What is the best Forex EA?
To answer the question of "what" requires a clear definition. A definition requires certain criteria. In order to qualify an EA (Expert Advisor) to be the BEST FOREX EA, the following criteria must be met:
– It should have relatively low drag
– It must have undergone at least 2 years of forward testing
– It must have a constant profit – no matter how small, but consistent
– The value of winning trades is more than losing trades, although lower percentage of winning trades
– Run 24 hours without intervention
– It must be proved when the client accesses the trading account with Investor Password
– It has to be proven that it handles the volatility time, especially under News
– Not affected by the broker disconnection, server problem, slipping problem, etc.
Really, searching for the best Forex EA on the market is one of the most daunting and very difficult tasks. There are people who sell EA's to get the money and not because it works. I have personally written over 600 EA's and only 2-3 are & # 39; acceptable & # 39; work and profitable.
Why is it so difficult to find the best Forex EA?
– The person who made EA does not share EA
– It has not been proven that one EA has been successful yet (I doubt that)
– Even a few EA's may prove to be profitable for about a year or so or even longer, it still does not guarantee EA's performance in the future
However, upon reading and searching including my own development of EAs, I found few amazing EAs that could be categorized as or be on the list of the best Forex EAs in the world.
First on the list –
– Running away – 46
– Equity gain – 4.33% per week
Other in the list –
The system portfolio based on 3-4 EA (each EA tested for 10 years history), working only on EURUSD pairs, but on different time frames and different strategies: 1. Buy / Sell when price breaks intraday levels. 2. based on the parabolic indicator, 3. EA trading only on "night flat". Max. About 5 trades at the same time, sometimes positions open for more than a day. Stop-tap and profit-limiting conditions applied. I trade with long-term profits in mind for those who use my signals. I am happy with small but consistent gains.
This EA is not for sale –
This EA has LIVE accounts worth more than USD 4.5m with more than 4000 followers.