eventually all EA will drain your account; Don't overtrade> how?>>demo account. You must also learn how to read charts; from m5 to d1; 100/ 200 moving average, fibonacci, trendlines, watch for repeat patterns.
Fool me once, shame on you; fool me twice, shame on me.
Personally if you are looking to autotrade, you need to understand how the strategy tester works on MT4 and what the pitfalls are. For example it only takes the spread at the point you run the test and doesn't take in to account what the spread could be at other points in the trade. This is often exploited by EA sellers to generate backtests that look good on an EA that is poor. Also, ensure that the backtests for the EA cover as wide a period as possible. It should ideally cover the entire period of history available, also you might want to look into getting hold of some tick data in order to get 99% accuracy on your backtests. Hope this helps. Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
The spread rates listed are for live accounts. If you're trading at a certain period of the day or or trading on a certain day of the month. It would be good to check out the spread rates for the particular pair that you're trading with in that specific time period.
Zulu trader is fine but you should make a good choice of those running in the lead not for a week but for 3 to 6 months as the leader. Many of them are in number one place for a short few days. Be very selective on zulutrader. You can run lots of demos on your vps and learn how trade copiers, and other EA's also. Back test on MT4 and once you learn that then ask someone to assist you in running tick data before using real money.
Agree with you prof.. With be selective and running in demo before go live, But sorry i dont agree for backtest on mt4, its very easy to maniputated by program. We must see performance by fowardtest, see the stability of profit, dd, etc,etc. and the most importance one is money management. I try so many ea and many of them is scam, their back test is manipulated already very different with their forward test, even they claim 99% accuration back test.
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