Forex Executor Pro is getting highly positive reviews as an important plugin in this new age of Forex trading. As the NFA made certain orders impossible for US brokers to effectively apply like Stop Loss, Take Profit, and OCO orders, it seemed that the happy days of Forex trading in the US were over. Many traders have even taken the extreme and difficult step of moving their accounts to an overseas broker, not a recommended move at all.This is where Forex Executor Pro comes in handy. It's a plugin which allows you to continue working with US based brokers and still place those orders legitimately. You can say that in this period of time, anyone who's using Forex Executor Pro has an advantage over other traders in the market.
But this plug-in isn't perfect by no means. In fact, it has both good things and bad things. Let's see what the pros and cons of Forex Executor Pro are:
Pros:
* Allows you to place Stop Loss, Breakeven, Take Profit, and OCO in accordance to NFA regulations.
* Keeps your orders hidden from your broker and prevents brokerage manipulation.
* Provides you with an easy to use interface which plugs in perfectly with your Meta trader platform.
* Gives you text message alerts or email alerts regarding your trades. All these alerts are for free
Cons:
* It only works with the MT4 trading platform. Now this is the most popular trading platform in the world, and it's free to download and use, but this is still a con.
Overall, Forex Executor Pro is a highly recommended tool for any serious Forex trader who wishes to continue to employ the same freedom and flexibility before the NFA enacted these new regulations and have a distinct advantage over most traders in the market.
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