Forex expert advisor can be useful or not depending on the system using in the trading robot installed in your Meta Trade 4. Some can consider as the most profitable expert advisor or maybe the best forex ea this 2019. However, there are forex expert advisor that can only turn your account into disaster instead of seeing great profits. So beware in using those robots.
You will never know a forex expert advisor is good or bad unless you tried and tested it for a long period of time. One of the most profitable expert advisor I read online can be download for free in almost every forex trading forum. But do not use them using real live account. I am testing the forex robot at least 3 months and if they are good, I will test them using live account at a low minimum trading balance.
What is an EA or Expert Advisor?
Expert Advisor is a software or program that will be install in MT4 Meta Trader platform or MT5 that allow the trader to trade in automated system. Once the program detect a good buy entry, the forex expert advisor will enter a buy for you and if it detects a sell, it will enter short automatically.
Do Forex Robot Really Work?
Some may work and some forex robot may not. Because of the trading system that programmed in the EA. You can find a profitable forex expert advisor online and test it on a demo account. Just like a manual trading, you need a system. If a system is bad, it won’t make you money. So, find a forex expert advisor that has a good trading system in it.
Should I Use Forex Expert Advisor?
Maybe a beginner will asked a question if he should use forex expert advisor for his own forex trading sake. The answer is this;
“Forex Expert Advisor can be good or bad depending on the systems or strategy that automated forex robot has in it. A trader can be profitable using manual trade or forex EA. I depends on how you want to trade the forex market.
EA is automatic while manual trading will spend time to execute, analyze the chart. EA can analyze the chart for you and enter a trade and stop or even take profit for you.”.
I hope you liked our article, kindly leave a comment below or share the most profitable forex expert advisor you know, tried and tested. Thank you!