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Topic: What is the best forex EA?

What is the best forex EA? I kind of new to forex, and I need help for experience traders.

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Re: What is the best forex EA?

hello, try many with backtest mt4 and if you find one you like try it in demo.

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Re: What is the best forex EA?

Hi there!  Everyone has different systems and methods to their trading.  Try to find an EA that you can change/alter the settings to what you want.  Use one that is a simple moving average EA to start with and apply it to a demo account to test it out and see how it works.  After you do that try adding more settings to it or getting one that is more detailed and adds other indicators such as bollinger bands or SAR.  The trick is to keep practicing on demo accounts until you find a system that works and that you can manage/alter when needed.

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Re: What is the best forex EA?

Once you find a successful system test it for a minimum of 20 trading days on a demo account before you apply it to an account with real money.  When you apply it to an account with real money start with micro lots if possible in order to limit your risk and keep testing it.  If it is working well with micro lots up the lot size from .01 to .1, then from .1 to 1 if your balance will support it.  Try to never risk more than 10 to 15 percent of your account balance at any given time.

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