Are you looking for a Metatrader 4 Forex robot for trading on the Foreign exchange market? You are in the right place - check out our selection of Forex robots with an expectancy of up to 20 points per trade. All deals from our expert advisors are executed with a fixed lot. The systems have no money management or other elements of risk accumulation. Data on charts are updated every hour and shows how many points the systems win. There will be a constant process of adding new Forex expert advisors with good expectations and removing these with bad results.
Even if you choose from the list of the best Forex expert advisors and download it, you do not know how the trading robot will work in the future. So the best thing you can do is to choose a good Forex EA with a low correlation and create a portfolio of at least 10 Expert Advisors. You will then be able to monitor their work and if the best forex ea do not meet your expectations you can always download another forex ea robot.
The top 6 Forex expert advisors portfolio executed 703 trades total with summary output of 9342.5 points. Below is the chart of the portfolio from the top 6 expert advisors.
All expert advisors on the website have good back test results. Now Forex robots trade on a demo and they are performing their out of sample check. This is the ultimate way to determine if a trading robot is winning by luck or adjusted to the price curve. Even if this real-time results are good, there is no guarantee that the expert will have good performance in the future, but good results in demo is good sign for that.
Probably if you are new to the forex market you will ask this question. Maybe you think that the human brain can process the chart information better and make better forex analysis and decisions about the possible market directions. Well... you are wrong. The forex market is unpredictable as the most things in our lives. If the market becomes predictable, it will stop existing. Then what can we do? We can monitor and find specific market situations after which something is happening. Of course, you will never find such case in where after A follows B in 100% probability. But you can find a 60% one. And this will lead to developing a forex trading strategy and when the strategy is crystal clear, it can be coded into expert advisor. If we need to make an expert advisor definition, it will be - trading robot based on statistics.
No matter how many stats you watch, no matter how good the equity curve looks, you never know how it will perform in the future. It is possible that an expert advisor that has medium results, to be much better than the best forex ea now. Let's say that a good looking expert advisor has a 60% chance to be also good in the future. So if we choose 1, from which it will be - from the 40 loosing or the 60 wining? Again... we don't know. But the bigger portfolio of experts we make, the closer we get to that 60 -40%. What if we monitor closely the things and shut down the bad performers and substitute them with better expert advisors? Then we can reach 70-30 or even higher.
As everything around us, the markets change too. The swaps change. Economic results change. Market volumes change. Trends are becoming bigger or smaller, ranges are becoming wider or thinner. The forex expert advisor is designed to work within some specific market parameters. When they change beyond a certain limit, the EA will stop working as expected. Usually, this doesn't happen right away but like a process of constantly getting less and fewer profits. We must be prepared that all the expert advisors will fail at a certain point and the questions are not if, but when.
There are many types of trading systems and many lifecycle models but the one we choose has tested, out of sample test and trade. The test is the largest period where we test our rules. It must be big enough to get enough trades for good stats and not so big, because as we said in the previous paragraph -it can be close to its end or have bad backtest results just because we are including different market conditions. For example, 10-15 years ago we had 5-8 points spread on EURUSD, now we have 0.8. If we test on such old data we will have good results wich are not real. We have chosen that backtest period to be close to 2 years. The next important period is the out of sample test. In this test, we verify that the system still have the same performance parameters as in the test period. If the system can pass that period it is ready for trading. In the most common case, we have 2 years backtest, 6 months out of sample test and 1-year trading.
Yes. The trading robots logic is restricting them to have more than one position at a time. This means that they may have many entry signals, but they can use them only when there are no other open positions. This means that if you download an expert advisor and start it at a different time/price, your positions can be different from the same system which is started at a different time. Usually, after several local trends, the systems will start making the same positions, but there is a chance that this will not happen for some specific trade logics.