The Cannabis Software is an automated trading software for CFD stock market investors, that opened in January 2019. This Cannabis Stocks auto-trader is connected with a variety CFD stock brokers, including some licensed brokers like EuropeFX, and other unlicensed brokers.
We reviewed this CFD shares trading robot, we immediately noticed how professionally it was made. They actually have a software that you can see how it works before you deposit money.
Cannabis Software Reviews
The Cannabis Software software is a very nice and easy to use, algorithm trading software. When comparing and choosing an automated trading system, the first item we look for is the ability to choose a licensed broker, and the second thing we look at are the settings available for us to configure. Configuring this software takes about 30 seconds!
The software uses a basic trading strategy that is based on technical indicators, if such a thing exists in the volatile world of 4,000 company stocks. We like how it has risk management settings, with the ability to set a daily stop-loss and take profits amount. The Cannabis Software Robot randomly assigned us a CFD broker called EuropeFX, which is regulated by CySEC.
You can see in the screenshot below, all of the settings for configuring the trading robot.
Cannabis Software Settings
Risk Management: The 6 risk management settings are there to let you control your default trade size and minimize losses from bad signals. It is always smart to set the Max Daily Trades number very low.
We have seen trading systems that can generate 100 trades in one hour. The Max Concurrent Trades setting is for you to limit, how many open trades are happening at the same time.
Asset Selection: The signals generated by the trading robot are for CFD’s on stocks in the Cannabis space. You can select which underlying assets the robot will trade for you. Right now there are 10 company stocks available, including the popular Canopy Growth and Aurora.
Asset selection is very important because algorithms can sometimes be profitable during normal market conditions, and then lose money during fast moving / volatile markets.
Demo Trading: You will be able to take a tour of the trading software once you are inside the trading room. Just remember, demo trading is not real, and will only show profits. Their purpose of a demo is to show you the features of the software, but not the true trading signals or results.
Cannabis CFD Brokers
Cannabis Software connects with a variety of brokers both unregulated and regulated.
A huge problem with trading CFD’s, are the many offshore scam brokers that steal your money, and are not regulated by a government authority. Many trading robots we have reviewed looked good, but they do not work with licensed brokers which means they are a scam.
It is extremely important that you only invest money, with a broker that you have verified is licensed in your country.
The Official Website was at: TheCannabiSoftware.com.
