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Importance of Forex Expert Advisor

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Importance of Forex Expert Advisor

Postby 4rexfish » Thu Jul 21, 2011 4:41 am

In certain sources you can read that 90% of traders lose their money on the Forex market. This occurs because beginning traders rush to trade without having a Forex trading strategy. Even if they have a Forex trading strategy it is usually not tested on historical data and there is also the presence of what is called the “human factor.”
The use of Metatrader EA excludes the human factor and it will help you to test Forex trading strategy on historical data. Testing trade strategies helps to establish back-tests of Forex experts in addition to optimizing the Forex Experts parameters via our built-in optimizer. The use of forex bots will give you the possibility to test your own strategy on historical data; this means you will perform your own back-tests. (If you have your own strategy, we can program the expert advisor for you). When you test Forex Experts on demo-account this is a forward-test. The use of Forex Experts will allow you to see all the disadvantages to your Forex trading strategy. All Forex Experts offered on our site allow you to see Forex Experts back-tests and because many MetaTrader Forex Experts are monitored on demo- accounts this allows you to see many forward-tests as well.
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