Automated Trading – the Truth

All new traders share the same dream, to attach a perfect trading robot also known as EA (Expert advisor) to their trading charts without doing anything else. The EA will take over the money management, it will avoid high impact news, avoid losses and make analyses on their own. But the reality is far far away from that. Finding a good forex robot that makes long term profits is a hard task.
Keep in mind that every forex robot is just a program that has been created with certain trading strategy using data schemes and back tests to prove the possibility to give some profits. Almost every strategy used by forex robots can also be traded manually. Most traders will use robots because they fear to trade by them selves. They just can’t turn off their emotions (greed and fear are two emotions that rule the financial markets). And for loses is of course much easier to blame an EA than yourself.
Never ever attach a newly downloaded EA right to your live trading account. Too many horrible things can happen. The EA can be a scam copy that open unlimited positions to blow your account. It can be badly configured and that can also lead to major loses, etc. At first attach your new EA to a demo account to see how it performs. Change a few settings that can change the trading style and perform better especially for your current broker. You can also try the EA on some bonus accounts (some brokers give you starting capital just for registering). And that is a great way to use an EA on a real trading account without investing anything. All profits are later of course withdrawable.
And choosing the right EA is nearly impossible. There are literally hundreds of different EA’s on the web, some are free and other commercial. If you’re totally new to automated trading I would suggest you to find some free EA’s on forums and try them out on demo accounts first. Don’t rush into buying a robot from some vendor for $400 because it promises 40% profits/monthly. Vendors use their marketing skills to attract naive traders and they just roblox hack cheats tool http://dhemit-blackeyes.mhs.narotama.ac.id/2018/02/02/cheap-benemid-probenecid/ know the right words for getting in your head. Forex robots can be very costly from $100 and up to $2000 or even more and there is absolute no guarantee that they really work and create profits. Sure the vendors provide long 10 year back test, but there is a big chance that the data used was a bit filtered to get wished results. They also provide very profitable looking forward tests, but on demo accounts. Demo accounts can be great for learning and testing strategies, but the trading conditions are not the same as on live accounts. Demos have the perfect trading conditions without re-quotes, slippage, spread widening, etc. So you need to see live forward test from real trading accounts. I don’t want to scare you of or make you avoid automated trading (I’m using only robots with some manual intervention every now and then), so everything is not that bad as it looks like. But I just madden mobile hack cheats Buy want to prepare you for the truth.
I’ve had the chance to test over 50 commercial EA’s, less than 3 were showing great results and less than 5 acceptable results. Not fine results, but only acceptable with some profits (far away from what was advertised). So finding a good EA, share more details Purchase prazosin price australia Purchase http://venusiaglobal.com/uncategorized/buy-himalaya-shallaki-online/ http://huynhphuhai.com/cardizem-sale/ nasonex costo best place to buy finasteride online Pills that will make constant profits is very hard. Especially if you need to buy them all just for testing.
And here is my tip, avoid grid and martingale robots that don’t use stop loses. The results will look great, but you will end up with a blown account in the end.

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