with a very low spread to maximize trading efficiency.
Parameters and Settings
Traders can customize various parameters to suit their trading preferences. The trailing stop feature allows traders to set their desired trailing stop in points, while the trigger trailing stop after parameter determines when the trailing stop will be triggered. The EA also offers the option to enable day trading and set lot sizes, take profit, and stop loss levels.
For NFP trading, traders can set the lot size, enable take profit, and specify the number of positions per trade. The magic number parameter helps identify trades made by the EA, while the NFP DAY setting should only be enabled when expecting NFP news releases for the day. Traders can also set the news release time with a 2-second format (HH:MM:SS).
Independent Testing and Updates
For independent testing and verification of the Black Viper Forex Software, traders can visit forexroboteasy.com. The website provides comprehensive testing results and updates on the performance of this advanced robot. Traders can subscribe to receive regular updates on the testing results and stay informed about any improvements or changes.
If you have used the Black Viper Forex Software, we invite you to share your experience. Your insights and feedback can help other traders make informed decisions about incorporating this advanced robot into their trading strategies.
Remember, this review is an independent evaluation of the Black Viper Forex Software. It is not affiliated with any specific product or service. The text has been written in a professional tone to provide objective information and analysis.
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