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Please advise with Forex Robot

verolondon
Oct 22 2013 at 06:07
1 posts
Hey boys,
Nearly 2 weeks I am reading about forex robots, I found out this website, it seems trustable...BUT in reviews about Expert Advisors the feedbacks are only till 2012..Anybody use some trustable ans profitable EA?
I am a girl, and to be honest it's my first expierice.
Please recommend 2-3 good robots:)

Thanks a lot!😎

adrian8891 (adrian8891)
Oct 22 2013 at 07:30
696 posts
Thalantas
Oct 22 2013 at 10:29
192 posts
Verolondon you want to pay attention to the Drawdown (DD) of each robot (if you are not looking for insane performance = insane returns). Usually a DD shouldn't go past 15-20% maximum.

I would say that you can start by checking the most popular (https://www.myfxbook.com/most-popular-forex-systems) eliminating them one by one based on return vs drawdown and then check on internet for most people's point of view.

EAs change really fast and its rare to find one that's been profitable and still is.

A smooth sea never made a skillful sailor.
CrazyTrader (CrazyTrader)
Oct 22 2013 at 11:51
1718 posts
Alpscalp (Alpscalp)
Oct 22 2013 at 15:06
113 posts
My penny is don't buy Robots. Search for a good signal provider..

Thalantas
Oct 22 2013 at 15:14
192 posts
Everyone preaches for his church :P

A smooth sea never made a skillful sailor.
Alpscalp (Alpscalp)
Oct 22 2013 at 15:18
113 posts
I'm not in the list under the link ;-)
As you've said:

EAs change really fast and its rare to find one that's been profitable and still is.

Alpscalp (Alpscalp)
Oct 22 2013 at 15:20
113 posts
The best is to read a lot, develop your own system. Let it build by a coder. Backtest and optimize for a long time in order to find something that is profitable with a backtest over 2 years and >2K trades. Then try on live for a few months..

Thalantas
Oct 22 2013 at 15:30
192 posts
All systems have its advantages and its drawbacks. I like manual SP has they tend to have a more stable equity curve, yet the yield are usually more realistic (unless the risk/leverage of each position is too high) while EAs can sometime be amazing but bear crazy risk! I bet today's spike killed many EAs again.

I agree with your idea of 2K trades for 2 years. I like a system that trades very often and on average wins more than the losses, as it gives you the odds of winning on the LT.

A smooth sea never made a skillful sailor.
Alpscalp (Alpscalp)
Oct 22 2013 at 15:36
113 posts
Agree. As for the spike, risk. Make sure you use proper SL levels (also inside the ea. Avoid any Martingale etc.

Sometimes you have to loose a battle to win the war..

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