Forex expert advisor 2013
Today we'll be dealing with the Forex Hero expert advisor EAone more piece of software that promises to makes us filthy rich while we continue to perform our daily tasks and the robot trades instead of us. I would have probably skipped this robot — its trading involves gambling methods, hence is quite risky, but then a couple of traders labeled it as the best Forex EA forso I decided to take a look at it.
After all, the EA has its fans. The positions are opened against a trend, then — if the position starts making losses the robot opens one more position with an increased trade contract size.
Most often the direction of the new position is the same as that of the original one but sometimes it's in the opposite direction. In all cases we can label the trading method as a version of the famous Martingale technique. You can see an example below. The aim of the Martingale approach is for the trade with the biggest contract size to compensate for any losses suffered via trades with the smaller contract size.
Grid Harvester EA - Best Forex EA's | Expert Advisors | FX Robots
However, it now and then happens that the entire series of trades is loss-making so beware of the drawdown that hides around the corner! This gives us nearly a year of trading, which is a good indicator for the robot — it obviously did well and managed to maintain the account alive for such a period of time. As a result, the return-to-drawdown ratio is at robust 11, indicating significant returns in exchange for anything invested in trading with this EA.
The gloomy part is the sensitivity of the trading system, as the average pips per trade — at meager 0. The weak even negative readings of the balance in pips is a common characteristic of all systems using the Martingale method. For this amount of money, you get the files sent to your mail and you can use the advisor on three accounts.
Unfortunately, I don't see any money back guarantee. As surprising as this may sound, but the Forex Hero EA may in fact be, to many, the best expert advisor ofgiven that gambling bots had their year and even performed better than some robots making use of trends and based on long-term conservative strategies. Still, you should be careful about using this one, especially given the sensitivity of the system. Please, consider our tips on trading with dangerous bots.
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. HY Markets is 99 make a living out of binary options forex broker with more than 30 years of operational experience, regulated by FCA in the UK.
Trade Forex with spreads as low as 1. XM is broker with great bonuses and promotions. FxPro is a broker we are particularly keen on: And the best part? With FxPro you get negative balance protection. It offers premium forex expert advisor 2013 conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
FBS is a broker with cool marketing and promotions. Trading is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well we tried it out and we loved it. One of the rather interesting and new technical systems is the Harmonics Trader. It operates on the forex expert advisor 2013 of the harmonics market theory, as the name suggests. The system has been running for a fairly short period of time, but a 3 years backtest is also available.
The relatively newly released Minute Osx stock market EA has delivered enormous gains in the short time it has been running. In this review we will showcase the wallstreet-forex. You may have recently heard about them and be deliberating an investment.
Be sure to read this review before making an informed decision. You may have heard about Forex Real Profit EA and decided to get more info on them. In this review we will give our honest opinion of their system, their results and most importantly whether we would recommend dealing with the company. SFE Price action is one of the most expensive EAs in the MQL marketplace.
As such it attracted our attention for a review.
We found this to be strange and decided to investigate the system. In this review we will discuss VolcanoFXEA and determine if it is a scam or a legitimate investment opportunity.
Metaquotes, the company behind MT4 stock market derivative MT5 trading platforms, today revealed some statistics of the MetaTrader Market. Metaquotes, the company behind the most popular forex trading platform, announced today that the new MT4 Build comes with a bundle of new features, including virtual EA hosting.
Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
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