radex78 Posted October 12, 2023 Share Posted October 12, 2023 Trading use ea has advantages and disadvantages, one advantage of using a robot is can work multiple order in one time, because robot trading work based programming machine, here manual trading can't do multiple order in one time, but the disadvantage of using a robot is the cost trading typically higher than manual trades, which minimum capital usually high, and to run robot all day long need hire VPS. Trading with FXOpen I like manual trading because easier to manage my risk level. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted November 10, 2023 Share Posted November 10, 2023 Finding the most profitable Expert Advisor involves researching historical performance, user reviews, and ensuring it aligns with your trading strategy. Keep an eye out for transparency in the strategy and risk management, and consider running it on a demo account first to assess real-world results. Quote Link to comment Share on other sites More sharing options...
radex78 Posted January 11 Share Posted January 11 Backtesting an EA before using an Expert Advisor on a real account can give you a little idea of how the trading robot works and its performance, but it doesn't guarantee that it will always be successful when used on a real trading account, the market is always dynamic, many factors cause the EA to not work as it should, including slippage. , spread, connection, and so on. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted January 23 Share Posted January 23 It seems to me that it is much more profitable when a trader has enough experience to work on his own. When I worked with a broker from Hotforex, I paid a lot of attention to this. Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 26 Share Posted March 26 If you have a profitable trading strategy you can get it coded into an EA and go automated. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted April 28 Share Posted April 28 You should try some of them especially which are build on different trading approaches and identify which looks the most interesting and promising for you. Then you start to experiment, adding or removing features. This is how I create proprietary trading advisor on top of an EA which was posted on forums but had mediocre results. Quote Link to comment Share on other sites More sharing options...
radex78 Posted May 22 Share Posted May 22 Not all traders know programming languages, so it is difficult to write command codes to change robots. A possible solution is to find a programming expert who can change the command code according to instructions at the trader's request. You may find out at MQL5 or FXopenforum when face a problem with EA or an indicator Quote Link to comment Share on other sites More sharing options...
boltushkin Posted June 1 Share Posted June 1 To find the most profitable Expert Advisor (EA), start by researching and comparing EAs based on independent reviews and performance records. Test potential EAs on a demo account to evaluate their performance under real market conditions. Additionally, ensure the EA fits your trading style and has robust risk management features. Or as alternative service you can connect to copytrading services like HFM FxStat and expect passive income Quote Link to comment Share on other sites More sharing options...
radex78 Posted June 6 Share Posted June 6 Some EAs may be designed only for real accounts, it is best when traders who like to use buy robots, it is better to understand how the trading robot works, if possible backtest on a demo account, it can give an idea of how the trading robot works, especially about money management. because trading robots built without money and risk management can endanger accounts due to the dynamic market. Quote Link to comment Share on other sites More sharing options...
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