ForexRobot Software Review

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Forex Demo Account

After the markets’ crash in 2008, Forex & CFDs Trading became very popular among traders. They give chance to people with zero experience to join the trading world. Forex also do not involve the actual buying and selling of assets, there is no transfer of ownership and Forex traders cannot suffer losses from a sudden devaluation of the asset portfolio.

Forex robots are automated algorithms that help traders to predict the market. Forex robots are extremely useful for beginners because of their ability to place trades on autopilot.

Get Started With 3 Easy Steps

Choose a robot from the list below:

Robot Win Ratio Open Account
95% Read Review
83% Read Review
Up to 200% Read Review

Register a robot account

I personally use 3 different robots to diversity my risk. It is highly recommended that you start with at least 2 robots.

Start trading and collect profits

Fund trading account

$250 is the minimum amount to start. You can withdraw It anytime.

Switch auto-trading ON

The software will start trading the financial markets online.

Withdrawal requests are typically fulfilled in 2 working days.

How Can I Start Trading to Generate Profit?

Using Forex robots does not require previous knowledge or any experience because robots are automated and can run on autopilot. Forex are the easiest financial derivative to understand and trade. You can invest in Forex and CFDs trading from the comfort of your home and on the go with the available trading apps.

Opening an account takes less than 2 minutes and can be done via desktop or mobile device.

The trading process can be constant and uninterrupted. The Forex robot will make investments in your stead in accordance with the rules you have set for it. Most robots stop trading after they have reached a certain trading volume turnover and with regard to the level of risk you have set. Of course, it is possible for you to end the trading process yourself with the click of a button which deactivates the trading systems and leaves it on stand by for the next trading session.

A lot of trading robots nowadays offer different tools for risk control and management, for the benefit of the trader. Forex trading software that offers quality risk management strategies, have an advantage over their competition.

Connection Between Forex & Risk Management

“ The present value of a BO is a function of two variables:

– the probability for a firm value to fall below a given level;

– the payoff in the event of such a drop

By substituting the payoff with another estimate which shows the additional loss in value once it falls to a certain level, management can use the Forex pricing model to estimate the expected present value of the costs. “

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Why Using Forex Robot?

Trading robots have obvious advantages when it comes to investing in Forex. They can run on autopilot, which eliminates the learning curve; they provide high returns and the reliable robots have high winning ratios. Authentic systems are compatible with trustworthy brokers and they can also accommodate the needs of beginners.

80% of the clients experience significant profits in the first 2 weeks. Anybody can register and use the software without knowledge on the financial markets.

As we mentioned above, with Forex there is no transfer of ownership over the asset you choose to trade with. You only need to determine the direction in which the value of your asset of choice is going to go [3] . With the Forex robot, that decision is made for you by the trading system itself. Complex algorithms and enhanced software give reliable robots a success rate between 80% and 90%. This means that 9 out of 10 times the trading system will place a winning trade. A Forex robot is a good choice for trading online because it offers high returns, requires no knowledge of the financial markets and does all the work needed to succeed for you.

Testimonials

I have always dreamed of the luxury life of all those Wall Street boys in their expensive suits. I realized that slavering away in a 9 to 5 job wouldn’t do the trick. I chose to trade with a Forex robot because I have no experience in the field, though I’ve always been interested in the financial sphere. And everyday my robot helps me get closer to the dream life. I got the chance of a lifetime and I’m really happy I did not miss it.

Andrew, 44, Librarian

I spent my whole life studying in order to be able to have a better life. My degree couldn’t help me find a well paid job and the worst part is that I was drowning in student loans. I graduated economics and I have a pretty good idea of how financial markets work. My skepticism was in excess when I first heard of Forex. Now I am profiting daily with a Forex robot, which I can use manually when I am in the mood or to let it run on autopilot if I do not have time to sit in front of the computer screen. Soon I would manage to pay off my loans completely and I also have some savings on the side. Forex and CFDs trading can be turned into a profession with the help of trading systems.

Jeremy, 27, Cashier

Forex trading became an obsession of mine. It is so easy. Forex robots help me develop my trading skills further. I really like playing with the different settings provided for customization from the robot. To see if I can profit even more. Every day is better than the previous. I have been trading for the past 2 years and will definitely continue to do so until I am sure I can afford myself to live comfortably for the rest of my days, and that I can still support my family.

Samantha, 36, Trader

Choosing the Right Robot

Success is determined by the choice of the right trading robot. If you fall for the so-called scam systems, you will accumulate losses instead of profits. Making the right choice involves a lot of research and time devoted to investigating.

And even though robots save a lot of time, you have to do the hard work before you start with a profitable system.

ProTip:

Scammers rely on the fact that their promotion would sound tempting enough so that traders won’t investigate and rush into a sign up.

Always investigate before joining any system!

We at Top10BinaryDemo have done the hard work that comes before the actual trading begins. We have made thorough investigations in order to save some time for you. Our investigations include exclusive insights and helpful tips.

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Best Forex Robots Reviews

Bitcoin Trader System– Cream Of The Crypto Trading Crop!

Bitcoin Trader System is one of the most preferred cryptocurrency exchange apps that are currently available in the digital market. A defining characteristic is the fact that it was not designed by a single individual like most other crypto trading solutions. Instead, a whole team of software development, data analysis, and investment experts joined forces in order to create a superior product which specifically targets and is directed at the Altcoin sector.

As its name suggests, the crypto robot constantly searches for lucrative and remunerative trading opportunities with the hottest asset to have nowadays – Bitcoin. But it also scans the markets for fruitful price movements of all the other crypto-coins, featured in the list of cryptocurrency by market cap.

It double-verifies the information it comes across and it suggests it to the client in the form of trading alerts. The user can decide for himself whether or not he desires further assistance or prefers to invest manually, applying all the strategies that he or she has acquired in their years of experience.

There are also several other key features:

  • 24/7 Client Service;
  • Partners Only With Regulated & Well-Respected Cryptocurrency Exchange Platforms;
  • Offers Access to A Solid Educational Base
  • Has A Stop-Loss & A Reverse Trading Feature;
  • 3 MMS;
  • 6 Technical Indicators;
  • Easy To Navigate Through & Customize Trading Platform;
  • Those who wish to get started with the Bitcoin investment software should keep in mind that the free daily licenses have a limited number. The reason for this is for the machine-learning algorithm to process data correctly and provide everyone with equal opportunities to achieve favorable results.

Those who wish to secure a spot have to hurry up as the daily limit is easily exhausted!

Bitcoin Trader System is a legit and authentic crypto trading app which has been delivering steady and consistent results to all of its clients. Choosing not to register would be a mistake.

DigiTroniq System Insights

Trayton Boyer and his engineering team are the creators of the new DigiTroniq system. It is one of the most promising and innovative software platforms operating in the industry.

The essence of the investment solution lies in the satisfaction of its users. Its creators developed it with the clients in mind. Everything about the solution has been adjusted to correspond with the intricate nature of Forex and CFD trading.

DigiTroniq is one of the leading Forex trading solutions with a verified success rate, stable over the 90%.

The focus of the software is to exploit the lucrative opportunities presented by the so-called disruptive technologies. It utilizes Artificial Intelligence and Deep Reinforcement Learning to make accurate forecasts and asset analyses.

The creators of the system have optimized it in such a way that it allows complete novices and investment professionals to have equal opportunities. Everyone profits for themselves, this is not a competition. Your level of skills and knowledge is not going to affect your investments and returns. Because the software can guide you in the right direction when investing, and negate the possible mistakes you might make.

You can acquire the fully-optimized profit-enhancing investment solution DigiTroniq for free. There are no subscription fees or additional payments. The only thing to keep in mind is the daily spot limit. You have a 24-hour window to get one of the free licenses before they are over. If they have been exhausted, you will have to wait for the next day when registrations begin again.

After registering, your account balance is going to be empty. Make a small deposit of $250 and start placing trades mere hours after you first visited the platform’s website. Everything is quick and easy; only you will have access to the money, and a say in what happens to your funds.

The DigiTroniq software is not a scam, global investigators have verified its safety. Reserving a free spot on the platform is the first step toward trading with one of the most beneficial systems on the market.

Bitcoin Loophole In a Few Words

Bitcoin Loophole is an investment software developed by Steve McKay and released during the rise of the cryptocurrency craze. It focuses on the price movements of various crypto assets. These include the most popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and other well-known Altcoins.

The Bitcoin Loophole maintains a high level of accuracy, more than 87%, that has been verified and confirmed by independent traders.

To trade cryptocurrencies under various derivates is of interest to many people. But it is not always an easy thing to do. The Bitcoin Loophole provides adequate, timely, and near-perfect assistance in the processes. Its state-of-the-art technology allows complete newbies to enter the market and take advantage of all the lucrative opportunities it presents to them.

Unlike most sophisticated investment platforms, the Bitcoin Loophole does not require technical knowledge or additional payments. You can use all of its capabilities entirely for free. Here’s how:

1. Visit the official website of the system;

2. Complete the registration form;

3. Fund your newly created investment account.

Start with a small initial deposit of $250. Remember that the system does not require fees or payments. These funds are for you, to have capital at your disposal so that you can place investments.

Independent investigators have confirmed the reliability of the system. The Bitcoin Loophole is not a scam; you can trade safely with it, your personal information is encrypted. All in the name of safety and protection. Experience a lucrative and user-friendly environment when you trade cryptocurrencies by subscribing for one of the free spots now.

Make Money Online with Forex Robot

People turn to Forex because it is an easy way to make significant and steady profits. The most recommended trading robot supported by Top10BinaryDemo has been tested on multiple occasions. It shows competitive results, better than the average of the industry. We monitor its performance constantly, to make sure that the provided results are consistent and there is no decline in the quality of the service. You can read a detailed review of Fintech LTD , our current recommended Forex robot.

We highly recommend using tested and approved Forex robot in order to avoid unpleasant experiences. You can choose from our list or make your own research.

All of the trades are executed on an online platform that will work on every device and across all operating systems. The winning ratio is above 83% and the robot has made for itself a very good reputation in the industry. It is one of the robots that have been active the longest. We understand that you, as a trader, strive for consistent results and reliability. With this Forex robot, you get both.

Forex Robot’s Alternatives

Forex robots are so popular in the industry because they provide people with the opportunity to trade automatically. This eliminates the learning curve and the need of previous knowledge or experience. Alternatively, you can also trade directly with a broker or by using Forex signal providers.

Forex brokers are platform providers for online investments. They are the ones you get connected to when you join a Forex robot. Forex brokers do not offer automated trading.

As an alternative you can trade with a Forex broker that is safe and regulated by a financial authority such as CySEC.

Our recommended Forex broker is Stox Market.

On the other hand, they have dedicated account managers and if you invest a higher amount as a starting capital, you will be eligible for one. Account managers can trade in your stead if you give them your permission.

Some brokers also offer demo accounts which allow you to get acquainted with the platform and invest “dummy” funds before funding a live trading account. Among the most reliable brokers are those that hold a license and are regulated by financial institutions like CySEC (Cyprus Securities & Exchange Commission) . [4]

Signal providers offer a service concerning the outcome of your trades. Signals are compiled either by real traders or algorithms, based on the analyses of data and value movements. These signals are sent to the trader and you can choose whether to act on them. Signal providers can be independent services or integrated with a broker or robot platforms. You can receive the signals via multiple channels, including e-mail or phone message. A downside of signal services is that the signals become unreliable the more time has passed after they have been received.

Our recommended Forex signals provider is Bitcoin Profit ™.

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Pros & Cons of Forex Robots

There are a lot of positive sides to Forex robots, as well as some negative ones. But the pros and possibility for a profit outweigh the cons. The following list combines the main negative and positive characteristics of the so-called trading bots.

  • Require no trading knowledge or previous experience
  • Work on complete autopilot
  • Offer swift & significant profits
  • They are easy to navigate & operate with
  • Offer user-friendly environment suitable for beginners
  • Easy to set up & get started with
  • Free of charge
  • Saturated market – too many to choose from, hides a risk of scam
  • Education is rarely offered
  • Lack of support
  1. Consider the first negative aspect – trusting a scam can be avoided by making thorough research and reading a lot of reviews before actually signing up and depositing funds. Our team here at Top10BinaryDemo wants to assist you exactly with that – we compile detailed reviews, we inform you on the reliable alternatives and warn you against the scam.
  2. Consider the second negative aspect – historically, very few robots have provided their clients with educational sections that can help you develop better trading skills. On the other hand, due to the fact that you get connected to a broker platform, there you can get access to different training resources compiled by the broker. Some materials are offered for free, and the exclusive ones become available after you have funded your trading account.

In other words, you can take counter measures against both of the drawbacks of Forex trading systems.

How Does a Forex Robot Work?

The usage of Forex trading software is easy as one-two-three. The main purpose of this type of automated Forex trading is to help the new traders with no previous experience to become more successful and to make profits based on their investments.

Forex Robots use sophisticated algorithms to predict the market value of an asset. Unlike humans, Forex robots have no emotions and can work 24/7.

The Forex robot software is based on advanced computing technology in order to make the monitoring process more accurate and the results more profitable. As an extremely time-saving trading solutions the Forex robots are one of the most attractive methods of investing on the financial markets.

Step 1: Collecting & Analyzing Market Data

The auto trading software uses Forex signals which are generated by highly sophisticated algorithms. To predict the market changes and the price movements of each asset a huge amount of trading volume data and historical information has been compared and analyzed.

Step 2: Placing The Trade

When the process of analyzing and identifying the market trends and conditions has ended, the Forex robot software chooses the best trading opportunity and places the trade.

Forex robots work in a similar way. Slight changes and the usage of different theoretical foundations give some systems and edge over other. Innovators are the ones that hold the competitive advantage.

Facts About Forex Robots

“Forex can be referred to as contracts on prediction markets, since Forex are cash-or-nothing instruments for trading online. You predict the direction of the change in value and place a trade according to that prediction. [1]

With the expansion of the Forex industry, diversity spiked in the tools which can enable investors. Most significant growth in popularity have the so-called Forex robots for a number of reasons.

  • Fact 1, Forex robots are free. It is a common practice for their creators to release them for free. They act as a medium between the trader and the broker platform, from where the trading information is taken.
  • Fact 2, Forex robots work on autopilot for the benefit of the trader. They utilize the power of complex algorithms which allow them to achieve high accuracy rates and execute trades independently automatically, if their autopilot is activated. This allows investors to spend less time in front of a monitor.
  • Fact 3, Forex robots are built with the user in mind. Quality trading systems offer a simple interface that can be easily navigated by people without any trading experience.

Apart from that, Forex robots often come with numerous special features which enhance the trading experience of the user and can significantly increase profitability. Among the most popular of trading bots are the ones offering risk control and management of trades, including reverse trading and stop-loss features. Developers try to create innovative and efficient features that can benefit the trader and his or her investments.

Top10BinaryDemo’s Contribution

Forex have been around for a while now. So have Forex investigators like us at Top10BinaryDemo. They are popular because of their simplicity. And with the creation of Forex robots, even more people can join the industry and get a taste of the trading world.

We at Top10BinaryDemo strive to provide unbiased and detailed information on the available tools for online trading.

Since the industry is so popular, it is expected that scams would pop-up every single day in an effort to attract customers and rip them off. We offer you prevention and protection against scam. On our website you can find helpful information on various systems, gathered in the course of lengthy investigations and trading tests. We provide you with the opportunity to choose wisely and trade smart. And these are two of the main ingredients of success.

GPS forex robot

Name GPSForexRobot
Website gpsforexrobot.com
Type EXPERT ADVISOR
Platform MetaTrader
Developer Other
Statement
Free
Price 149 $
– ProfitF BONUS:

We don’t recommend this EA .

GPS forex robot (official website) is a forex trading robot which has been modified and refined in later versions, and today it claims to have a smoother profit curve, as well as some customizable features. It was developed by Mark Larsen and his team of programming experts. All in all, this forex robot does have something proprietary to it, as it senses more metrics in the market than just a simple moving average crossover, and a few momentum metrics. So it does have some proven profitability. This robot has managed to do fairly well in actual trading tests, and has shown enduring profitability, with an average drawdown of around 12%, when markets trade smoothly. And the ratio of winning to losing trades is actually 90 to 10 or so, but certainly not 98 to 2 as the creators claim.

Developer – Mark Larsen

Trading Style – Trend trading, Martingale, Stop and Reverse

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Forex pairs – EURUSD, EURCHF, EURGBP, USDCHF

TF (TimeFrame) – any

Broker – Any with MT4

Recommended Minimum deposit – $100

Price – $149

Refund policy – 60 Days Money back guarantee (through ClickBank payment processor)

GPS EA – Myfxbook statement:

Real (USD), FX Choice, Technical, Automated, 1:200 , MetaTrader 4

GPS forex robot has proven to create large amounts of profits, over several months, in the range of 10s of $1,000s, at various times, when things are relatively smooth and a large enough trading account is used. There is definitely some work and effort that has been put in the design of the Expert Advisor this robot uses. The reality however is that it has also ruined many small accounts, usually under $1,000 accounts, where the users thought they would achieve just as good results. Not exact trading settings are known for these accounts, but they probably failed because these users failed to understand certain risks. So, there is an element of irony here, how can the software that generates $100k in one account, over several months, end up blowing some other smaller accounts? It all comes down to money management, rather than account size. Forex robot users need to understand that even automated trading software is not really fully automated, they still need to spend some time watching the market charts, and the volatility over the next 10 – 20 days. Only after the volatility has been assessed, they should enable the robots to trade their accounts.

Under smooth volatility conditions, the GPS FX robot can indeed generate effortless profits day after day. Actual expected drawdown is usually up to 12%, and in adverse cases up to 20%, but the robot still manages to trade profitably, albeit doing so at much higher risk. So the lower the drawdown, the better, even if profitability is less.

Use of the Stop and Reverse Strategy

The GPS forex EA does use a Stop and Reverse strategy, which many traders use in manual trading, there is nothing wrong with that. There is however misrepresentation in the way that the product is being marketed, claiming that it does not use a Martingale strategy. (read more about Martingale in Forex)

There is an element of risk here, since the creators argue that there is no Martingale strategy involved in the software, but as you can clearly see the GPS forex robot uses a strategy known as Stop and Reverse. If a losing trade occurs, the software senses the criteria for opening a much larger trade in the opposite direction. As you can see on the above actual MT4 statement, the hedging trade is 7 times larger in size than the losing trade, that is classic Martingale strategy ;-(. So in reality there is risk involved, that is risk of unforeseen volatility which could trick the software into a series of losing trades, which would end up blowing even a very large trading account completely.

The Volatility Risk

Market volatility is a big risk for all investors and traders, at all time frames. Unforeseen volatility can ruin even the largest trading accounts, because there is no easy way for implementing money management. Traders use a certain money management technique, but volatility can still trick the trader or the automated software, into making trades where the market fails to move enough in one direction, or where too much confusion is created.

Users need to pay attention to their market charts, and volatility especially. GPS forex robot is capable of blowing even a very large account. The fact that small accounts were blown but other large accounts made big profits using this product, is more down to the careful meticulous use of the large account users, in regards to volatility and settings, and not down to account size. It does use a Martingale kind of strategy, which is why the robot is capable of recovering big losses, and it does it successfully most of the time, but not 100% of the time. There are times where it can fail catastrophically if weird volatility phenomena take place, which could trigger one losing trade after another, increasing the trading size each time, thereby blowing the account. It is similar to arguing how big airliners fly, they do use a great deal of automation software, but even this automation is not enough to get you from A to B 100% safely. If the airliner encounters some weird turbulence there is a remote but still existing possibility, that it will crash. As the turbulence can fool the software, under certain conditions, and make it do all the wrong things. Which is why despite all automation, pilots are still in charge of all flights. It’s the same with this software that the GPS forex robot uses, users need to use careful settings, opt for the settings that offer the lowest drawdown, at even the lowest profitability, and of course pay attention to volatility forecasts over the next 10 to 20 days. Dealing with volatility and being well prepared for volatility changes, will help remove most of the hidden risks, and will ensure realistic, profitable results all year round.

We don’t recommend this EA .

Reaper Forex Robot review: Is forexrobottrader.com a Scam?

Reaper Forex Robot review: Is forexrobottrader.com a Scam?

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Last Updated: Apr 23, 2020 @ 1:52 pm

Reaper Forex robot is just among the many expert advisors developed by a team known as Forex Robot Trader. We have reviewed them here before. However, this is the first time we are shedding light on the Reaper Forex robot. The developer believes that this robot will change how we trade the Forex market place. Because we have reviewed their other systems before, we doubt whether this developer will be able to sell a product that really performs as claimed on the sales page. By the way, their previous products have not been able to perform according to expectation and we do not believe that the Reaper Forex robot will be any better.

Therefore, based on this assumption, we want to dig in just to see whether this team will give us the transparency that we desire this time round. It should come to your attention that the Forex robot Trader is a long time vendor who has been around for some time. But it’s not clear who is currently running the website after the demise of the owner. The website is quite impressive by just looking at it. It is not clear whether the people who took over after the demise of the owner are Forex traders or marketers. We have considered the flashy elements and the speed with which the site pages are loading and have come to the conclusion that this website is probably in the hands of internet marketers as opposed to traders.

Therefore, if you are here because you are looking for an expert advisor, we are asking you to click this link because we have prepared the best trading resources and published them on that page for your use.

To get in touch with support, one can send an email or open a ticket on the website. When you visit the landing page, what to do should be quite obvious because everything is laid out there in black and white.

Reaper Forex robot review

This team promises that this expert advisor will tip the scale by taking trades that even the brokers will never manipulate. This paranoid thought has also been reflected in their other sales pages. In every product they sell on the internet, they at least mention this theory although nobody has ever come up with proof to show that brokers are manipulating trades. It remains suspicious until it is proven.

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We need to conclude as at now that the Forex market place is very transparent and as long as you are trading with a regulated broker, there is nothing to be afraid of. Whatever else that expert advisor sellers tell you is based on rumors with no substance or the developers are simply trying to sell a product. So they have to come up with stories that will make you purchase the product without a second thought.

In terms of the strategy that the Reaper Forex robot uses, the developer tells us that the strategy focuses on daily price breaks in order to take advantage of ‘’explosive trades’’. According to the explanation, we understand it that the robot looks for hidden support and resistance areas where the price is likely to experience sharp reversals. These areas can potentially net huge profits. Whereas this step is not as detailed as we would want it to be, it at least goes to a level that many expert advisor developers cannot reach. By the way, this is one step in the right direction.

The developer also claims that trading is about patience and more so with this strategy, it requires a lot of patience. The Reaper Forex robot trades all Forex pairs and costs $99 per license. We already know that the strategy focuses on exploring support and resistance zones. One thing we realize with this Forex robot is that it does not focus on a specific pair since it trades nearly all pairs. While many will believe that this is an advantage, the careful trader will see that the strategy that the software uses is not likely to work with all Forex pairs. It will work well with one or two pairs but fail terribly with other pairs. That is just what happens when Forex robot developers decide to create robots that don’t focus on specific pairs in the Forex market place.

The software goes for $99 but this is because the vendor claims that he is giving a 50% discount. You have to understand that when such vendors claim that they are giving a discount, it’s because they want you to make a purchase and not because they will raise price any time soon. This is just something which they have done to increase their sales and you can rest assured that price will never increase.

Trading performance

The Reaper Forex robot has performance that is quite unrealistic as they claim that in the last thirty days, the robot has generated returns of up to $119,000. To prove that this is the truth, they have provided us with an old method of proving numbers. Instead of using myfxbook to showcase their trading results, they use a screenshot showing numbers which could have easily been manipulated. If indeed Reaper Forex robot is this profitable, we don’t believe that the cost of a license would be going for $99. And we also believe that they would be more confident with their trading statements. Instead of hiding behind fake results, they would be showing us a live myfxbook account that updates the activities of the robot by the minute.

Our best advice for you

The Reaper Forex robot is not the type of product one would trust because the developer is obviously not transparent with their figures. We appreciate transparency here and if we cannot get it, we often conclude that the product in question is deceptive and possibly fraudulent. For that reason, we are advising traders to only invest in legit trading resources with proven trading performance. Some of those products can be found on this page, just in case you want to get started now.

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