100 no loss forex ea review - ForexBinaryOptionTrade

100 no loss forex ea review

The many commercial EA offers and frequent scams do not make it any easier to find a robot that genuinely works well. Forex trading is very risky, you 100 no loss forex ea review lose all of your money even with a robot that displays good statistics.

Before using an expert advisor with a real trading account, you need to know in advance the financial risk that you can afford to take. The most profitable robots are usually also the most risky ones. So you also should choose a robot based on your appetite for risk. Before you invest your money, it is essential that you test the robot with a demo account and do backtests on historical market data. Choose an STP forex broker that allows you to trade micro lots in order to start real trading with minimum risk and also to see if the EA works well with that broker.

How do I find an EA’s statistics? To avoid scams, don’t pick an Expert Advisor that isn’t tested by an independent website. It is best to filter offers for EAs by looking at stats on independent sites such as myfxbook or forexpeacearmy. For example the Vortex Trader PRO EA has been tested on these two sites with a real account, the results look great, but past performance is no guarantee of future performance.

Automated forex trading involves significant risk! To obtain good results, it is not enough to simply choose the best robot. You also need to understand how it works in order to change the settings according to the type of market you’re interested in and your risk tolerance. If your objective 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 profit factor is one of the most important statistics.

It allows you to answer an important question: will the robot make money? The profit factor is important because it shows the relationship between profit and risk. A robot that is profitable – but nevertheless risks all of the money in your account – is not an ideal robot. If the profit factor is less than 1, you must eliminate it immediately, choose EAs with a big profit factor. Obviously, these statistics are based on trading history, so it doesn’t guarantee future results, but it is a useful indicator when choosing an EA.

A robot that makes money is no good if it takes too much risk on each trade. Drawdown is a very important indicator of risk. It shows the percentage of maximum loss recorded since the last high point. This can give you an idea of the potential drop in your account when the robot is in trouble.

The first step to analyse drawdown is to look at an equity curve chart. A rising curve indicates that the robot is profitable, but if the curve is rather agitated with frequent and large peaks and troughs, the robot is very volatile. A volatile robot will most likely have a high drawdown and pose a greater risk. You can therefore quickly filter the robots by selecting charts that display a smooth equity curve. Maximum drawdown simply shows the maximum loss since the last high point. The average drawdown compares the EA’s various drawdown amounts.