Frequently Asked Questions

Frequently Asked Questions

What is Forex?

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements

What is EA (Expert Advisor)?

An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. An Expert Advisor can just advise traders which trades to make or can be programmed to automatically execute the trades on a live account. Expert Advisors are very flexible pieces of software that can take any information into account that is available on the metatrader platform. They are written in their own proprietary programming language called MetaQuotes Language Version 4.

What do I need to start using H-ESpider?

  1. First you should open an account in a brokerage company.(Click here for recomended brokers).
  2. Second you need to install Metatrader 4 trading platform.H-ESpider can works with all Metatrader4 (MT4) forex trading platforms. MT4 can be found and downloaded from most brokers' websites. It is free.
  3. Install H-ESpider and strat trading.You don't need to have any additional Forex knowledge because H-ESpider includes detailed User Guide & Installation Manual.

How can I install H-ESpider? Is it easy?

Yes it is too easy.H-ESpider use easy installation program.Just follow the instrauction and you will be ready to use H-ESpider.

What pairs are supported?

H-ESpider is designed to work on EUR/USD by default.

What is the frequency of trades?

H-ESpider is not very active EA.Most of the time it trades 4-5 times in month.

What is the minimum amount needed to start trading?

The minimum amount of money needed to start trading depends on the brokerage company. You can start trading with a small amount as $80. But don't forget the fact that trading with a small amount may be disadvantage because you will only be able to trade the market in small sizes. The recommended capital is $1,000 and more.

Is it possible to run more then one EA (Automatic Trading System) on a single account?

Yes it is possible.BUT ITS NOT RECOMMENDED.Please read the recommensation page for more information.

What time frame should I use with H-ESpider?

H-ESpider is designed to work on H4 time frame.

Can I run H-ESpider on my PC or laptop?

We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the market opening on Monday to the market closing on Friday. Its better to use a VPS for H-ESpider.

Should I turn off H-ESpider on weekends or befor newses?

You don't need to do that.We recommend to run H-ESpider 24/5 without interuption.H-ESpider can handle all events in the market.

What will happen if my computer lose power or reboot or lose conection?

You shouldn't worry about that. The trades that are currently open will protect by hard SL and TP.After restart H-ESpider will manage the open trades without any problem.