I choose the best forex robot
When I look around the various forums of Forex, is almost always an entry from a newbie asking: "What EA is the best? or "What is most profitable forex robot?" in the vain hope that the rest of the strange decision will save months of trial and error and the reward with instant wealth. If only it were that simple we'd all be millionaires, barely lifting a finger. Since we are firmly rooted in reality, we know that it happens that way, at least, to win the lottery.
So what should you look for in a Forex robot?
Some features to look at when searching to avoid or reduce the short list to buy Forex Robots. This is based on my own experience to test and develop Metatrader EA in the past five years.
1) Avoid currency offered EAS tests that check back to profitability. Back tests are simulations only with data from the tick (price data from a broker or a source of third parties), which are not true and accurate reflection of trading in real terms, market. Delays in the implementation of operations and the sliding may seriously affect the profitability of the robots. Another danger of the tests back, that is easy to "curve fitting or through the configuration optimization of robot based on available data. So what we have is a robot that has been optimized to fit the historical data, rather than one that is sufficiently flexible to adapt to current market conditions. The foreign exchange market data, as markets change all the "personality" in time and therefore now historic in its place a true indication of what happens in the future.
Back to summarize the argument of proof, with the benefit in hindsight, is quite easy to optimize an environmental assessment to produce a profit, unfortunately, live in the trade can not benefit this luxury. Therefore the proof is again this is not a good indicator of future profitability of a Forex robot.
2) records for online transactions account for real money real. ie. No demo accounts. not only has the demo data flow are sometimes divergent price and speed are not an accurate representation of the speed and accuracy of trade execution, no matter what your agent tells you that even if the price data is the same, the execution of the transaction will result in profitability vary considerably. During the period of negotiation of the states to live better, but be aware of gaps in states that could indicate "cherry picking" or use the selectivity of statements of operations for a week or a month particularly successful, even 3 months.
2) Be aware of the business conditions of their broker chosen is to be aware of the limitations of the minimum and Stoploss take profits, and spreads and can involve leverage the functionality of your EA. Also, the recent rules of the NFA in connection with the coverage and FIFO can also affect the operation of your robot, so be aware of this if you use a registered agent of the NFA.
3) Avoid or robots EAS currency dependent on profit-taking is too small, medium or victory is too small. ie. the average difference in winning and losing average. If the difference between winning and losing is too small, relatively low changes in the receipt and execution of orders can seriously PROFITABILITY.
4) Note the type of managing money (if any) is used in the forex robot. Many robots use some batch sizes as martingale theory, who has done many dual batteries or when a losing trade. If the robot uses this form of money management is a very real possibility of greater influence in case of prolonged of withdrawal.
5) Avoid Forex Robots that a win loss ration of over 80%, some say 70%, but we could discuss this until the satiety. The fact is that to achieve these very high accident rate to win also perform floating losses and loss of jobs for long periods time before May or may not make a profit. This usually indicates that the trades that have no stop loss or present to a very great loss of detention, or potentially dangerous to your trading account. Again and again, I saw these guys trading systems take off after the worst happens.
By looking at these 5 rules, you will be able to better identify spam Forex, you are more likely to produce a profit for a long time, but as everything in life there are no guarantees. As mentioned earlier in the Forex market does not change the personality and because the robot has only served 2 years does not mean it will underway.
About the Author
Brendan Wilson is an professional Forex trader with 5 years experience. Visit his website for more Forex Information, broker and ea reviews.
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