The Skilled Trader Review
The Skilled Trader is an automated robot designed to work with MT4 and MT5. In this review of Skilled Trader, we’ll help you understand the mechanics behind this robot, as well as the benefits that it offers you.
Aimed towards beginners, the robot comes with several tutorials to help you get started. It’s also competitively priced and you can choose between three subscription options. Learn more about The Skilled Trader below to increase your profitability by up to 61%.
How does The Skilled Trader work?
Our reviewers found that The Skilled Trader software is easy to incorporate with both MetaTrader 4 and MetaTrader 5. Once installed, it doesn’t require any setting adjustments aside from your risk preference. This not only makes the software perfect for all budgets but means that it will constantly update and adapt as the markets change.
The Skilled Trader takes care of opening trades, setting stop losses, and closing trades. It works effectively with two major currency pairs, EURUSD and GBPUSD, and XAUUSD (Gold). This is one major advantage it has over other auto-trading robots, as they don’t usually work with commodities.
Our review of The Skilled Trader found that the strategy for the robot is designed to work around ‘following the big money’. It analyzes how large funds, banks, and countries approach the markets and makes pullbacks and reversals based on this information. To manage your profitability in the market and your financial safety, The Skilled Trader regulates trade frequency and risk-to-reward ratio and utilizes various stop orders.
The Skilled Trader works with as little as $100 and, for transparency, you can view their backtesting data on Myfxbook.
How much does The Skilled Trader cost?
The Skilled Trader has a competitive subscription pricing plan which is based around how long you want to use the robot. You can review The Skilled Trader prices below:
- 3 Month Membership – $247
- 1 Year Membership – $497
- Lifetime Membership – $899
All of these one-time-payment packages offer you full access to the automated trading software as well as customer support, updates, and a 30-day moneyback guarantee. When compared to other robots on the market, our reviewers found The Skilled Trader prices to be affordable for most traders.
When should I use The Skilled Trader?
Our reviewers found that The Skilled Trader is suitable for all skill levels. Specifically, the robot is advertised as beginner-friendly, and our testing confirmed that this is true.
As a beginner, you will appreciate the risk-regulating features of the robot, and the fact that it works effectively with an account balance of just $100. Furthermore, as the robot decides what size positions to open for you, you only need a basic understanding of forex trading and an idea of which of the supported instruments you want to trade.
As The Skilled Trader accommodates both trending and volatile conditions, it can be used at any time regardless of how the market is behaving.
Pros and cons of using The Skilled Trader
- Supported on MT4 and MT5
- Free updates
- 30-day money-back guarantee
- Relatively high lifetime membership price
- Limited trading instruments
Is The Skilled Trader easy to use?
Our review of The Skilled Trader found that the robot is quite intuitive and straightforward. Once you’ve downloaded the software you can simply add it to MT4 or 5, set your risk preferences, and then indicate which instruments you want to trade. You’ll find that detailed set-up manuals and recommendations are included in your download too, so you shouldn’t get stuck.
After installing the software, you’re not required to run any security or feature updates on your own. Since The Skilled Trade is connected to the developer database, it routinely scans for changes and automatically updates.
If you encounter any problems whilst using The Skilled Trader, our reviewers also found that it was easy to contact customer support.
As our review shows, the Skilled Trader has a lot going on under the hood. It combines three of the most fundamental trading secrets, which is to chase the big money, regulate risks, and adapt to the market conditions. Together, these elements lead to generating useful trading signals that help the Skilled Trader open, close, or modify positions.
Our reviewers also appreciated that the software is suitable for beginners and that you can choose from three different price plans. MetaTrader support also allows you to try The Skilled Trader with some of the best forex brokers. Download the software now and then use it with the brokers we’ve recommended below.