Frequently Asked Questions

Following the large number of emails received at our office, most of them containing same repeating questions, we have decided to publish them directly on our main site together with the corresponding answers.

Also we wish to use this opportunity to thank everyone, old and new partners, for contacting us. Please do not hesitate to contact us in the future, for any questions or additional information.

Best regards,

Feott Development Team.

Question:

When can we expect a fully operating Feott expert advisor version also for Metatrader 5 platform users?

Answer:

We expect the releasing date of the Feott expert advisor version package for Metatrader 5 platform users to be at the beginning of April 2012.

Question:

What strategy is actually using the Feott expert advisor?

Answer:

Feott expert advisor alerting system is working based on the conjunction of 3 completely different strategies. One is using trend indicators the second one is using oscillators and the third one is based on algorithmic trading (Direct Access Trading Strategies) which uses most historical and statistical data adjusted with repeating pattern sequences.

Question:

Do I have to use the provided template to make sure that the Feott expert advisor to work properly?

Answer:

No, you can simply drag and drop the Feott expert advisor on your existing template, but make sure you check that the expert advisor is on and the settings are those you wish to use.
The template is only showing you a small fraction of what Feott is follwoing at a certain given moment and also it is impossible to put all data Feott expert advisor is looking at in a single template.

Question:

Will there be in the future faster payment methods like Paypal or VISA?

Answer:

No, because our wish is to keep the Feott expert advisor subscription packages as cheap as possible so we avoid unnecessary taxes and commissions.

Question:

Why is human factor still important while using Feott expert advisor?

Answer:

Feott expert advisor is making advanced technical analysis based on server received data on multi timeframe price action. However a certain news or real time event can change the results the algorithm is leading to. Here comes the human factor in action combining the provided results from Feott expert advisor processing power and impact of human processed news and economical events.
The market will start a bullish or bearish movement when Feott alerts you, direction can be influenced by an economical event or live news. Feott expert advisor remains a very powerful trading tool but is not an automatic trading system.

Question:

How is going to help Feott expert advisor a starting trader in the forex market trading?

Answer:

Feott expert advisor will help a trader with its powerful technical analysis capability, besides that it will help him contain his emotions in the trading process, will indicate him when and where to look, when and how a decision should be made. It will help you consolidate and develop your personal trading system.
Remember the more strategies are indicating you an entry point the more traders will use it and the more reliable that entry point will be.