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Do forex Expert Advisor robots ever work?
Anggota Sejak Jan 06, 2022
19 pos
May 27, 2022 at 11:53
Anggota Sejak Jan 06, 2022
19 pos
Yes, Forex Expert Advisor robots can work. Forex trading robots or Expert Advisors are automatic software systems used to generate trading signals. For example, it follows market price data and then, after doing analysis, it decides that it’s good to enter or close trades.
EA robots are set to work automatically within a specific range and follow trades. However, a sudden movement in pricing can exterminate short-term profits.
You can significantly improve your trading skills with a professional forex robot and the right configuration. Every day, thousands of traders are using EA to find actual pips.
However, not all forex robots are programmed equally, and how you configure them will determine how successful they are in the long term.
EA robots are set to work automatically within a specific range and follow trades. However, a sudden movement in pricing can exterminate short-term profits.
You can significantly improve your trading skills with a professional forex robot and the right configuration. Every day, thousands of traders are using EA to find actual pips.
However, not all forex robots are programmed equally, and how you configure them will determine how successful they are in the long term.
Anggota Sejak May 29, 2022
39 pos
Anggota Sejak Apr 09, 2019
538 pos
Anggota Sejak Mar 31, 2021
229 pos
Jul 13, 2022 at 15:19
Anggota Sejak Mar 31, 2021
229 pos
EAs can work. It's true. But without constant human improvements it won't work long time. So in my opinion EAs + manual trading are best decission.
And most of all EAs sellers don't like improve their settings. They like fast money. So if you're looking for best EA then make it yourself.
And most of all EAs sellers don't like improve their settings. They like fast money. So if you're looking for best EA then make it yourself.
Think thrice before opening an order
Anggota Sejak Jun 04, 2020
2 pos
Oct 06, 2022 at 18:04
Anggota Sejak Jun 04, 2020
2 pos
Forex trading is very risky, you can lose all your money even with a robot that shows good statistics. Before using an expert advisor with a live trading account, you should know in advance what financial risk you can afford to take. The most profitable robots are also the riskiest. So you should also choose a robot based on your risk appetite.
Before you invest your money, it is essential to test the robot in a demo account and do backtests on historical market data, you can use Metatrader 4 platform assistance to build your EA or others online EA creation tools like https://www.fx-etrader.com and you choose an STP forex broker that allows trading micro lots in order to start real trading with minimum risk and also to see if the EA works well with this broker.
The robots are not efficient on all types of market (in trend, volatile, in trading range). To obtain good results, it is not enough to choose the best robot. You also have to understand how it works to modify the settings according to the types of markets and your risk tolerance. If your goal is to buy a robot to let it run on its own without any supervision, you will probably lose your money after a while. The perfect robot that works on all types of markets does not exist!
Before you invest your money, it is essential to test the robot in a demo account and do backtests on historical market data, you can use Metatrader 4 platform assistance to build your EA or others online EA creation tools like https://www.fx-etrader.com and you choose an STP forex broker that allows trading micro lots in order to start real trading with minimum risk and also to see if the EA works well with this broker.
The robots are not efficient on all types of market (in trend, volatile, in trading range). To obtain good results, it is not enough to choose the best robot. You also have to understand how it works to modify the settings according to the types of markets and your risk tolerance. If your goal is to buy a robot to let it run on its own without any supervision, you will probably lose your money after a while. The perfect robot that works on all types of markets does not exist!
Anggota Sejak Aug 05, 2021
401 pos
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