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Question 1: How does the Expert Advisor work?

The Expert Advisor operates based on the principle of diversification by offering 10 different strategies for each currency pair. Each strategy has undergone rigorous testing to ensure its robustness and performance. The main objective is to maintain a Risk Reward ratio greater than 1, which means that the targeted profits for each trade are higher than the potential losses. This approach allows for effective risk management and optimization of profit opportunities. The combination of different strategies and proper risk management contributes to improving the overall performance of the Expert Advisor.

Question 2: On which trading platforms does the Expert Advisor operate?

Our Expert Advisor is designed to operate exclusively on the Metatrader 5 platform. We have developed our solution with a focus on specific integration and optimization for this platform. To ensure optimal performance and a quality user experience, we have chosen to concentrate on Metatrader 5 and have no plans to deploy our Expert Advisor on other trading platforms or versions. We firmly believe in the value and reliability of Metatrader 5 to meet the needs of our users.

Question 3: What are the system requirements for running the Expert Advisor?

To run our Expert Advisor, please consider the following system requirements:

Metatrader 5 platform: Ensure that you are using the Metatrader 5 platform to access all the features of our Expert Advisor. You can download the platform from the official Metatrader website.

Allowance of DLLs and activation of algorithmic trading: In the Metatrader 5 settings, make sure to allow the use of DLLs and activate algorithmic trading. These options are essential for the proper functioning of our Expert Advisor.

Valid license: To use our Expert Advisor, you need to acquire a valid license, which can be purchased from our team. Once you have obtained the license, please enter it in the "SerialKey" field in the Expert Advisor settings.

Internet connection: Ensure that you have a stable and reliable internet connection. The Expert Advisor requires an active connection to receive market data and execute trading operations.

By meeting these system requirements, you will be able to fully enjoy the Expert Advisor and leverage its advanced features to optimize your trading activities.

Question 4: How do I configure and install the Expert Advisor on my trading platform?

To configure and install our Expert Advisor on your trading platform, please follow the steps below:

Purchasing the license: Firstly, ensure that you have purchased a license for our Expert Advisor. You can make the purchase on our Home page.

Downloading the file: Once the purchase is complete, you will be able to download the Expert Advisor file from your client page. Download the compressed file in ZIP format.

Extracting the file: After downloading the file, extract its contents. You will find two folders: "Expert" and "Libraries".

Accessing the data folder: Open your Metatrader 5 platform and go to the "File" option in the top menu bar. Select "Open Data Folder" from the dropdown menu. This will take you to the Metatrader data folder.

Inserting the folders: In the data folder, locate the "MQL5" folder and open it. Inside, you will find subfolders named "Experts" and "Libraries". These are the folders where you need to insert the corresponding folders extracted from the compressed file. Copy the contents of the "Expert" folder into the "Experts" folder, and the contents of the "Libraries" folder into the "Libraries" folder.

After following these steps, you will have successfully configured and installed our Expert Advisor on your Metatrader platform. You can then use it to automate your trading operations.

Question 5: Should I use a VPS for the Expert Advisor?

It is recommended to use a Virtual Private Server (VPS) to optimize the performance of our Expert Advisor and ensure constant market monitoring. Here are a few reasons why using a VPS is preferable:

Continuous monitoring: With a VPS, your Expert Advisor can monitor market movements constantly, even when your personal computer is turned off or disconnected. This ensures that you won't miss any important trading opportunities.

Stable Internet connection: VPS providers typically offer high-speed and reliable Internet connectivity, which is essential for accurate and fast execution of trading operations. This helps avoid issues with latency or intermittent disconnections.

Enhanced security: By using a VPS, you benefit from an additional layer of security as your data and Expert Advisor are hosted on secure remote servers. This reduces the risks associated with hardware failures, viruses, or cyber attacks.

Optimized performance: VPS systems are typically equipped with dedicated hardware resources such as processing power and memory. This allows your Expert Advisor to function smoothly and responsively without being affected by other applications or processes running on your personal computer.

Flexible accessibility: With a VPS, you can access your trading platform and manage your Expert Advisor from any internet-connected device, whether it's a computer, tablet, or smartphone. This offers increased flexibility to monitor your trading operations anytime and from anywhere.

In summary, while using a VPS is not mandatory, it is highly recommended to maximize the performance of our Expert Advisor, ensure continuous market monitoring, and benefit from improved accessibility.

Question 6: What VPS do you recommend for using the Expert Advisor?

When it comes to choosing a Virtual Private Server (VPS) for using our Expert Advisor, you have the freedom to choose the provider that suits you best. Here are some recommendations to consider during your selection:

MQL5 VPS: The VPS service offered by MQL5 is a popular choice among traders using Metatrader 5. It provides seamless integration with the trading platform, making it easier to set up and manage your Expert Advisor.

Third-party VPS providers: You can also opt for other third-party VPS providers that offer services tailored to the needs of traders. Some well-known providers include Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, and Vultr. Make sure to choose a reputable and reliable provider.

When choosing a VPS, here are some important criteria to consider:

Server location: Opt for a VPS with servers located close to major financial centers or your broker's trading servers. This will reduce latency and improve trade execution speed.

Reliability and availability: Check the reliability of the VPS provider by reviewing user feedback and verifying their uptime history. Ensure that the provider guarantees high uptime and has adequate backup measures in place to protect your data.

Hardware resources: Ensure that the VPS offers sufficient hardware resources to run your Expert Advisor smoothly. Check the amount of RAM, storage capacity, processor power, etc.

User-friendliness: Choose a VPS that provides a user-friendly interface and simple management tools. This will make it easier to set up, monitor, and manage your Expert Advisor.

Technical support: Check if the VPS provider offers responsive and knowledgeable technical support to assist you in case of issues or questions.

It is essential to note that the Expert Advisor is not sensitive to the specific VPS environment. As long as you have a stable internet connection, enable DLLs, and activate algorithmic trading in Metatrader 5, you should be able to successfully run the Expert Advisor on different VPS providers.

In summary, you can choose the VPS that best suits your needs and preferences. Make sure to consider criteria such as server location, reliability, hardware resources, user-friendliness, and technical support during your selection.

Question 7: What broker do you recommend for using the Expert Advisor?

As the provider of the Expert Advisor, we do not recommend any specific broker. However, it is important to consider certain factors when choosing a broker to use our Expert Advisor. Here are some factors to consider:

Regulation: Choose a broker regulated by a reputable financial authority. This ensures the safety of your funds and proper regulatory oversight.

Platform compatibility: Check if the broker offers the Metatrader 5 trading platform as it is the platform compatible with our Expert Advisor. Ensure that the broker provides a stable and reliable version of the platform.

Order execution: Inquire about the broker's order execution quality. Fast and reliable order execution is crucial to fully benefit from the Expert Advisor.

Spreads and commissions: Compare the spreads and commissions offered by different brokers. Reasonable fees can have a significant impact on your long-term profitability.

Account types: Check the types of accounts available and choose the one that best suits your trading style and specific needs. Some brokers offer accounts tailored for automated trading.

Customer support: Verify the availability and responsiveness of the broker's customer support. It is important to have reliable assistance in case of technical issues or questions related to using the Expert Advisor.

Reputation: Conduct research on the broker's reputation by reading user reviews, checking trading forums, and verifying their financial stability. A good reputation is an indicator of trustworthiness.

Additionally, if you plan to use the hedging feature in your trading strategy, make sure to choose a broker that allows this practice.

It is recommended to open a demo account with several potential brokers and test the Expert Advisor under real conditions before making a final decision.

In conclusion, the choice of a broker depends on your individual needs and personal preference. Take the time to compare brokers and conduct thorough research to choose the one that best fits your trading goals and operating style.

Question 8: What capital do you recommend for using the Expert Advisor?

The recommended capital for using our Expert Advisor depends on several factors, such as the type of account you are using, your risk tolerance, and your trading goals. However, here are some general guidelines:

For using Zyra Bronze with all currencies enabled, we recommend a capital of around €700. This allows for optimal diversification and coverage of potential market fluctuations.

For using Zyra Silver with all currencies enabled, we recommend a capital of around €2,900. Zyra Silver offers more advanced strategies and higher potential returns, which require a larger capital to fully benefit from its features.

For using Zyra Gold with all currencies enabled, we recommend a capital of around €5,800. Zyra Gold offers advanced features, more complex strategies, and increased market exposure, necessitating a more substantial capital for effective position management.

It is important to note that these recommendations are provided as indicative and may vary depending on your personal risk profile and trading goals. It is always advised to start with capital you can afford to lose and gradually adjust based on your results and experience.

We also encourage you to consult a financial advisor or trading professional for personalized recommendations based on your financial situation and specific goals.

Remember that prudent capital management is crucial in trading, and it is important not to invest funds that you cannot afford to lose.

Question 9: What leverage do you recommend for using the Expert Advisor?

The choice of leverage depends on your capital, risk tolerance, and position management strategy. The Expert Advisor can work with different levels of leverage, and it is important to consider certain factors before deciding on the leverage to use. Here are some points to consider:

Available capital: Evaluate the size of your trading capital and ensure you have enough margin to cover market fluctuations. The larger your capital, the more you may consider using higher leverage. However, it is essential not to overexpose your account and maintain adequate margin to handle market movements.

Risk tolerance: Evaluate your personal risk tolerance. If you prefer a more conservative approach, it may be wise to use lower leverage to limit the magnitude of potential losses. On the other hand, if you are comfortable with higher risk, you may consider using higher leverage to take advantage of larger market moves.

It is important to note that using high leverage also carries higher risks. Mishandling leverage can lead to significant losses. Make sure to understand the implications of leverage and adjust your usage based on your experience and understanding of the market.

Question 10: What is your best advice for managing a trade after it has gone into profit?

My approach to managing trades in profit with Zyra Expert Advisor is based on a combination of automated strategies aimed at optimizing gains while minimizing risks.

First and foremost, I generally prioritize letting winning positions realize their profit potential. Zyra EA is designed to target a Risk-Reward ratio of over 2, meaning that the Take Profit is set to capture a larger profit than the potential loss of the Stop Loss.

Depending on the specific strategy used, I have implemented various techniques for managing trades in profit. For some positions, I have applied breakeven, which automatically moves the Stop Loss to the entry level once the trade has reached a certain profit level. This allows me to protect the invested capital and secure a portion of the gains achieved so far.

Other positions are managed with an automatic trailing stop. This trailing stop follows the price favorably as it evolves, progressively locking in gains while allowing the trade to continue seeking additional profit opportunities.

Certain positions remain open until the defined Take Profit is reached, aiming to maximize profit potential based on the underlying trend identified by Zyra EA.

However, I also remain vigilant and closely monitor the market. If the conditions that initially triggered the trade are no longer valid, Zyra EA can automatically close the position to secure the gains made so far and avoid exposure to an invalidated signal.

In swing trading, it is essential to give trades time to develop and rely on underlying trends. Positions can remain open for several days or longer, depending on the strategy and market movements.

In summary, my strategy for managing trades in profit with Zyra EA combines automated approaches such as trailing stop, breakeven, and Take Profit, while also recognizing the importance of giving trades time to flourish. This approach aims to maximize profit potential while managing risk in a consistent and disciplined manner.

Question 11: What is the difference between Zyra Bronze Version 1 and Version 2?

The main difference between Zyra Bronze Version 1 and Version 2 lies in diversification. Version 1 comprises only 7 symbols, limiting the variety of trading opportunities. To address this limitation, Version 1 offers a Hedging mode, activating 10 distinct strategies for each symbol, totaling 70 strategies. However, it's essential to note that optimal management using Hedging mode typically requires a recommended capital of $7,000.

If you prefer to use a single strategy per symbol, Version 1 also provides a One Shot mode, opening one strategy per symbol, totaling 7. It's important to understand that these 7 strategies are not included in the Silver and Gold versions of Zyra.

Conversely, Zyra Bronze Version 2 consists solely of 7 strategies, meaning that $700 is sufficient capital to start trading. What sets Version 2 apart is that these 7 strategies are also present in the Silver and Gold versions of Zyra, offering continuity and consistency in your trading experience.