Unless the goose doesn't lay golden eggs after all.
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This fact will increase your chances of successful hedge recovery.
The only reason I have released this hedging tool is that I've received like gazillion email requests from people who could not wait to try this system after seeing my positive results. So that being said, in this section I'll try to describe my hedging EA from the practical point of view. So let's assume you are very enthusiastic and want to start right away. If you do not know what this all mean, please use google to learn about all those concepts and return later to this page.
You need to select a good broker with the proper account characteristics. The most important account setting is the Leverage which is recommended to be equal or higher than 1: If you understand all items mentioned in the first step, then you will also understand that selecting a high leverage account will allow you to open many more positions than when trading on a low leverage account.
This fact will increase your chances of successful hedge recovery. The second important item is fixed spread. Fixed spread will protect your positions during volatile market events, like e. Furthermore fixed spread will take out some uncertainties out of the equation, making EA behavior more predictable and more ease to tweak. Please, consider to select a broker with low swap rates. Large swap rates will have a negative influence on your profits, this because during recovery cycle some positions can stay open for several days.
Run a forward test on your demo account using the standard EA settings!!! I can not be more clear about this. I get many many questions regarding the EA settings from people who do not understand the system and try to use it in most ridiculous ways. Please start with standards settings and see how those settings are working for you on your account and tweak it carefully by changing one parameter in a time.
Alternatively, use the MT4 integrated strategy tester to familiarize with EA behavior with different setting. You need to select a proper account balance. Please, when trading a real account, trade only with money you can afford to lose! You need also to understand that trading on a small account with the recommended lot size of 0. When you are confidant and familiar with the hedging EA and the EA's settings on your demo account, you can start the real forward test.
This EA is not a forex system, and it will not tell you when to enter. You can use it with your own system or any system giving good entry points. If you do not have a trading system, you can use the following guidance: This will increase your chances to avoid ranging market conditions.
Before you go you should consider to check out my free online blog, where I share everything I know about trading for FREE! This site contains valuable and informative high quality material, that can be used for any kind of currency trading.
The presented information is meant for non-commercial, informational and personal purposes only, and all of freely downloadable materials are meant for non-commercial home use only. This is not a sustainable forex trading approach. You must also be careful with vendors that show scalping robots with performance on a demo account, they perform x better on demo than they do on live accounts.
This is because real money accounts have higher variable spreads, swaps, commissions, off quotes, liquidity issues and many many more variables that can eat into those small profits. Market conditions are always much more favorable on demo accounts than real accounts. Expert Advisor EA and a forex robot are the same thing, just different describing names.
The data of each forex expert advisor is updated every 5 minutes, every trading day. All the data is aggregated straight from myfxbook and therefore cannot be changed or manipulated in anyway. If there is an fx robot you think should be added to this table, please leave a comment below requesting the robot you wish to see added.
As always, feel free to comment. In order to use any of these forex trading robots, you will need an account at a forex broker that supports the Metatrader 4 platform. Check our list of the top MT4 brokers ranked from best to worst based on user ratings.
Another thing to consider which is not a requirement but will definitely make your life easier is using a forex vps.
Sep 21, · Is there an EA that works? Rookie Talk. Forex Factory. Home Forums Trades News Calendar Market Brokers Is there any EA that really works in a live account? 29 replies. babysat, and many other things to try and get just one of them to work, but to no avail. The main reason is that forex is gambling; no one knows what .
Coensio's semi-automated hedging EA for MT4! The first Hedging EA that really works! No, this is not an another 'get rich quick' Forex robot! This EA is not a forex system, and it will not tell you when to enter. You can use it with your own system or any system giving good entry points. If you do not have a trading system, you can use the. What is the deal with forex EA's?! Can you really make money with them and is it as simple as plugging it into your MT4? Read this before buying an EA!
Forex Force EA Forex Force is a fully automated Forex trading system based on price action, volume, and price momentum. The algorithm monitors and analyzes multiple time-frames simultaneously and executes trades only . Advanced Forex Strategies that Actually Work Even for Beginners - with detailed Daily Price Action Analysis you will have the necessary knowledge to trade better and .
Do Automated Forex Trading Software or Robots Work? October 19th, Forex Indicators That Really Work ; Is Forex a Suitable Work from Home Job for Everybody? One of my friends has developed an EA which is able to plot support/resistance lines on the charts. It doesn’t take any positions at all. Oct 24, · What cracks me up the most is how once you purchase the EA, you also receive access to some exclusive forum area where everyone gathers around and discusses all the ways to play around with the EA and actually make it work right.