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7 from a prior number of 52. 6100 support levels against the US dollar. Site map Contacts About User agreement Disclaimer Forex-Awards. The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.
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We are committed to the fair handling of reviews and posts regardless of such relations. All rights reserved under US and international law. I have spent a lot of time trying to find a good expert advisor. I have searched the ins and outs of the internet, I have spoken to other reviewers, programmers, creators, etc. I have seen the “turn 100 dollars into 5 million” promises, the flash, the whistles, I have seen a good deal of what the automated trading market has to offer regarding forex expert advisors. Making a profitable expert advisor is no hard task.
Don’t get me wrong, it is being profitable in the long term that is difficult. I can program 10 different expert advisors, each based on a different set of rules and I can guarantee that at least one of the ten will be profitable for at least 2 months. That is why the government has a mandatory disclaimer that has to keep company to every expert advisor offer. Making a long term profitable expert advisor is difficult because for such a scheme to work, there must be a consistent set of conditions in the market that indicate a mis pricing of a currency pair.
This set of conditions must always be exploitable and must always repeat itself. In other words the market has to be inefficient for automated trading to be successful. It has been shown that the market is inefficient, reason why some traders in currencies can be consistently profitable. But these inefficiencies are not enormous.
So with this in mind you will have figured out by now that a profitable expert advisor will not be extremely profitable. The best possible real forex expert advisor that I can think of has some interesting qualities which could be regarded as “not as good” for many traders but ideal for experienced forex traders and the like. This experts are based on temporary market inefficiencies which are caused by temporary fundamental conditions which will change with time and massacre the ea. Please, I beg you, be very meticulous with the experts you buy.