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- Excelsior
The Forex market is a dynamic and complex environment that requires robust tools for effective trading. One such tool is the Excelsior Forex Software, a multi-symbol advisor that offers a unique approach to Forex trading. This article provides an in-depth review of its features, functionality, and performance.
Unique Dual Neural Networks
What sets Excelsior apart from other Forex trading software is its use of dual recurrent neural networks. This innovative approach uses two independent networks to calculate “buy” and “sell” signals, providing a more nuanced and comprehensive analysis of the Forex market. Trades can be opened at any time during the day as long as the daily signal is valid.
Automated Trading with Six Symbols
Excelsior is fully equipped for automated trading with six symbols: AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY. Regardless of your current chart, Excelsior always works with these six symbols, ensuring a diverse and balanced trading portfolio. Moreover, the software is compatible with other advisors and indicators, providing flexibility in your trading strategy.
Data Collection and Analysis
Before commencing test or real trading, it is critical to collect missing data. This can be done by testing the software with the property “Mode = Collect_Bars” for a period of four years or more. If this is not done, the advisor will use one year of monthly bars, which could lead to incorrect indicator inputs. To circumvent this limitation, it is recommended to collect data once a year on OHLC prices.
Trading Algorithms and Forex Technology
Excelsior employs advanced trading algorithms and leverages AI in Forex trading. When the current trend changes, the software closes trades or sets a stop loss at the opening price according to its algorithm. The initial stop loss is indicative and is set for internal calculations. This approach ensures that your trading strategy adapts to market changes, enhancing the potential for profitability.
Properties of the Advisor
The advisor’s properties include Comment Fontsize, Mode, Suffix, Close losing trades (days), Same signal max, Same signal range, Takeprofit, Trail, and Volume. Each property can be optimized to achieve optimal profitability for your deposit amount and leverage. For instance, you can set the number of days after which a trade should be closed if it’s not profitable, or the maximum number of trades with a similar signal.
FAQ section
What is the minimum deposit for using Excelsior?
The minimum deposit for using Excelsior is 250 USD with a volume of 0.01. However, a deposit of 1000 USD with a volume of 0.01% is recommended for optimal results.
Does Excelsior work with all brokers and account types?
Yes, Excelsior works with all brokers and account types. However, the trades may differ due to the use of neural networks. Long-term trading results for 3-4 months are similar in terms of recovery factor, Sharpe ratio, drawdown, and other parameters.
Can I use other advisors or indicators with Excelsior?
Yes, you can use other advisors or indicators with Excelsior. It has no impact on the advisor.
For independent testing of the Excelsior Forex Software, you can visit forexroboteasy.com. You can also subscribe to updates on the results of testing this product. We invite you to share your experience of using this product. This review is independent, and the product is not affiliated with the author or this website.
Excelsior Forex Software: A Review of its Unique Dual Neural Networks
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Admin Admin
1 review
Excelsior Review: Ultimate Forex Trading Software for Traders
While the bot's reliability is commendable, there's room for improvement in terms of profit generation. Perhaps the software's developer could look into enhancing the profit-taking strategy or refining the entry points for trades. This could potentially boost the profitability of the bot, making it an even more valuable tool for Forex trading. On another note, I've noticed that losses tend to accumulate over time. This seems to be due to trades that veer off in the wrong direction and aren't closed early enough. It would be beneficial if the software could incorporate a feature that allows for earlier closure of such trades. This could help to mitigate losses and improve the overall performance of the bot. In summary, the "Excelsior" Forex software is a reliable tool for trading, but there's potential for improvement in terms of profit generation and loss mitigation. I look forward to seeing how the software evolves over time and how these enhancements could further optimise my trading experience.
cyberryder
1 review
Analyzing Excelsior: Comprehensive Review for Forex Traders
The software promised steady, small gains, which initially seemed to be the case. However, these minor profits were quickly overshadowed by infrequent yet substantial losses. It's like taking two steps forward only to take five steps back. The inconsistency is not only disheartening but also detrimental to my trading account. One of the key features that drew me to Excelsior was its risk management capabilities. I was under the impression that this would safeguard my investments and minimise losses. Unfortunately, this was not the case. The risk management feature appears to be ineffective, failing to protect my capital from significant losses. The most frustrating part of this experience is the money I've wasted on this EA. As a trader, every penny counts, and the funds I've sunk into Excelsior could have been better utilised elsewhere. It's a hard pill to swallow, but it's a lesson learned. In conclusion, my experience with Excelsior Forex software has been far from satisfactory. The software's inability to deliver consistent gains and its ineffective risk management have led to significant losses. It's a regrettable purchase, and I wouldn't recommend it to other traders. I hope my experience serves as a cautionary tale for others considering this EA."