The profitability if this EA is good also. You can easily make 20%% profit each month using this forex expert advisor. We always recommend testing EA to your virtual or demo account first. After you test the EA and if you are good to go, you can go to a real account to test. Please follow the money management and proper plan as well 8/11/ · Forex Real Profit EA is a very powerful FX Expert Advisor and completely automated Forex trading robot created by professional traders. Thanks to the adaptive trading logic this system gives more than 68% trading accuracy and earns steady profits since June Reviews: 3 10/4/ · this EA performs really good but suddenly losses all the money! im wondering whats happening!?
How to Find a Profitable Forex Robot - FXCracked
Forex robots EA have become very popular ever since the MetaTrader 4 trading platform was released. The numerous commercial EA that available and frequent scams do good profit factor forex ea make it any easier to find a robot that genuinely works well, good profit factor forex ea.
To find an EA that fits your trading style and risk tolerance, you need to analyze various statistics good profit factor forex ea as maximum loss drawdownprofit ratios, Consistency, and the risk-to-reward ratio. Forex trading is very risky, you can lose all of your money even with a robot that displays good statistics. Before using a robot with a live Real trading account, you need to understand the financial risk that you can afford to take.
The most profitable robots are usually also the riskiest ones. So you also should choose an Expert advisor 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 a backtest with historical accurate market data, good profit factor forex ea.
I highly recommend good profit factor forex ea a forex broker that allows you to trade micro-lots cent account to start real trading with minimum risk.
It is best to filter EAs by looking at stats on independent sites such as myfxbook. Even the results look great on these websites, past performance is no guarantee of future performance. Automated forex trading involves significant risk! After a few more tests and optimization it could work better than ever.
If your objective is to purchase a robot to let it run on its own without any supervision, you will most likely lose your money after a while. The perfect robot that runs well in every type of market does not exist! 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 risks all of the money in your account — is not ideal. If the profit factor is less than 1, you must eliminate it immediately, choose EAs with a big profit factor. 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 good profit factor forex ea 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 analyze 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 is interesting to look at because it gives you an idea of what you can expect to lose during a drawdown period, while the maximum drawdown showed you the worst case. Drawdown recovery is an indicator that measures the speed with which a trading system emerges from a period of drawdown in time or in a number of trades.
As you can imagine, it is best to choose an EA that is able to quickly return to positive territory after a loss. However, a less volatile and less risky robot will recover from a drawdown slowly and steadily, unlike a riskier robot.
The risk-reward ratio indicates an EA appetite for risk. An Expert Advisor that uses a 5-pip take profit and a pip stop loss have a risk-reward ratio of How much risk-reward ratio matter good profit factor forex ea depends on the EA strategy so take it with a grain of salt. Some EAs on the market — especially the ones that scalp — have a risk-reward ratio of and higher, which indicates that it uses a very risky strategy.
A high risk-reward ratio does not necessarily mean that the EA does not make money. Most EAs feature options that allow you to manage risk by adjusting the maximum SL and TP, which allows you to improve the risk-reward ratio. However, you need to make backtests before changing the settings to see if the changes do not affect the strategy. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email.
Press ESC to close. Share Article:, good profit factor forex ea. Tags: Expert Advisors Robot. November 4, Top 3 Tips for Trading Forex. November 19, good profit factor forex ea, Use these Simple Guidelines to Boost Forex Profit. Leave a Reply Cancel reply Save my name, email, and website in this browser for the next time I comment.
How To Optimize a Forex EA Tutorial: How To Make Any Expert Advisor Profitable
, time: 35:54
10/4/ · this EA performs really good but suddenly losses all the money! im wondering whats happening!? 8/11/ · Forex Real Profit EA is a very powerful FX Expert Advisor and completely automated Forex trading robot created by professional traders. Thanks to the adaptive trading logic this system gives more than 68% trading accuracy and earns steady profits since June Reviews: 3 11/13/ · To calculate the profit factor: Profit Factor = gross profit (sum of all winning trades) / gross loss (sum of all losing trades) If the profit factor is less than 1, you must eliminate it immediately, choose EAs with a big profit factor. 2) The drawdown (max drawdown, average drawdown, drawdown recovery)Estimated Reading Time: 5 mins
No comments:
Post a Comment