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How to find the most profitable Expert Advisor?


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22 replies to this topic

#1
Jack Spear

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The web is now full of commercial expert advisors, most of them are scam, and a very few of them worth its cost!

If you need to have one you may get confused as every expert advisor author tells that he owns the best and the only real profitable one in the world, this may be true, but you can not depend on those marketing expressions unless you confirmed that by your self!

A few steps can be followed to ensure that you will pay for what you really need and not for some thing unsatisfying for you:

  • Never buy a Forex Robot not providing a refund policy.
  • Newly launched Forex robots a better than older widely used ones, as the more a Forex robot is being used by many customers, the more the market moves against the positions it performs.
  • Backtests for the Forex robot are very important rating item, it can give an idea about how its performance could be in the past even before its launch date, performing a backtest for a Forex robot by yourself is a complicated process, but there are websites publishing such backtests for different Forex robots like: reviewforexrobots.com, but the backtests alone aren't enough to rate a Forex robot.
  • Live performance, where you can watch the Forex robot running live on a metatrader account which could be a demo or a real one, real account live performance for a Forex robot is more truthful than if it was running on a demo account, many review systems are also providing such live performance preview which are myfxbook verified, reviewforexrobots.com is one of them.
  • You should preview the comments and the opinions of the previous Forex robot users on its performance and if it really made profits for them or not, more over you need to assure that it's not an imitated one for another real original Forex robot.
  • If you decided to buy a Forex robot, you should try it first on a demo account and watch its performance before using it on a real one.

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#2
Bagus

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The web is now full of commercial expert advisors, most of them are scam, and a very few of them worth its cost!

If you need to have one you may get confused as every expert advisor author tells that he owns the best and the only real profitable one in the world, this may be true, but you can not depend on those marketing expressions unless you confirmed that by your self!

A few steps can be followed to ensure that you will pay for what you really need and not for some thing unsatisfying for you:
 

  • Never buy a Forex Robot not providing a refund policy.
  • Newly launched Forex robots a better than older widely used ones, as the more a Forex robot is being used by many customers, the more the market moves against the positions it performs.
  • Backtests for the Forex robot are very important rating item, it can give an idea about how its performance could be in the past even before its launch date, performing a backtest for a Forex robot by yourself is a complicated process, but there are websites publishing such backtests for different Forex robots like: reviewforexrobots.com, but the backtests alone aren't enough to rate a Forex robot.
  • Live performance, where you can watch the Forex robot running live on a metatrader account which could be a demo or a real one, real account live performance for a Forex robot is more truthful than if it was running on a demo account, many review systems are also providing such live performance preview which are myfxbook verified, reviewforexrobots.com is one of them.
  • You should preview the comments and the opinions of the previous Forex robot users on its performance and if it really made profits for them or not, more over you need to assure that it's not an imitated one for another real original Forex robot.
  • If you decided to buy a Forex robot, you should try it first on a demo account and watch its performance before using it on a real one.

 

I want to give an opinion on the point A is in the trade with a robot I think we do not need to buy, but we must strive in this trade by getting a lot of manual trading experience and after that we figure out how to develop our own ea


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#3
standart

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traders can found many EA available in forums or in other forex related site. however, require test to point out the reliability. traders have no chance to use the EA properly or know the reliability if they are doesn't perform practice and test previously. 


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#4
Decub

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One of the best ways I know that a trader can achieve this feat is mainly by review. Reviews help you to have a feel of an EAs performance even before you use it. Other trader's trader's experience would have told you a lot of things about it and what to expect thereof from the EA. I see it as the most effective way to get the best of EA.
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#5
waseemilyas

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traders can identified several EA offered in boards or in other forex related Website. however, call for take a look at to point the trustworthiness. traders haven't any opportunity to make full use of the EA sufficiently or know the trustworthiness When they're isn't going to execute notice and Verify Beforehand. 


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#6
myregister

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You cannot find it just like choosing a video game you want to buy or clothes you want to buy. It needs backtest first to show does this program works well in many kind of situation and also may it works in longer time, because some advisors usually collapsed after 6-1 years of using.


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#7
rizwanramzan

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It is a very helpful guide for very newbie trader. This will be helpful for finding a reliable expert adviser. Nowadays one can easily find expert advise on every topic. This also applies on forex, we can get help from experts in the relevant field. They can be easily found on online forums.


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#8
myregister

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Backtest does not mean one expert advisor could work well, there are some cases where a trader still experienced a huge loss and cannot recover back. As for refund policy that does not guaranteed, we can see many landing page offer such a refund but what happen? They don't give us any refund if our EA does not work well.


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#9
sidejob

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There is no profitable expert advisor so far. Well there are few that works very well but until now there is no that work for 100% there are few that works only as high as 70% but that is paid robots which cost around more than $10000 and usually used by big forex company for trading.


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#10
myregister

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There are dude, but just few of them cannot you see there are many banks and also the other trading company that still use their own tailor made robot. That gives them higher precision and also better bucks it saves times and also gives more retun. Most of them programmed in C, C++, or D.


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#11
sidejob

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Can you prove it? at least give me one of the example of good expert advisor that will make you earn better plus many big trading company or bank use it. I never heard programmed in D but C and C++ also C# are exist out there. Many of programmers using for it. I know it is exist but does not mean it use extensively.


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#12
myregister

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Well i want to criticize the first one about forex robot it is complex one even with guaranteed your money will back it won't change the fact that you lose your money more than what they could give to you back, also sometimes those vendors has ridiculous terms when they want to return your money back, i advise just choose a robot that is well suitable for you.


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#13
sidejob

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It is hard to find but to create it still possible even you know that it requires depth understanding of coding and also foreign exchange knowledge. If you have a lot of bucks you can looking the robot that developed by specialist in the bank they are one of the best when it comes to create a robot that works with higher flexibility. But remember most people trade robot with small percentage of their total money not by majority of it.


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#14
myregister

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Can you create it sidejob? To tell you the truth here, it is hard to created robot especially the one that can work with more than one strategy and could change with higher flexibility especially if one strategy doesn't really work. Robot has many advantages over human but also has crucial disadvantages over human.


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#15
anosocialnet

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yeah depending on the advisors used, just few from professional source can make you a decent profit. while building one from the scratch will be the best but for those with coding and programming experience, but interested clients can pay someone or a programer in developing one.
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#16
magicmoneymaker

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i used to invest in hyip and loose money, what if forex trading is simple and safe.

if yes suggest the idea

thank you all friends


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#17
TekiJIa

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HYIPs are little financial pyramid )
Forex is real financial market. Will it is safe or risk depends on you!
My story - http://www.digitalmo...ble/?p=571172 


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#18
sidejob

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@magicmoneymaker: Simple and safe? Are you kid me? Forex is not safe even i must say it is one of the most profitable business if you know how to do that and able to manage those high risk well. There is no most profitable expert advisor but to be honest expert advisor only as advisor, to help you not to give you constant earning.


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#19
myregister

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Sure it s not safe but not so risky even i must admit that you also can make much more loss if you don't focus on how to manage all of your money. The most profitable expert advisor is from some groups or people who dedicated to make it, usually a big trading company. Their tailor made program could bring much more benefit to their organization and it must work well at least 95%.


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#20
francmorio

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i used to invest in hyip and loose money, what if forex trading is simple and safe.

if yes suggest the idea

thank you all friends

 

Hyip is real just is forex is real, the only difference is that in forex, you have control of lots of things. Personally, I tried hyip sometimes back before I a friend introduced me to FreshForex, A forex broker. So far, I believe, forex is the best out there, no regrets no, nothing!
 


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