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  • Forex Strategy: Prepare for Real Trading with a FREE Strategy

    Forex Strategy: Prepare for Real Trading with a FREE Strategy

    Forex strategy

    Forex strategy is the most important thing when it comes to trading on the market. If you don’t follow a precise strategy, you have a 99% chance to lose. I am Petko Aleksandrov, a professional Forex trader. And I became successful when I started to use not just one Forex strategy but many.

    Today I will teach you everything you need to know about choosing the best Forex strategy – how I use a Forex strategy builder to automate the strategies as Robots and how I create new strategies for different assets and timeframes.

    I will share with you some of my Forex strategy secrets that made me profits. And this article will be a bit longer but if you stay with me until the end because Forex trading is a serious thing and you need to be prepared for it.

    Below is one of my accounts where I have 5 different Expert Advisors. For the beginers the Expert Advisor is a Forex strategy which is autoamted.

    Forex strategy

    They are from my Top 5 EAs course and there I update the EAs every month

    I don’t execute any of the Forex strategies manually. I use Expert Advisors or so-called Robots. These 5 strategies are part of my Forex Trading Strategies from Professional Trader course + Top 5 EAs.

    So in this course, I put together basically the best strategies that I have at the moment. I update the course every month and I update the Expert Advisors for every single Forex strategy. I will show you some of the strategies and I will start with a very simple Forex strategy for EURUSD that you see on the chart below.

    simple Forex strategy

    It has one open trade at -$248 but the account history is at $4,116 of a profit. And if I just get a detailed report, you will see that I have some great results with this strategy. So basically this is $4,000 and this is for the last week and a half, I think.

    Forex strategy results
    The report

    Yeah, the first trades were opened on the 7th of June and today is 15th of June, so about 8 days. I have a Floating P/L of -108 but my closed profit is at 4,116. And you can see all of the trades that were opened and closed. Some for EURUSD, some for EURJPY, I have GBPUSD as well as a currency pair, I have EURGBP, and I have as well USDJPY.

    Risk diversification whn trading not just one Forex Strategy

    So 5 different strategies to diversify the risk and you can see a very stable balance line running in my account at the moment.

    The balance line

    Now, I will show you one of the Top Forex strategies that I have at the moment for EURUSD. It is an extremely simple Forex strategy but it brings really nice results.

    Even if at the moment I have an open trade, you can see that it’s sold, Take Profit is very close, just 20 pips lower and my Stop Loss is 80 pips higher.

    Forex strategy for EURUSD

    Now, many of you might think that it’s wrong to have a bigger Stop Loss than the Take Profit.

    But I will tell you some Forex strategy secrets in this lecture. And the first one is that it is wrong that the Take Profit should be 3 times bigger or 2 times bigger than the Stop Loss. This is old, there is no proof of that.

    And I can tell you that with my experience of testing so many strategies and Robots, when the Take Profit is closer to your entry, obviously there is a bigger chance that the price will hit the Take Profit first instead of hitting the Stop Loss.

    EA Studio software

    And I’m not taking chances here, this I will show you with the EA Studio. This is professional software that we use at Forex Academy. If you go to our website at eaforexacademy.com and you click on Expert Advisor Studio, you will come to the Home page where you can find a free course on how to use the software.

    There is a 15 days free trial that you can use to test different strategies, to generate new Forex Robots, and at the same time you can find your best Forex strategy by testing many like what I do. I follow the results and I see which one performs the best.

    So this is how you should be selecting your profitable Forex strategy. If I click on Strategy, you will see the very same strategy that I have on the Meta Trader. But here I have exactly the Take Profit, the Stop Loss, I have the entry and the exit rule which I will explain in a minute.

    But below you can see a very stable balance chart even though there was a period of stagnation with this Forex strategy.

    However, we have over 900 count of trades for the last 3 years and something. So this is a huge statistic that I have as a Forex strategy resource or I can say as a proof that this strategy worked well for that period of time.

    You are taking chances without a Forex strategy

    And it keeps trading well right now because after having 939 trades executed in the last 3 years, this gives me the signal that this Forex strategy is going to profit in the future as well. If you don’t have such a statistic, you’re playing chances, you will lose a lot of time on a Demo account, and you cannot see the precise entries as we see them right here in the EA Studio.

    On the chart below I see every single trade – where it was opened and where it was closed.

    We have a short trade executed and the Take Profit was reached. Another long trade, the Stop Loss was reached. Then we have a short trade, Take Profit was reached. Short trade, Take Profit was reached, and again, and again.

    And if you follow all of the Forex strategy resources that we have, you will notice that the Take Profit is hit much more often than the Stop Loss. This is why this Forex strategy is profitable. And if any of you are skeptical about having a smaller Take Profit than the Stop Loss, I will prove that to you.

    When we have the green line under, this means that the long trade hits the Take Profit if it hits the green line. If it is a short trade, you will see it’s red and if it hits this horizontal red line, it means that it hits the Stop Loss.

    The envelopes in that Simple Forex strategy

    So what is the Forex strategy for EURUSD in this case? We have the stochastic signal line crosses the signal line downwards. Stochastic signal for that strategy, K Period of 14, D Period of 6, and Slowing of 6. So the rule here is that the stochastic line crosses the signal line downward.

    If I click over the chart, I can see where are the stochastic signal line and our entry for a long or when we want to buy with this Forex strategy is that cross the happens between the 2 lines.

    You can see below the blue line crosses the red line downwards and this is a buy signal. The opposite thing, when the blue line crosses the red signal upwards, this is a sell signal.

    So this easy Forex strategy is for the sideways market. We are buying when the price is cheap and we’re selling when the price is more expensive. The exit rule of this strategy is with the envelopes. The bar opens above the lower band after opening below it.

    We have the envelopes. And for the people that are not familiar with the envelopes, when there is volatility, they open. And when the market goes sideways, they come together.

    The entry rule and the exit rule

    The price goes above the envelopes and if you go around the chart on such a Forex strategy, you will find out where the exits are. So, one more time, to summarize this simple Forex strategy, as Stop Loss we have 80 pips, and as Take Profit we have 20 pips.

    And then as an exit rule we have the envelopes, as an entry rule we have the stochastic signal. Just one entry condition and one exit condition. With Expert Advisor Studio we have a lot of statistics. If we go to the report we can see the statistical information about that strategy.

    We have average position length, we have bars in trade, count of trades which I said is very important, how many months were there on profit, in percentage, the Profit factor which is the gross profits divided by the gross losses and in this case it is 1.32 which is great.

    We have the balance chart on the side, count of entries by weekdays so you can see that this Forex strategy trades the most on Thursdays. Then we have profit and loss in currency by weekdays.

    Forex strategy statistics

    And if I scroll lower, you will notice that we have profit and loss in currency by entry hour, profit and loss in currency by exit hour, count of the entries, profits, and losses by entry hour,

    easy forex strategy stats

    position profit by position holding time.

    The market changes

    With this strategy, most often exit is with the Take Profit than with the Stop Loss and we have a couple of points with the exit condition of the envelopes. And below we can see which months during which year that the Forex strategy was profitable and when it was a losing one.

    So it’s absolutely normal to have losing month with any trading strategy. Even a profitable Forex strategy loses sometimes. And this is quite normal because the market changes all the time. The most important thing is to end up the year on profit.

    In 2020, so far I have a great profit. In 2019 my profit is not that big but it’s a profit, and in 2018 it was a fantastic result. This is trading just with 0.1 lot. If I switch to one complete lot, I have much bigger profits so it really depends on what is your money management about the Forex strategy and how you are managing your account.

    I will show you how that strategy looks on Meta Trader so I will insert the stochastic indicator which you can find in Oscillators.

    Just click on Stochastic Oscillator and then you go with K Period of 14 and D Period of 6. And Slowing, we have 6. So keep in mind that if you use the default parameters for any Forex strategy, you are very likely to lose.

    I use EA Studio to know the best indicator parameters

    The default parameters were invented by the brokers just because they want people to lose money. This is why with EA Studio I see which are the best parameters for the indicators. If I do any change, for example, I go with K Period of 12 and I click on Accept, I immediately see what is the difference on the balance chart.

    So this way I can notice and I can find out easily which are the best parameters. And actually, EA Studio gives these best parameters automatically because it has the generator which allows you to find a profitable Forex strategy at any moment just by generating it.

    But you can see that in the free course, I will not talk about that. I want to concentrate on how to use the Forex strategy properly and how to benefit from it. I will include, one more time, the indicator stochastic oscillator. So we have K Period of 14, D Period of 6, and Slowing of 6, and I click on OK.

    So I have already the stochastic oscillator and then I will add as well the envelopes. Insert, Indicators, click on Trend, and go to Envelopes.

    Envelopes

    And here I will use Period of 10 and I will use Deviation of 60 as the default. So as we said, the envelopes are 2 lines that go over and below the price.

    I don’t have to trade this simple Forex Strategy manually

    So these are the indicators and when I zoom, I see that my entry, my short trade came just after the 2 lines of the stochastic oscillator crossed.

    My entry

    After that, the Robot or the automated Forex strategy places the Stop Loss and Take Profit automatically.

    I don’t need to do it manually. Now, the price is going towards the Stop Loss but we will see what happened. If you want to backtest an Expert Advisor from Meta Trader, you can right-click over the chart, go to Expert Advisor and click on Strategy Tester.

    Click on Strategy Tester

    For a model, I’ll suggest you use Open prices only. The spread, you can leave it at the current or you can leave it a little bit higher so you will have a more skeptical result. And then you can use any data range or if I uncheck it, I will use the complete period I have.

    Trade settings

    And if I click on Start, the Expert Advisors with EA Studio work really fast. Here is the graph.

    The graph

    It is the very same backtest that we have in EA Studio which means that each Forex strategy which is created by EA Studio has the very accurate backtest on Meta Trader.

    You can import historical data from your broker with EA Studio

    And if you go to results, you can compare each individual trade. I have done it many times and I can assure you that the report is the very same one. Of course, if in EA Studio, you’re using the same historical data. So in EA Studio you have the option to import historical data from your broker. This is possible from the data tab.

    There are 2 scripts, drop them in Meta Trader and then export the files and drop them in EA Studio.

    Forex Historical data in EA Studio
    EA Studio drop zone

    I have a video in the free course about the same so I’m not going to talk about that. It’s very easy to do in just a couple of steps. So the backtests are very similar and this is the only way that you can check if a Forex strategy was profitable or not.

    Everything else is an illusion. If you go back over the chart and look for the entries and exits, you will mess it up.

    You are guaranteed not to miss any trade

    That’s the other benefit of using automated trading and Expert Advisors to execute your best Forex strategy for constant profits because you will not miss a single trade.

    That’s one of my Forex strategy secrets I want to share with you, don’t go back over the chart to look for the trades and to figure out if one Forex strategy was profitable or not.

    The only way you can do that is with EA Studio because it shows you exactly where the trades happened and what was the outcome, what I have shown you with the indicator chart. This is the only way you can recognize when the trades happened and when they were closed.

    It’s very detailed, I can recognize when the trade was open, where the Take Profit and Stop Loss were hit. So this is about the Forex strategies when you are trading with Expert Advisors. If you’re not a fan of Expert Advisors and Robots and you want to combine, for example, fundamental analysis with any Forex strategy, even such a strategy, that is just fine.

    When manual trading with this easy Forex strategy, you don’t need to look at the chart all the time.

    You need to be accurate and you need to stay in front of the computer but not all the time. So if your Forex strategy is on M15, you will have a new bar opening every 15 minutes. This means you don’t need to stare at the screen all the time, you can have a look at it just every 15 minutes. If your strategy is on H1, then you better have a look at it every round hour.

    And for sure, you can have a profitable Forex strategy if you are trading manually. I have many courses about manual trading, I have recorded 2 fantastic courses about manual trading. On our website, go to Online Trading Courses, here you will see all of our trading courses. But it’s easier with the categories.

    So if I click on Manual Trading, you will see 4 different courses we have at the moment.

    The manual trading courses on our website

    So the Professional Forex Trading will teach you a fantastic profitable Forex strategy where you will be doing full analysis over the charts and you will execute the trades by diversifying the risk on 3 different entries.

    The Forex Trading Education will teach you a great scalping strategy where I show how to enter and exit from the market very quickly. And the Forex Trading Course – London, New York, and Tokyo Trading System will show you a system where I’m trading just after the opening of the London or the New York or the Tokyo trading sessions.

    I test the strategies before sharing them

    So I’m catching the volatility at that moment and I want to be on the market exactly at that time. These 3 courses are very suitable if you want to trade manually during different hours of the day. And in each one, I show a relatively easy Forex strategy and for me, that’s obviously the best Forex strategy.

    In each course I try to put my best of experience and I have tested so many strategies along the years. Before placing any of the strategies in my courses, I test it for a long time and I make sure that this is a robust Forex strategy.

    Because at the moment, I have over 22,000 students enrolled in my courses and I cannot take the risk to provide a bad Forex strategy which will hurt, of course, my image and my reputation that I have already among the students and the traders, and I really cannot afford to do that.

    So everything I’m saying in this lecture is not just because I want to convince you into doing something. It is because I want to share my experience with you and I want to prove to you how important it is to follow a Forex strategy. Otherwise, you will be overwhelmed by emotions and you will be buying somewhere for no reason.

    Beginner traders follow trading news which is difficult

    This is how the people lose money. So what usually most of the beginners do, they open websites like Forex Factory and they start to follow all the news which is not an easy thing.

    Forex Factory website

    It’s very difficult to follow the economic calendar and to depend on fundamental analysis. This is how a lot of people really lose money.

    Because if you have a simple Forex strategy that is based on the economic calendar and you have some forecasts and you expect, for example, that the retail sales in the United States will become positive and that they were previously negative, there is no guarantee about it.

    It depends on what is the expectation which is actually much stronger than the result itself and quite often the result is different which reflects differently every time. We cannot backtest all of that. You cannot backtest how that performed because I have tried that very hard and I was very stubborn to try doing that.

    There are some websites that will show you the outcome of the market on the different news and you can monitor, for example, how the market behaved when the retail sales in the United States appeared. And if you have a simple Forex strategy where you will buy before the news if the forecast is positive, and if the outcome is even better value, you will close quickly your trade. That’s hard.

    The backtest is the key to find the best Forex strategy for consistent profits

    As well the brokers have slippage during the important news so there is no guarantee that your trade will be executed. I would suggest you even stay away from the market when there are important news because it’s really tricky.

    People want to get on the market when there are important news but they fail because they put emotions, they want to make quick profits. It doesn’t work like that.

    The brokers will not allow you to execute quickly trades just on the news no matter what forex strategy you are using – with pending orders or one-click trading, it will be nearly impossible.

    And as I said, you will spend a lot of time testing a strategy before you decide if this is a profitable strategy or a losing strategy. You will be testing on a Demo account for months or even years before you make the conclusion whether it’s a profitable Forex strategy or not.

    With EA Studio, the software that I’m using, I see that before I start testing the strategy. Because there is the backtest and I can see if that strategy was profitable according to many things.

    I have robustness tests like Monte Carlo which proves if the strategy is profitable with randomized indicator parameters, for example, and that saves a lot of time.

    forex strategy robustness
    Monte Carlo

    Refrain from copying other traders’ strategies if you want to learn

    And for me, this is the only way I can recognize if this is a profitable Forex strategy, if it’s an easy Forex strategy to follow, and if this is the best Forex strategy I want to use. The other thing people are doing is to follow other traders. There are many websites to do that.

    These are websites like Myfxbook where you can follow different traders and you can be part of any community. You can copy trades, another service for many of the brokers.

    Myfxbook website

    But guys, at the end of the day, if you are copying somebody you will not learn anything. You will just depend on their performance.

    Keep in mind this is a scam. There are so many people showing fake results. If I go to PAMM Brokers as shown below, I think this is where you can follow different trades with different brokers or Signal Providers so they will just give you signals and you will execute.

    follow traders with forex strategies
    The Reviews option

    There are a lot of scammers. These companies are basically taking the commissions, the fees to give you the signals.

    The outcome is not what you expect, it’s not definitely what they have promised you. I’m not sure what type of Forex strategy they follow. And you will not be sure as well if they follow any Forex strategy at all or they just give random signals.

    We teach how to create Expert Advisors without programming skills

    And if by luck you hit the Take Profit 1-2 times, you will say yeah this is great. Put more money and you will lose it all after that. The best thing is to stick to a Forex strategy that is suitable for your trading, for your trading style, and for your trading attitude. And, of course, it depends on the time.

    If you can trade for a couple of hours per day, if you can invest all of your time, or if you are not able to spend time in front of the computer, if you don’t want to stare at the charts all the time, I’ll definitely suggest you look for algorithmic trading.

    And in our Academy, we teach people how to do Expert Advisors and Robots based on a real Forex strategy without programming skills. This is what you can do with EA Studio and the Forex Strategy Builder Professional which are 2 great software to automate your trading, and most of all, to generate new Forex strategies for you.

    What I mean is if I go back to the EA Studio and I click on the generator, you have the chance here to build a new Forex strategy from scratch.

    The generator

    For example, I will use EURUSD on H1 and then for strategy properties, I will select 0.1 as an entry and then I will have a range for Stop Loss and Take Profit from 10 to 100 which means that all the Forex strategies inside will have the Stop Loss and Take Profit in this range.

    The generator

    And in generator settings, I can select how long I want the generator to be working, for example, 30 minutes, and what Acceptance criteria I would like to have. If I go to Acceptance criteria I can choose to have a minimum of 300 count of trades which I said is very important. Profit factor, at least 1.2.

    And if I run this generator and I click on Start, I see the speed of the generator and it is fascinating. I don’t know the Forex strategy secrets that are behind the EA Studio software, I don’t know how it works. But it generates new strategies.

    I can see in the balance chart that I already have calculated strategies. And in the collection, I see the results of all the generation for the 30 minutes and you can see below that already I have a lot of strategies.

    The collection

    If I click on any of them, I will see the entry rules and exit rules, and what is the balance chart.

    profitable forex strategy
    The strategy

    This profitable Forex strategy has a very good balance chart, a stable one and it’s going higher. I will definitely look into this strategy in detail and maybe use it for my trading. As you saw, I have generated this Forex strategy just for a couple of seconds with a couple of clicks. And I have the RSI as an entry rule and RVI as an exit rule.

    EA Studio free trial allows you to create many strategies and EAs

    Stop Loss of 65, Take Profit of 59 pips. Profit factor above 1.34. This is a fantastic strategy for EURUSD on H1 chart. This is how I create my best Forex strategy. I generate many, I analyze them, and I see which one I want to use for my trading. But first, I always test on a Demo account. So all the strategies that are in the generator after 30 minutes, I put them on a Demo account in Meta Trader to find my best Forex strategy for consistent profits.

    I have proof that each individual Forex strategy was profitable for that period of time. In this case, this is from 2017 until 2020 or the last 3 years. Don’t go too far back to backtest and generate strategies over 10 years because obviously you don’t want to base your trading on data that is from 10 years ago.

    But I would suggest you stick to the most recent period, the last 1-2-3, a maximum of 5 years. So this is a very easy Forex strategy method that you can do even with the trial period. Sign up for it and there are no obligations with it.

    Generate an unlimited number of Forex strategies and you can apply them manually if you want. Very easily, you will learn how to apply each Forex strategy by looking at the indicator chart or you can export it with one click for Meta Trader as an Expert Advisor for Meta Trader 4 and Meta Trader 5, or this is the Trading Robot.

    Export the EAs

    Practice on a Demo account

    After that, you just install the Expert Advisors on Meta Trader and you follow the results. This is how I do it. I place many Expert Advisors on Meta Trader, I follow the results, and I see which one brings the most profits to me.

    So, one more time, if I save it as a detailed report and I open it, what you will see is that I have a lot of trades open and closed for the last 7 days and I can easily see which strategy brought me profit and which brought me losses. On the bottom I have the USDJPY trades which brought me more losses.

    forex strategy statistics
    The detailed report

    I have 3 losing and 1 profit. Then I have the GBPUSD which brought me only profits. And then you can see so many profits with the EURUSD strategy, the one that I have shown you. So as a bonus for everyone who stayed with me until the end, I will include this strategy just below and you can download it.

    You can download this Expert Advisor but I’ll suggest you test this Forex strategy first on a virtual account, on a Demo account so you will not risk real money. And yeah, give me feedback on how it goes. I really hope that it will keep performing well.

    Here is the free Expert Advisor for this Forex Strategy

    Enter your e-mail and we will send you the download link:

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    There is no guarantee that it will keep performing well in the future as it does at the moment but now it makes profits and it is great – you will have a Forex strategy for free. You will have the Robot which you can use for your trading.

    If you have any questions let me know in our Forum. and don’t hesitate to test this strategy, it’s free. You don’t risk anything testing it on a virtual account.

    Enjoy!

  • Best Free Expert Advisor for MT4

    Best Free Expert Advisor for MT4

    Best Free Expert Advisor for MT4 – the secret big players don’t want you to know.

    As traders are getting progressively complex, so is the headway of trading stages and finding the best free Expert Advisor for MT4. The issue is that the methodologies the traders utilize are getting increasingly confounded with steps that the progression of trading stages can’t handle.

    So what should a trader do to take care of his issues?

    Utilizing the best MT4 Expert Advisor inventively could be the answer for a trader’s concern.

    To accomplish such an expression, a trader needs to utilize the beautiful open-based element, which is the free Expert Advisor for MT4. This is to tap upon the capability of customizing his trading tool to suit his diagramming needs.

    Nowadays we have the Expert Advisor generator which makes things much easier for every trader

    Also, why it is so hard to do it without the generator? One needs to acquire the administrations of an independent developer to build up the best Expert Advisor for MT4 or considerably more viably by working up a group of software engineers to build up his customized MT4 Expert Advisor further.

    The current MT4 Expert Advisor tooling capacities

    As the current MT4 tooling capacities permit a trader to plot outlines yet not trade off them, this is exceptionally wasteful. Therefore traders will lose openings since they can’t be there when the signs show up.

    It will be stunning to have graphing tools that can assist traders with getting informed for trade flags adequately and decide to trigger trades promptly without impedance with an inclining line drawn.

    MetaTrader trading computers
    Computers trading Forex

    This will give the trader a visual outline of what his entire trade procedure will be like initially. This is the eventual fate of visual trading. These will occur if just traders grasp the MT4 Expert Advisor highlight to help their diagramming tools quickly.

    If you are an active trader in the Forex showcase, Expert Advisors would be no odder to you.

    The MT4 has become so mainstream that some wealthy traders and organizations have wound up harvesting extraordinary benefits with its assistance.

    Indeed, even wealthy traders have utilized it furthering their potential interest to harvest benefits. Concerning learner Forex traders, this can be an incredible assistance to begin with as systems are given. Keep on perusing on to discover what MT4 is, and what MT4 advisors are.

    The MT4, short for Metatrader 4, is an online stage where it helps traders and establishments with the dealings in Forex.

    It is like a spot where you can make alters or accumulate data so you can customize your MT4 expert advisor or make changes to existing ones.

    This is one of the more mainstream strategies for making automated trading programming. In reality, intermediaries can get their customers to utilize their expert coaches that they have made from that stage.

    With MT4 steps, a robot is made without beginning from the starting point. To add on to this, traders who are keen on making their advisors as a productive Forex trading framework can do as such with the presence of the stage. 

    MetaQuotes Language 4 (MQL4) is utilized in Expert Advisors, and they are the kind of language that permits you to program in the trading techniques that you know.

    Fundamentally, the language allows them to be modified automatically into the trade accounts, whereby trade activities can be overseen promptly and legitimately from the requests from the server of the merchant, or whoever who is customizing the expert advisor.

    In any event, pending offers can be set and balanced, just as trailing stops set.

    Expert Advisors and the secrets big players don’t want you to know

    Would it be that the enormous banks and major budgetary foundations don’t need you to think about automated trading and for what reason do they attempt to delude you into accepting that automated trading doesn’t work? 

    Metatrader 4 or MT4 permits anyone with practically no past programming experience to construct and build up their trading robot.

    Your MT4 Expert Advisor robot can trade for you twenty-four hours per day, seven days per week, every day of the year. Numerous huge banks use automated trading frameworks somewhat or another.

    MT4 Expert Advisor
    Expert Advisor robot illustration

    Their structures run from completely automatic trading answers for semi-automated ones that handle the execution and following of the trades yet who’s genuine “trigger” is pulled by an individual. 

    When a trade has been started, your MT4 Expert Advisor robot can monitor it’s encouraging, move the stop to secure benefits, a “trailing stop,” and handle your cash the executives.

    It can close pieces of your situation at set benefit targets and a great deal more. Whatever your trading strategy requires an Expert Advisor can be modified to handle. 

    The realities represent themselves. Using a trading robot is a brilliant method to trade the Forex, and that is the reason large banks and significant budgetary establishments are utilizing them. On the off chance that they were not beneficial, do you genuinely figure these monetary goliaths would use them every day? 

    What’s stopping you from doing likewise? You shouldn’t be a cultivated designer with long periods of experience. In addition, individuals are ready to manufacture their automated trading frameworks surprisingly fast. 

    Forex Trading Made Easy With MetaTrader 

    MetaTrader is a free web-based trading program. This is a huge benefit as the client can trade locally established. The presence of MetaTrader has indeed redirected from the usual method of trading. 

    A MetaTrader Expert Advisor (EA) is intended for the MetaTrader stage. The client can drag the Forex currencies, and the MetaTrader permits up to 12 sets of coins.

    MetaTrader platform
    MetaTrader platform

    The MetaTrader Expert Advisor meets the necessity of the stage. It trades as secure as could be expected under the circumstances and adaptable with the market changes and patterns.

    It doesn’t make a difference if the client has no clue about programming or coding. There are many planned automatic Forex trading framework by programming proficient forex traders.

    Individuals new in Foreign Exchange trading will encounter the advantages of having the MetaTrader Expert Advisor.

    Everything is automatic. It guarantees benefit as it is available beginning from the opening of the trading until shutting, along these lines, increasing the client’s cash. Its foundation is adaptable and entirely steady.

    The client’s procedures can be moved to the duties of the MT4 Expert Advisor if the client has questions with his/her capacities because the MetaTrader Advisor is made with the guidelines and framework dependent on the standards of trading.

    Expert Advisor for MT4

    Indeed, an indicator varies from an expert instructor. An indicator gives you sign on the pattern in the market. Then again, an Expert Advisor gives you notice on the design just as the move to make.

    The Expert Advisor helps you in dynamic.

    As you probably are aware, undesirable components effectively influence human feelings, for example, dread, stress, and outrage. Hence, settling on a choice in the midst of touchy has been demonstrated lethal.

    Nevertheless, an expert advisor is feeling free and better in dynamic. You may be asking why we utilize an indicator if we can have an expert mentor. On the off chance that you are an accomplished trader, you will need to settle on your own choices.

    Moreover, you may have the trading techniques that you are sure of making benefits. However, indicators are just reasonable for transient trading. It is best to utilize an MT Expert Advisor as a guide for extended haul trading.

    It takes tolerance, challenging work, and learning to be a piece of the Foreign Exchange world. There is a lot of programming stages to pick. Many have positive audits and offer extraordinary benefits. In any case, there is nothing better to encounter the client itself the item and put it into working.

    One ought to likewise know about potential tricks. Therefore, doing due ingenuity before putting away well-deserved cash is an absolute necessity. Whether Meta Trader conveys what it vowed to the clients or not, the thing is, learning and understanding is the key for trading.

    Top Forex Robots and the best free Expert Advisor for MT4 

    Its quite easy to find the best Advisor when you have the chance to trade many. It is simple to test all of them on a virtual account and find which one is the kicker:

    The way the world sees Forex has changed and wonderfully so. Today, there is an entirely different rush of automation that is helping amateurs trade better.

    There are demo stages and live stages on which to trade. The robots by and extensive use of the Meta Trader 4 stage, which is the best out of the part.

    A large portion of these guide our fortunes and assist us with making boatloads of money, notwithstanding being defensive.

    We should look at three Forex Expert Advisor robots. 

    Forex autopilot – this one helps trade numerous currencies combines and has an extraordinary stop misfortune utilitarian to ensure against enormous misfortunes.

    The product has accomplished more than enough in handling different specialized subtleties of trading. It plays on showcase instability sand news related modifications in the market. 

    The autopilot permits short trading edges and puts as much as 150 positions every month with a triumphant rate approaching 80. The thought is to make income for representatives by following every aspect of the market.

    It believes pattern lines and is outstanding amongst other programming as far as distinguishing shrouded patterns. Autopilot chips away at the Fibonacci conservation chart to discover stock inversions. 

    Forex autopilot offers unconditional promise within 60 days without posing any inquiry. The thought is to cause the investors to feel protected and authentic about the item. 

    Forex executioner initially felt that this item was too acceptable and subsequently bound to be a trick. It hushed its faultfinders by speedy establishment post installment, free overhaul forever, unqualified unconditional promise, and extraordinary increases. 

    Forex executioner is a top Forex robot, which means to peruse showcase circumstance to come up with the best purchase/sell time. It is, in a general sense, favored with deciding on impeccable exit, and the section focuses on trade.

    In other words, this lets the product chalk out when stop misfortunes is set, and stop benefits are profited by. Breaking down rate pip change to show up at the perfect purchasing or selling time is itself very novel. 

    A previous bank currency trading advisor is behind the Forex robot and has made a framework that needs some request putting help from the client, even though it proposes that no automation is full automation. There is a combined support from the clients.

    Forex Avenger – Now, this one isn’t as discussed as the other two, yet on the off chance that you consider the arrival on venture (ROI), it is around the best. It has confidence in the outright assurance of trader cash. This is the reason the stop misfortunes are excessively traditionalist in contrast with the business standards. 

    Advantages of Expert Advisor for MT4

    In the previous days, foreign trade trading has been compelled by natural areas and the sun’s situation in the sky. Combined with tons of administrative work, that painted the dismal and genuine image of botched chances because of every one of these factors. 

    The new mechanical age presents the cutting-edge money-related trader with 24 by 7 chances to receive rewards paying little heed to area and time. However, the human trader is just ready to work for specific hours of the day, at last watching some Sabbath before having a breakdown successfully.

    They act and respond to economic situations dependent on rules set by their traders. 

    MT4 Expert Advisor, here and there known as MetaTrader 4 Expert Advisor, permits you to perform automated trading by effectively monitoring the market. They help you to automatically performing routine undertakings dependent on trading procedures or indicators.

    Versatile traders do not keep separate from the image as they remain current on monetary market data and investigation. On occasion, you hold various trading accounts. The best free Expert Advisor for MT4 can help you to, at the same time, oversee them in one spot.

    The MT4 program empowers you to customize indicators to mirror your trading methodologies and test them out. In addition, when you change them to suit your targets and try well, you would then be able to run them in certain economic situations and ideally observe the advantages move in.

    A man trading online

    As further motivating force to MT4 Expert Advisor clients, there is a network to contrast and trade or sell systems and other traders. In the course of iron honing iron, you then learn to improve your arrangement of advisors and appreciate the additions of sound budgetary choices.

    Different associations support rivalries to spike traders to think of pearls of Expert Advisors. They run without human intercession for a particular length of time to display perseverance to unusual market conduct.

    Looking for the best free Expert Advisor for MT4?

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  • Forex EA Generator for Millions

    Forex EA Generator for Millions

    Forex EA Generator

    EA Generator is the dream of all algo traders and MQL developers.

    Dear traders, before I start with the software Expert Advisor Studio, I will make it very clear what is the Forex EA Generator for the beginners.

    This is a program that creates new strategies for Expert Advisors from scratch. It uses Historical data from the broker you are using and generates the rules for entry, exit, Stop Loss, and Take Profit. Let’s have a look in-depth at EA Studio.

    I have imported the data from the broker I have selected to use for this course. And now, I will create strategies for EURUSD on M15 chart,

    Historical data

    and also after that, I will create for H1 chart. So I will leave it to EURUSD.

    With the Forex EA Generator from EA Studio, you have different symbols that I have exported from JFD.

    And if you just want to use MetaTrader-Demo, the data that comes by default, you have some symbols that you can use. So I will stick to EURUSD on M15.

    And then for strategy properties, I can set the range I want to have for the Stop Loss and the Take Profit. And, as well, I can set the Entry lots. I will leave it to 0.1. And I prefer always to have a Stop Loss.

    If you select May use, it means that some of the strategies that will be generated will have Stop Loss, some of the strategies will be without a Stop Loss. But I stick to Always use Stop Loss.

    And as a range, I will leave it from 10 to 100. As a Type, we can use Fixed Stop Loss, or we can use Trailing. We have the option to select Fixed or Trailing, which means, again, the software will decide which type of Stop Loss to place. I will leave it to Fixed.

    EA Generator settings

    Take Profit; we have Always use, May use, Do not use, again the same logic. You choose if you want to have it or if you will leave it to the software. I will stick to Always use and again range from 10 to 100.

    So this means that all of the strategies that I will have in the collection will have Stop Loss and Take Profit within the range between 10 and 100 pips.

    Strategy properties

    As EA Generator settings, I can select how much time I want the Generator to be working. Usually, I leave it for about 10 hours. I leave it overnight. 

    And then I have a couple of more options that I will not get into in-depth details, but Search best means how I want to organize the strategies, I want to see on the top the ones that have the best Profit so I will leave it to Net balance.

    In Sample and Out of Sample is something very interesting that I will be using. If I leave it to In Sample, this means that the Generator will use all the historical data I have imported.

    If I use Out of Sample, for example, 20%, this means that the Forex EA Generator will use 80% of the historical data, and it will test the strategies for the last 20%.

    Generator settings

    The Acceptance criteria

    So let’s say we have ten months of historical data, and I leave it to 20% Out of Sample, this will mean that the Generator will use the first eight months of the historical data, and the last 2 months, it will simulate trading for the strategy. So it is something like we would place this strategy 2 months ago.

    But now this is 20% out of the whole historical data and in the next lectures, we will see how much time exactly that is. Below, we have the option to choose if we want to use preset indicators, which I usually don’t.

    And then, we have to Use the standard Acceptance Criteria, which is something fundamental. From here, we set the minimum criteria for the strategies.

    Acceptance criteria

    For example, with Forex trading, I always stay above 300 Count of trades, and I will even increase it now to 500. So the idea here is that we want to depend on strategies that executed many times during the backtest.

    We don’t want to rely on a strategy that was executed just a couple of times like 10, 20, 50 times for this period that we have from the beginning of 2018.

    Profit factor in the Forex EA Geneartor

    We want to have many trades that were executed for this strategy so we will have a stable statistic. If we have a nice Balance chart, it will be more reliable if this strategy was executed more times.

    So basically, this way, we will be sure that all the entry rules and exit rules are in the right combination, that this strategy had many trades, and at the same time, it remained profitable.

    I will go back to the Acceptance Criteria, Profit Factor. I always use the Profit Factor above 1.2.

    And for the beginner traders, the Profit Factor is the gross Profit divided by the total loss or the profits divided by the losses.

    Now, below we have In Sample part and Out of Sample part. And this was an update from EA Studio, which changed the Out of Sample tool.

    Before that, I was not using it a lot, but now I’m using it because these 2 are separated. So I can select the Minimum Profit Factor of 1.1 for the In Sample part, and 1.1 for the Out of Sample part. And what does this mean?

    EA Studio’s speed is unique

    This means that the EA Generator will select strategies that had for the complete backtest Minimum Profit factor above 1.2. Still, at the same time, these strategies will have a Profit factor above 1.1 in the In Sample and the Out of Sample part.

    Or in other words, in the green zone, the 20% where we are simulating trading, we will see just the profitable strategies, where the profits are more than the losses. 

    I will just remove the Acceptance Criteria, I will press on Start, and the speed of Expert Advisor Studio is impressive. It calculates strategies extremely fast. Now, let me stop it, and you see that already in the collection, I have 28 strategies.

    The Collection

    So what you see is that in the In Sample part, which is the white zone, these strategies are going up and down, as well in the Out of Sample part, going up and down, but let’s focus on the 2nd strategy.

    It makes Profit in the In Sample part, this is where the Generator was working, and in the Out of Sample part, it was losing.

    The 2nd strategy

    When it was backtesting this strategy for the last 20%, it shows losses. Now, I don’t want to see these strategies in my collection. I don’t need them. I don’t want to lose time with them.

    The Validator 

    And by placing Profit factor above 1.1 in the Acceptance Criteria for the Out of Sample zone, I will eliminate the strategies that are losing in the last 20%. I hope it’s clear.

    I will remove it now, I will go back to the Generator, and I will click on Use the Acceptance Criteria, which, one more time, has the Profit Factor and the Minimum count of trades.

    Now, next to the EA Generator, you can see there is a small arrow. Below, you can see the Reactor and then the Validator.

    The small arrow beside the Generator button

    The Validator is used to recalculate all strategies that were once created with the EA Generator.

    The Validator

    You can import them, and you can recalculate it with the new historical data, something very useful, but I will now use the Reactor. So the Reactor is a generator, what I was showing so far, plus some optimization tools and robustness tools.

    The Reactor

    One more time, I’m not getting into details about all of that. I just want to show you how I’m using it. But in this Top 10 EURUSD course, I will only use the Monte Carlo validation, which is very useful. So the Monte Carlo performs different tests for the strategy. In simple words, it tries to break the strategy before we use it.

    Monte Carlo

    And I will dedicate one lecture to Monte Carlo because it’s an essential tool for checking the robustness of the Expert Advisors. So for the moment, I will just select it, I will stick to the default 20 Count of trades and 80% validation tests.

    Monte Carlo

    In very simple words, it executes different tests for the strategies with different parameters, different backtest starting bar, and things I will explain in the next lectures.

    But now, I will just include it. And before I click on Start, I will just select to use the common Acceptance criteria which I have prepared.

    I have the Monte Carlo, so I click on Start. And now what happens is the Generator starts working. It works so quickly. It was unbelievable for me when I first tested it.

    So it’s generating strategies, but in the collection, I will see only the strategies that are within my strategy properties that pass the Generator settings, the Out of Sample, and the Acceptance Criteria.

    And the strategies that pass the Acceptance Criteria, which have 500 counts of trades, 1.2 Profit Factor and 1.1 for the In Sample, and for the Out of Sample, they will go to Monte Carlo.

    Feel free to try whichever timeframe with the Forex EA Generator

    If Monte Carlo allows them to pass, they will come to the collection, and this is where I will see them. I already have above 3,000, almost 4,000 strategies generated and calculated, but none of them passed the Acceptance criteria and the Monte Carlo.

    Now, I will leave this EA Generator working for 10 hours, but while it’s working, what I will do, I will start a Reactor for one more timeframe, which is H1.

    I will go again to the Expert Advisor Studio, and I will prepare the very same settings that I did for the other Generator. So I have some old collections, I will remove them.

    I will log into my account, and I go to Reactor straight away. So what I have, JFD, H1, I will just make the very same settings. Now, why do I use M15 and H1?

    Naturally, it’s not like these are my favorite timeframes, but with time I tested so many strategies, hundreds, thousands because I’ve been doing this for so much time.

    I have tested so many strategies over the years. What I’ve noticed is that with M15 and H1, I get the best results. That’s personally me. If you want to test it with different timeframes, you are very welcome to give it a try. You will still find some decent profitable strategies.

    Don’t hesitate to ask questions in our Trading Forum.

    But for me, I figured out that using M15 and H1 works the best. So I will now prepare the H1 Reactor, and I have the Monte Carlo. I will make it to 20 Count of trades, and 80% validated tests, and I will click on Start. Now, the two will be running simultaneously.

    This is very nice of Expert Advisor Studio because you can use it on different computers, you can use it on different browsers, and at the same time, you can generate strategies for different assets and timeframes.

    So I will leave them both and already in the first one I have one strategy. Let’s have a look. You can see what an equity line.

    The Collection

    Profitable in the 80%, in the In Sample, and productive in the last 20%, Out of Sample. I click on it. It’s a simple strategy. This is what we are looking for. One entry rule, Stochastic, one exit rule, Bollinger Bands, and it had 665 count of trades, which is excellent.

    Now, I will leave the two reactors working, and I will continue with the results that I have.

    Thank you for reading, and always reach out to me with questions if you have about the Forex EA Generator.

  • Day Trading for Beginners – The Ultimate Guide in 2020

    Day Trading for Beginners – The Ultimate Guide in 2020

    What is Day Trading?

    Day trading is a subset of Forex trading. Forex trading, also known as foreign exchange trading, is the process of trading various types of currency.

    A Forex trader uses indicators to decide whether or not the market will shift in favor of a specific type of currency and then buy accordingly. If they make their estimates correctly, they can end up making large sums of money, depending on the amount they invest and the leverage that they use.

    day trading example

    This can be a long process. Some people will make an investment (buy a type of currency) and then keep that currency for months or even years at a time until the market does what they want.

    This commitment can be overwhelming, especially for new traders, so many people choose to do what is known as day trading. With Forex day trading, all trades are made within a trading day.

    People often prefer day trading to regular Forex as they consider it to have a lower risk level.

    This is not to say there is no risk, or even only a small amount. It is just less than regular Forex trading because you are only holding onto the securities for a day.

    We have dedicated a complete course to Day trading with Expert Advisors. In this course, we will teach you how to trade with 10 Robots simultaniously:

    Because the market probably will not shift that much in one day, you probably will not lose that much money even if a trade does not go your way. However, that same logic can prevent you from making large sums of profit if your trade does not perform well quickly.

    Terms to Know while Day Trading

    There are some general terms that you need to know before you get started with day trading. These are terms you will hear both in your research/any education programs you do as well as while you are actually completing the Forex day trading for beginners.

    While they are not all the terms you may come across, it will give you a base to start with. It is important to understand these basics before you get started with any actual trading.

    day trading
    Forex trading charts

    Ask Price

    When a seller lists security, they will list it under an ask price, also known as an offer price. This is the lowest amount they plan to take from traders interested in it.

    If only one person shows interest, this is the price it will often go for; however, with multiple buyers, it can go up. (See bid price.) With other types of buying/selling, buyers can often haggle a person down to a lower price, that is not usually the case for day trading.

    Bid Price

    This is the highest amount that a buyer is willing to pay/trade in order to get a certain currency/security.

    The buyer or trader with the highest bid price will almost always be the one to secure the trade. In Forex trading (including day trading for beginners), one trader can play the role of the buyer and seller simultaneously, which can make the bid price and the asking price interchangeable.

    Limit Order

    A limit order is a limit that you pay to ensure that you buy and sell at a certain price based on the market.

    Setting a limit order helps a trader ensure that they make as much money as they can, or at least not lose very much. If you are acting as the buyer, it is the highest price you will pay. If you are acting as the seller, it is the lowest price you will take. You may have both types set at one time.

    Margin Account

    A margin account is an account that you can agree to set up with a brokerage.

    With a margin account, you will be able to trade with a currency that you do not personally have but is provided to you by a broker based on the money you can provide. The amount that you can control with every unit of currency you provide is known as leverage.

    Some brokers give every trader the same maximum leverage option, while others will give you more if you prove that you have experience and make good trades.

    Intraday

    Intraday literally means within the day because it represents something that happens within a single trading day. Usually, a person will use it when they are talking about a price change or changes that happen in a single day.

    As a day trader, you will talk mostly about intraday occurrences.

    Liquidity

    When you secure a trade, you will want to turn it into cash of some sort. This takes time. How long it takes depends on various factors such as the broker, the kind of payout you are looking for, etc. The time it takes for a security to be converted is known as liquidity.

    You may also hear the term used in reference to a trader’s capability to transfer a security/securities.

    Market Order

    This is a common term in day trading.

    A market order is an order that a trader may place if they want to buy or sell securities at the best possible market price at the time the order is placed.

    Market Indicator

    All traders use market indicators to make their decisions when trading. These are indicators that show a trader in what direction the market is moving.

    Forex day trading indicators
    Forex Indicators

    Indicators can be shown in technical data and can also be a feeling that the public seems to hold. Understanding market indicators is key to making profitable trades. Remember, indicators are not foolproof, and predictions can be wrong.

    Scalping

    Day traders will often use the strategy known as scalping. When someone is scalping, they make lots of trades, each with small amounts of profit.

    When a person makes lots of these trades, they can end up with a substantial amount of profit, despite the small amount gained by individual trades.

    Long Trading (Buy)

    Long selling is another trading strategy. With this strategy, a trader buys large quantities of securities in hopes that the market will result in the securities gaining value.

    If they do, they can sell the large quantity for more than they bought it for and make a profit.

    Short Selling

    This is another trading strategy where a trader only sells securities that they borrow from a broker. Then they repurchase the securities at a lower price point, give the securities back to the broker, and keep the difference.

    If the market results in them having to buy back the securities at a higher price point, the trader loses money.

    Benefits of Day Trading

    With Forex day trading you do not have to worry about any overnight risk.

    Market prices fluctuate the most overnight, up to ten percent. That means while someone is sleeping, they risk losing a lot of money. With day trading, you avoid this risk completely by both buying and selling your assets in a single day. Of course, this also means you may miss out on a substantial overnight increase in profit.

    With any kind of trading, education is important to ensure that you make good choices.

    However, with day trading, you can learn a lot about what you need to go as you go. As you trade, you will gradually learn more and more trading patterns and trading strategies.

    You will also figure out which one(s) work best for you. Remember, it does take time to figure out what you are doing and become truly profitable.

    One benefit of all types of Forex trading, including day trading, is that it offers people the chance to work from anywhere, whether that be at home, on vacation, etc.

    Day trading from around the world
    Day trading can be done from anywhere around the world

    Why Learn Day Trading

    With education, anyone can learn to do day trading, either as an added bonus to their regular income or as their only income. It also does not have to be overly time-consuming if you learn how to trade with robots in automated Forex trading. If you are a beginner, it is super important to learn day trading before you risk any real money.

    Skipping education is the biggest mistake that all beginner traders do and many of them regret it after that. They start day trading without any education, without taking a course, or even without watching a single video on YouTube.

    These beginner traders see some ad, they open an account with a broker, start trading, and guess what happens? They lose money. 99% of the people that start without any education blow their account in the first 1 month. I’ve been working for 6 different brokers, I’m telling you a statistic. That’s not something I’m guessing.

    99% of the people that start without solid education blow their accounts in the first 1 month.

    What does it mean to blow your account? You fund an account with $1,000 and you lose it all, this is blowing an account.

    So it is very important to learn day trading or to learn to trade in general before you risk your first dollar. I’m recording in December 2020, there are so many possibilities that you can learn online. You really don’t even need to go to any kind of academy, the university even, a school for trading, everything is online. It’s super easy and effortless. Perhaps not effortless because every time you learn something you need to put some effort but it’s much cheaper.

    Study Hard To Learn Day Trading

    For example, when I wanted to learn to trade, and I mentioned that in many of my videos and courses, I had to choose between 3 academies during this time. One was in London, another one was in Australia, and the third one was in the United States. Obviously, for me living in Bulgaria, the easiest one was to go to London, the cheapest one even if it was super expensive for me.

    It was about £4,000 which at that moment, just graduated, it was so expensive I had to take a loan from one of my friends, unfortunately. That’s the only time I have ever taken a loan in my life, it was for my education in London for trading. It was expensive for me. So at that time, I had to actually travel to London, I had to find a place to stay. There were expenses of course and I got a solid education. I did my best to learn. Every day I was first in the academy, and I was always last to leave the academy.

    A lot of the traders were really serious all the time. But one of the traders one day asked me, “Petko you don’t stay here to sleep, right? You go home, right?” I said, “Well, I don’t have a home here but yes, I leave the academy late in the evening and I always come first in the morning.” Because I really wanted to grab the maximum out of the guys. There were some really experienced guys that I’ve met and I guess I was very naughty to them, I was very eager to learn.

    You Can Learn Day Trading Online

    So all the time I was going to their desk and I was asking, “What are you doing? What is that? How?” I was interrupting their trading but I really wanted to learn trading at this time. It was a one-time opportunity so imagine the education there was a few months and I knew that this was my shot. This was the time to learn to trade for me. I said I’m on the spot, I have to learn to trade because when I go back home I probably won’t have a second opportunity to go back there to learn.

    Forex trading basics education - learn day trading

    So I had to remember it all. I was taking notes and I was staying so many hours in there. Then in the evening I was just reading the notes and preparing the questions for the guys for the next day.

    So the reason why I’m telling you all of that is that nowadays you don’t need to do that because everything is online. I mean look, because of the Coronavirus, even the kids are not going to school in most of the countries. They’re not going to school right now in Bulgaria, everything is online.

    But when it comes to learning day trading, you have the opportunity nowadays to learn online. There is YouTube where there are so many useful videos that you will find. Of course, I know it’s really hard to decide and to choose the videos to depend on, or the strategies, because there are so many people just promoting different services, they promote brands, they promote brokers, there are so many scam people out there.

    Find Reviews Before You Choose A Trading Mentor

    So be careful when you are choosing the mentor from which you want to learn day trading. What do you need to look at? Reviews. Find reviews about the guy, the trading academy, or the place from where you want to learn. If there are good reviews then maybe you can trust that.

    man leaving a review
    Reviews will help you to decide where to learn day trading

    The second thing, look for some proof from the trader or from the mentor how he trades, what he does. Is he actually showing the screen like what I do in most of my courses?

    Is he sharing his trading screen or not? This is why when I record most of my courses, online courses, I don’t show what I’m doing right now, I don’t show a lot of my face. Just at the beginning so the people can get to know me and then I share my screen and I say this is the setup, this is how I trade, here is my account, this is where I open trades, this is where I close trades, this is how I use Robots, and so on. I show the real thing because what a lot of instructors do is just keep talking.

    They keep talking, slide shows, theory, you cannot make money out of theory. Not in trading. Maybe in anything else but not in trading.

    Something very important, make sure that the guy who is teaching you is real.

    They show you a real name and you know this is their real name. So I’m Petko, this is what I say in most of my courses.

    Do Not Be Scammed

    In my videos I say hello guys, this is Petko Aleksandrov or hello traders, this is Petko Aleksandrov. It’s me, I’m teaching, I’m showing, and I’m a real person. Why am I saying this? Because I don’t know as I said, the statistic about the losing traders, I don’t know about the percentage but I guess more than 50-60% or even worse, 70-80% of the mentors and the traders don’t use their real names.

    They just want to sell some product until they get so many bad reviews that they cannot sell it anymore. Then what will they do? They will change the name, another brand, another way of marketing, and they start selling again. Just like the scam brokers work. This is how the scam brokers work. They establish a brand, they scam as many people as they can, and then they change the name, change the location, and open a new brand with a new name and scam the very same people they scammed before.

    Scam brokers want to sell you something before get many bad reviews

    Why do I say that? This is because, daily, there are so many people being scammed. Thousands of people are being scammed from the Forex brokers. Be careful when you choose your broker and when you choose a place to learn day trading. But make sure you take a good education. Make sure you take it from a trusted place and make sure you have contact with the person. At the moment, we do our support, for example, in the Academy with the forum because I know all of these things from before.

    Visit Our Trading Forum

    So when establishing the Trading Academy, for example, which is one of my biggest projects that I’m very proud of, when establishing the Trading Academy, one of the things that took me the longest to think about and to come up with the solution was the support to the people, how they will have direct contact with me. Many of you will say email. That’s the easiest thing. What you need to think about, when I answer emails, no one else sees. So if you have a question for me, you send me an email, I will send you the answer but the same question maybe another 10 people will have.

    learn day trading in our forum
    You can use the forum to learn day trading

    So I decided we need a forum. One day it just clicked in my mind we need a forum because when you ask me a question, I answer, and so many more people will see it in the forum. They will add to this question or even they will answer to you instead of me and we build discussions, we exchange so many different ideas, and as well, for me personally as a trader and as a mentor, the forum is the proof that I’m a real person. Because if we’re scamming the people, then obviously we wouldn’t place a forum.

    You can learn a lot about trading in our Forum

    Because everybody will be writing there: Hey you know, Petko promised that but he did that. I will not be Petko, probably I will be John. The brokers never have forums. Why? Because they don’t want to have places where the people will start complaining. They can complain as much as they want at the email of the broker, nobody will see that.

    So having a forum for me was a great idea that came to me where we will do much more useful support to the people and at the same time, the people will learn from one another. We will build the community with the forum.

    You know, when somebody asks me on the email, “Is this for real? Are you promising 30 days money-back guarantee?” We have the 30 days money-back guarantee and somebody asks me in the email, “Is this for real?” Do you know what I answer? We have a forum. That’s it. If it’s not real, if we lie to somebody, obviously, he will complain in the forum and that’s it, we are done. We will lose our name. So forums are another great method to learn day trading.

    Give Day Trading The Seriousness It Deserves

    Of course, there are a lot of empty talks in there, there are people promoting different stuff in the forums, so please don’t promote anything in the forum. It will be deleted immediately as a post. But the idea of this lecture is because I want you to think of a trader or of trading as a serious business. Imagine this is, let’s say, programming. In order to find work as a developer, you need to learn to write code.

    Maybe a lot of companies will hire you and they will teach you to do that but trading is a serious thing. It’s not a hobby, it’s not a passive income that will come just if you are clicking on your mobile to buy and sell on some platform. Take it seriously.

    Trading is a serious business, you’re risking ready money. You’re risking your saved capital which is the most painful when you lose money.

    So make sure you learn day trading, make sure you learn algorithmic trading, make sure you learn cryptocurrency trading. It’s a great opportunity nowadays to profit from the cryptocurrency market.

    First Practice With A Demo Account

    Learn to do it in a virtual environment. All brokers offer Demo trading so make sure you learn in a virtual environment and when you’re ready, you can go for it. When you feel comfortable, when you have the skills and knowledge, don’t hurry to risk real money before you are ready for it. Learn to do it, guys.

    With trading, you can use what is known as leverage to increase your investment beyond the money that you can actually offer up.

    You should not use leverage, or at least not much of it until you have some experience. But when you do, leverage allows you to make a much bigger profit in the time that day trading provides you with.

    Brokers

    There are lots of brokers out there that you can use to complete your day trading. You will need to figure out which one works best for you, and it may be different than other traders that you know.

    Before you begin to compare brokers, you will need to figure out your personal trading style. Consider how often you trade, what time(s) you want to trade, how much money you wish to use, and what tools you want to have access to.

    There a few main things that you want to consider before choosing a broker.

    • Cost. There are many things that are involved in the cost. You want to consider what their commission is. A lower commission will result in a higher profit for you. You also want to consider what their minimum deposit requirement is, what their margin rates are, if they have a trading limit, etc. Figuring out all the different cost requirements and investment limits will help you figure out if a broker is right for you.
    • Features. You want to consider what features are most important to you. Consider whether a broker offers tools for research and analysis, whether or not their platform is user friendly, is there a mobile platform and is their trading platform quick in execution.
    • Customer service. You are trusting a broker with your money, so it is important that they have good customer service. If something goes wrong, you must be sure that you can get in contact with them. Some brokers are hard to contact for issues, while others offer full-time support with extremely short wait times.

    Day Trading Strategies

    With time, you will begin to develop your own trading strategy, but there a few main types.

    Above, you have already read about scalping, long trading, and short selling. Those are the three main types that you use in day trading. There are other Forex trading strategies, such as breakout, reversal, and momentum, but those are primarily long-term trading strategies.

    Researching those three strategies and more, even if they are not initially designed for day trading for beginners, can help your figure out your personal trading strategy.

    Patterns

    Learning how to correctly use trading patterns will help you make profitable trades. The market tends to repeat cycles over and over again. If you figure out what these key repetitions are, you will know when the best times to buy and sell are.

    First, you must learn how to read a market chart, and then you can learn about the patterns that you need to look out for. The most distinguishing factors when it comes to trading are breakouts and reversals. A breakout is when the price moves past a critical level, and a reversal is when the trend changes direction.

    Robots and Day Trading

    Robots are commonly used with regular or long-term Forex trading, but they can also be used in day trading for beginners. Trading robots, also known as Expert Advisors or EAs, allow you to spend less time in front of the computer and more time doing other things you are interested in.

    Trading robots are essentially code that makes the trades for you based on parameters you set/the strategy that you input. This can sound daunting, especially if you do not know how to code. There are online companies that will allow you to input a strategy and then will create a robot for you to download and use.

    Conclusion

    Day trading can be done by anyone as long as they have the education that they need to make profitable trades. This education can be grasped by reading articles such as this one and by taking an online course for day trading for beginners.

    There are many options for online courses available to you, some specifically for Forex trading. You will learn strategies, patterns, and the basics of foreign exchange trading. You can even learn how to use robots to make the process that much simpler. After you have an education, you can begin making money through Forex trading.

    Forex trading is the process of buying and selling various types of currencies. The currencies are traded against each other as exchange rate pairs.

    Day trading is part of Forex trading which consists of buying and selling of a security within a single trading day.

  • Forex Education – How to Learn Forex Trading ?

    Forex Education – How to Learn Forex Trading ?

    Forex trading, also known as FX trading or foreign exchange trading, is a global market for trading currencies. Starting forex trading can be quite an exciting challenge. One needs adequate forex education to be in a place to understand this complex market. With the appropriate forex trading education, traders can decode the market, see the trends, predict currency movements, and make moves accordingly.

    Main features of full-fledged forex learning are going through some structured courses, undergoing live trading simulations, and being guided by experts. These elements provide an in-depth understanding of market dynamics, risk management techniques, and trading psychology. This will help you gain confidence and hone your decision-making skills, thereby trading accurately and smoothly.

    In short, Forex or FX stands for Foreign Exchange; where instead of you, trading stocks, bonds, or indices – you trade actual currencies like the US dollar (USD), the British pound (GBP) over the Euro (EUR) or Japanese Yen (JPY).

    Investing in Forex education will turn into actual money through your trading performance. You can catch opportunities, minimize risks, and obtain returns. Enroll in fx traders academy, which could give you a disciplined learning environment to master how to learn Forex trading properly. Start your path toward this education to reach your fullest potential in trading and attain financial success.

    This guide aims to provide an extensive overview of forex trading education, ensuring that newcomers are well-prepared before they start trading with real money.

    Table of Contents:

    Forex education online
    Forex education online

    Getting Started with Forex Education – Why is Forex Education Important?

    When hear first time about Forex trading, many often want to jump right in and want to start making money without having any Forex education. Unfortunately, that can result in losing much more money than you end up making.

    Forex trading is highly risky, and without the right knowledge, a trader may suffer losses. Proper forex trading education enables the evaluation of risks and helps make balanced decisions about potential rewards against downsides. Emotions can cloud judgment, but with solid education, traders learn to remain objective and strategic.

    For that reason, Forex education is a must before risking any real money. Once you have the skills, you will be able to evaluate your risk versus your reward and make successful trades.

    Understanding Forex Trading: What You Need to Know

    Forex trading is the process of buying and selling currencies in the global financial market to profit from changes in exchange rates. It is the largest and most liquid financial market in the world, with a daily trading volume averaging US$7.5 trillion as of April 2022. This market operates 24 hours a day, five days a week (except for weekends) involving major financial centers worldwide (trading from 22:00 UTC on Sunday (Sydney) until 22:00 UTC Friday (New York). It is driven by various factors such as economic data, geopolitical events, and market sentiment. Transactions are conducted over-the-counter (OTC) – meaning transactions are executed directly between parties rather than through a centralized exchange – via a global network of banks, brokers, and financial institutions.

    In the forex market, participants include central banks, financial institutions, corporations, hedge funds, and individual traders. Each plays a crucial role in determining currency prices through buying and selling activities.

    To excel in forex trading, you need to have proper forex education. This involves understanding market fundamentals, technical analysis, and risk management strategies. Enrolling in an fx traders academy can provide structured forex trading education, tailored to enhance your trading skills and profitability.

    Therefore, success in FX learning requires a meticulous approach to market analysis and decision-making. Whether you are new in learning forex trading or want to deepen your knowledge, grasping these basics is key to success in this dynamic market environment.

    At glance:

    • profit from changes in exchange rates
    • daily trading volume of US$7.5 trillion
    • operates 24 hours a day, five days a week
    • over-the-counter (OTC) market

    Key Concepts in Forex Trading

    Forex trading involves buying and selling currencies in pairs, with exchange rates indicating how much of the quote currency is needed for one unit of the base currency. Currency pairs are divided into major, minor, and exotic categories based on liquidity and trading volume. Understanding PIPs, lots, and leverage is crucial, as PIPs measure price movement, lots standardize trading sizes, and leverage allows significant positions with minimal capital. The spread, or difference between buying and selling prices, serves as the broker’s commission. Now let’s explain a bit more about the key concepts in forex trading.

    Currency Pairs and Quotes

    Currencies are traded in pairs, such as EUR/USD or GBP/JPY. The first currency in the pair is the base currency, and the second is the quote currency. The exchange rate indicates how much of the quote currency is needed to purchase one unit of the base currency. For example, if the EUR/USD exchange rate is 1.20, it means one euro can be exchanged for 1.20 US dollars.

    Major, Minor, and Exotic Pairs

    Currency pairs are categorized into major, minor, and exotic pairs. Major pairs involve the most traded currencies, such as EUR/USD, USD/JPY, and GBP/USD, and typically have the highest liquidity and lowest spreads. Minor pairs, like EUR/GBP and AUD/NZD, do not include the US dollar but involve other major currencies. Exotic pairs consist of one major currency and one from a developing or smaller economy, such as USD/TRY or EUR/SEK, and often have higher spreads and lower liquidity.

    Understanding PIP (Percentage in Points), Lot, and Leverage

    A pip, or percentage in point, is the smallest price movement in a currency pair, usually measured to the fourth decimal place. Understanding PIPs is essential for measuring profit and loss. A lot represents the standardized trading size, with a standard lot equating to 100,000 units of the base currency. Leverage allows traders to control larger positions with a smaller amount of capital, amplifying both potential gains and losses. For instance, a leverage ratio of 100:1 means a trader can control $100,000 with just $1,000. To keep it simple, leverage is essentially a virtual multiplier of your account’s balance

    Spread

    The difference between the buying price and the selling price. This is naturally the broker’s commission. For example if you sell a used car, to a used car dealer, they buy it from you, they mark up the price then they then sell it to someone else. The markup is their profit. If you have a Buying Price at 106.92 and Selling Price at 106.90 when you first start a trade, the two points are essentially your broker’s markup or commission. This is the spread, you must always pay the spread, that’s the cost of doing business in foreign currency trading. Now as your bid starts to climb, you hope to surpass 106.90 which basically means any points over 106.90 will be your profit. 

    Setting Up for Success

    Selecting a good forex broker is one of the significant parts of succeeding in trading. Essential considerations include regulatory status, the quality of the trading platform, spreads, commissions, and customer service. It would be best to choose a broker regulated by an entity with good recognition, such as the FCA or CFTC, to guarantee the safety and security of your funds.

    After selecting a broker, setting up a trading account requires an application to be filled out, identity to be verified, and money to be deposited into the account. The trader has options of several kinds of accounts: standard, mini, and micro accounts based on risk tolerance and capital. Proper account set-up is very essential for smooth and efficient trading operations.

    Before committing real money, new traders should practice on demo accounts. Demo accounts are a virtual and risk-free practice arena for learners to try out the trading field. If you would like to learn more about Demo accounts and why you need this, follow this link .

    Being a successful trader in forex trading starts with a sound basis, which includes looking for a reliable broker in forex trading, opening a trading account, and starting to use demo accounts to practice.

    How to Select a Regulated Broker

    The Importance of Online Forex Courses

    Specialized online courses are valuable resources for advancing your Forex education. These courses are designed to provide in-depth insights into various aspects of Forex trading, including advanced trading strategies, technical analysis, and risk management. They often include interactive lessons, quizzes, and practical exercises, allowing you to apply your newfound knowledge in real-world trading scenarios.

    Many online courses provide comprehensive forex trading education, catering to different levels of expertise. These courses cover essential topics such as active trading times, remaining objective, and specific trading platforms. A popular choice among our students is the Basic Forex Education course, which offers foundational knowledge necessary for trading.

    Forex Trading Education: Basics to Advanced Course
    Basic Forex Education course

    Learning About Currencies

    Understanding the currencies you plan to trade is critical. Instead of randomly buying and selling currencies, you should focus on a few currency pairs and learn their behavior. This targeted approach makes it easier to track relevant economic news and make informed trading decisions. In order to do it, you would perform fundamental analysis. This involves evaluating the economic, financial, and geopolitical factors that influence currency values. Geopolitical events, such as elections, conflicts, and trade agreements, can significantly impact forex markets. Among the economic factors, there several key indicators such as Gross Domestic Product (GDP), Consumer Price Index (CPI), unemployment rates, and interest rates. Also Central banks play a pivotal role in the forex market by setting monetary policy, influencing interest rates, and managing currency reserves.

    In-Depth Forex Learning

    In this section, we will talk about Types of Forex Markets, Advanced Trading Strategies, Managing Risks and The Role of Forex Trading Platforms.

    Types of Forex Markets

    There are three types of Forex markets. The most popular market with individual traders is the spot market. It is the market where various currencies are traded based on their current price. When you are talking about individual Forex trading, this usually means the spot Forex market. The other Forex Markets are futures market and the forwards market, which are popular among companies.

    • Spot Market: The most popular among individual traders, where currencies are traded at current market prices.
    • Futures Market: Involves contracts to buy or sell currencies at a future date. Popular among companies for hedging purposes.
    • Forwards Market: Similar to the futures market but involves customized contracts between two parties.
    Forex education in numbers

    Advanced Trading Strategies

    Advanced Trading Strategies include hedging and speculation. Hedging is used to protect against potential losses by opening opposing positions. It is typically only done on the forwards market or the futures market. While common in corporate trading, individual traders may use it to mitigate risk. Companies use hedging when they are trading goods and services, not straight currency. Speculation involves predicting currency value changes based on various factors like trade flows, interest rates, and geopolitical events. Successful speculation can lead to profits, but incorrect predictions result in losses.

    Managing Risks in Forex Trading

    Understanding and managing risk is a cornerstone of forex trading education. Traders should be aware of the potential risks, including the possibility of incurring debts through leverage and the reliability of brokers. It is advisable to choose brokers regulated by reputable authorities (Tier-1 regulations) to ensure fair trading practices.

    Forex Brokers Features

    The Role of Forex Trading Platforms

    Another very important aspect is choosing the right trading platform. Popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) offer user-friendly interfaces and a range of tools for analysis and trading. They provide access to real-time market data, analytical tools, and order execution capabilities. MT4, for example, offers various technical indicators, customizable charts, and automated trading features. These platforms also support automated trading through Forex robots (Expert Advisors), allowing traders to execute strategies without constant monitoring.

    Forex trading platform example
    Forex trading platform example

    Practical Steps to Enhance Your Forex Trading Education

    There are several practical steps you should consider when preparing for your forex trading journey.

    Join an FX Traders Academy

    Enrolling in an FX traders academy can provide structured learning and mentorship. These academies offer courses tailored to different skill levels, from beginners to advanced traders, covering all aspects of forex trading education. They also provide access to a community of traders, facilitating knowledge sharing and networking.

    Stay Updated with Economic News

    Forex trading is influenced by economic events and geopolitical developments. Staying informed about global news helps traders anticipate market movements and make better trading decisions. Economic calendars and financial news websites are valuable resources for this purpose.

    Continuous Learning and Adaptation

    The forex market is dynamic, and continuous learning is essential. Traders should regularly update their knowledge and adapt their strategies to changing market conditions. Reading books, attending webinars, and participating in trading forums can enhance one’s understanding and skills.

    Conclusion

    Forex trading offers substantial opportunities but comes with inherent risks. Proper forex trading education is vital for success in this field. By understanding the basics, practicing on demo accounts, and continuously learning, traders can navigate the complexities of the forex market. Whether you are a novice or an experienced trader, investing in your forex education is the best way to achieve long-term success.

    With the right forex education, you can confidently enter the world of forex trading, equipped with the knowledge and skills to make informed decisions and maximize your potential for profit. Good luck, and may your trading journey be both educational and profitable!

    For more detailed insights and advanced strategies, consider joining an FX traders academy and accessing specialized courses and resources.

  • Meta Trader Forex: What You Need to Know

    Meta Trader Forex: What You Need to Know

    Meta Trader Forex Platform

    Meta Trader Forex platform is most common for Algorithmic trading and it is nothing complicated. Many traders avoid it because they think it is rocket science.

    But it is quite simple to create algorithmic trading strategies and to automate them as Expert Advisors even if you don’t have any programming or trading experience. I will show you the process I follow.

    This is a free lecture from my courses and to make it even more comfortable, I include Expert Advisors in my courses if you want to use them for your trading and if you don’t want to go through the complete process.

    I will show you the Meta Trader Forex platform, which is the most reliable platform for Expert Advisors, and the best thing is that it is free.

    Most of the regulated brokers provide it, which makes it very popular. Below is the Meta Trader platform; this is how it looks.

    Meta Trader Forex platform
    Meta Trader platform

    When you install it for the first time from your broker, it will probably look different. But you can change it. You can modify the colors on the charts.

    You can change the windows as well, you can change the size, for example, of the terminal, or for the Market Watch, and many different things which I will mention in the course.

    The Market Watch

    Let’s start with some basics. In the middle, we have a chart. This is where we see the price, at the current moment I am on EURUSD. And when you install the Meta Trader for the first time, you usually will see just four currency pairs opened.

    But with time, I have opened many more. And on the left side, we have the Market Watch where we see all the currency pairs.

    Meta Trader Forex platform
    The Market Watch and Navigator

    Below the Market Watch, we have the navigator where we place the indicators and the Expert Advisors. And on the bottom, we have the terminal where we will see the executed trades.

    I will go through all of these very quickly, and I will give you the information that you need to know to trade with Expert Advisors. So in the middle, as I said, is the price. At the current moment, EURUSD is at 1.10917. The 5th digit is the point.

    So 91 are the pips and 7, 8, the last digit, this is the point. Most of the brokers nowadays have 5 digits after the decimal comma in the Meta Trader Forex platform.

    So you see below it’s 1.1092, 1.10926 and at the end, it is 3, so we have 2 different prices. One is the bid, and the other one is the ask, but I will come back to this a little bit later.

    The bid and ask price.

    This is the current price at the moment, and we see all of these so-called candlesticks. This is the first type of chart. We have 3 different chart types on Meta Trader.

    The types of charts on Meta Trader Forex platform

    BAR CHART

    Meta Trader Forex
    The bar chart

    CANDLESTICKS

    The candlesticks

    LINE CHART

    The line chart

    The candlestick chart is the most popular in Meta Trader for Forex trading, and most of the traders use it because it brings us a lot of information. If I am on M15, this means that one candle is 15 minutes.

    The candlesticks were called historical data in the past. And the data they bring to us is formed by 4 values. One is the opening, which is where this candle opened, the open price.

    Then we have the closing. This is where it closed. And we have a high point and the low point. In this case, if the candlestick is black, we have a negative one. If it is white, we have a positive one.

    In the negative candlestick, the open price is higher than the close price. And if I put my mouse on the closing of the candlestick, you will see that I have the open price, I have high, I have low, and I have close.

    Meta Trader Forex
    Placing the mouse at the closing of a candlestick

    These are the 4 values. After the close you see, the next candle opens, the price goes up and down, we see the highest point, the lowest point, and it closes. And when it closes, the new candlestick will open.

    Changing the colors in Meta Trader Forex charts

    This is how the candlesticks are formed. It’s very visual which one is positive and which one is negative.

    Now, if you want to change the colors, you can right-click over the chart and go to properties. From there, you can change the positive bars and the negative bars.

    The Bull candle is the positive bar, and the Bear candle is the negative bar. This is how they’re called.

    The properties

    So if I just change it, for example, to green and I click on OK, you see all of the white candlesticks became green.

    Meta Trader Forex candles
    The white candlesticks became green.

    So you can change it to anything you want. I like the white screen. This is because it’s bright, it’s clear, and it’s easy to see. Even if I put some indicators over it, it’s very visual. But it’s up to you.

    Now, for Expert Advisors, it doesn’t matter if you will be using white, black, green, red, blue, it doesn’t matter. You don’t need to put any indicators over the chart when you’re trading with Expert Advisors.

    Now, the second type of chart is the bar chart. The difference is that the body is not fully filled. The body is the fully filled part of the candlestick between the opening and the closing.

    The type of chart you use doesn’t affect anything.

    We have small horizontal lines on the left side and the right side on a bar chart. So on the left side is the opening, and on the right side is the closing.

    It looks different, but at the same time, it is the very same information that we have. Still, we see the open, the high, the low, and the close—the four values.

    The bar chart also shows the opening and closing.

    And once again, it doesn’t matter with Expert Advisors which type of chart you will use on the Meta Trader Forex.

    The third one is the line chart, where we see much less information. We don’t know the opening, the closing of the bar, the high or the low. We see a line that connects the closing of each bar.

    If you stay on the line chart, you cannot see a lot for each candlestick or for each bar. You just see a line. You know the direction, and that’s the only thing you see.

    The timeframes

    Again, if you trade with Expert Advisors, it is alright to stay on the line chart, it doesn’t matter. But if you are using some manual trading strategy or anything that requires candlestick formations or patterns, you better stick to the candlesticks. So above the chart, we have different timeframes.

    The timeframes

    We start from M1. This is the lowest timeframe available, which means that one candlestick is 1 minute. So a new candlestick opens every new minute. Then we have the M5 where 1 candlestick is 5 minutes.

    Then we have M15, M30, H1, H4, a daily chart, which is very popular as well because we see which days were positive and which days were negative. So, for example, right now, we see that yesterday was a positive day for EURUSD.

    So the open was 1.1064, and the close was 1.1092, and it formed a positive day. The current day till the moment, even if I am late in the afternoon, you see that the open of the price is 1.1092, and the close price is at 1.1093. But actually, the close price at the moment matches with the current price.

    The assets in Meta Trader Forex Platform

    When the day closes and the new day opens, we will see what will be the closing price. So these are like the most important things over the chart, and these 4 values form the historical data which we use in algorithmic trading.

    And in most of my courses, I show you how to export historical data and how to use it. And I will provide you with a script that you can use to export the historical data.

    On the left side, we have the Market Watch, where we see all the currency pairs and assets provided by the broker.

    Meta Trader Forex
    The Market Watch

    If you install Meta Trader for the first time, make sure to right-click over any of the currency pairs and select Show All, and all the assets that are provided by your broker will appear right over here.

    Select Show All

    We have currencies. We have stocks, commodities, cryptocurrencies, and many other types of assets in Meta Trader Forex. We have 2 prices.

    One is the bid price. The other one is the ask price. One important thing to remember is that we buy at the ask price, and we sell at the bid price. So if I open a long trade, if I buy the asset, if I buy EURUSD, I will pay the asking price, and if I want to close this trade on a later stage, I will close it on the bid price.

    The Spread in Meta Trader

    I will be buying at a higher price, and I will be selling at a lower price. And the difference between these 2 is called Spread. This is what the broker benefits.

    And on the Forex market, the Spread is very small. So the difference between the bid and the asking price is very small, nothing compared to what you see in the bank or on the exchange bureau.

    In this case, I have just 3, 4 points of Spread. This is the 5th digit of the asset. And if you want to see the last column, just right-click again and check Spread. If I uncheck it, it disappears. If I want to see it again, right mouse and I click on Spread, and it appears.

    Click on Spread

    Now, below the Market Watch, we have the navigator where we have Accounts. We can have 2, 3 accounts over here.

    Do not switch between accounts in Meta Trader Forex trading

    But when you’re trading with Expert Advisors, make sure not to switch between one to the other account. This is because if I have Expert Advisors in this account and I switch to another one, I will disable these Experts, and they will not work.

    So many beginner traders make the mistake to have a Demo and a live account in Meta Trader Forex trading, and they switch between these 2 thinking that the Experts keep working on the Demo and on the live account. But that’s not the case. If you switch from one to the other account, the Expert Advisors in the first one will be disabled.

    You need to be connected to the server of the broker if you want your Expert Advisors to work. And below that, we have the indicators which you can add to the chart, for example, the Alligator indicator. And if you want to remove an indicator, right-click, go to indicator’s list,

    Meta Trader Forex trading
    Right-click and go to Indicators List

    select the indicator, and delete it.

    Meta Trader Forex trading
    Select the indicator and click Delete

    This is how you can delete an indicator, as well you can insert indicators from the top menu.

    The terminal in Meta Trader Forex platform

    But I’m not going through all of these indicators because we don’t need them, one more time, over the chart when we are trading with Expert Advisors and Robots. It is not a subject of this article, and this is why I will not go over it. Below are the Expert Advisors.

    Expert Advisors

    This is where we will place Expert Advisors. And in the next lecture, I will show you an Expert Advisor and how it works, and I will explain it in more detail. As well, we have scripts that are useful tools that we use.

    Meta Trader Forex trading
    The scripts and the terminal

    I will provide you with one which will help you to export the historical data of your broker. And below is the terminal. This is where we will see the open trades, the time of the opening, the size, the symbol, the price, Stop Loss, and Take Profit.

    All of these things I explain in my courses, and I show examples of trading with the Expert Advisors using the EA Studio.

    Cheers.

  • Backtest Portfolio: Revolution in Algo trading

    Backtest Portfolio: Revolution in Algo trading

    Backtest Portfolio of Expert Advisors

    Backtest Portfolio might sound a bit complicated even for the experienced traders, but it is not. Not with the strategy builder EA Studio.

    Hello, dear traders. In this lecture, I will talk about the backtesting portfolio Expert Advisors that are available in EA Studio. And I think this is the only Strategy Builder that provides portfolio Expert Advisors, so far I didn’t see any other.

    What are the portfolio Expert Advisors?

    These are Expert Advisors that contain many strategies inside. With simple words, all these strategies that I have for the EURGBP and, in this case, I have the ten which I placed on the Meta Trader. But even if they are more, I can add these strategies to 1 Expert Advisor.

    backtest portfolio EAs
    The collection.

    So 1 Expert Advisor will trade these strategies on one chart in Meta Trader. And if you backtest portfolio EA, it means you are backtesting all the strategies inside.

    Now, some of the students say it’s a lot of work to place many Expert Advisors on different charts in Meta Trader, to open new charts, and to put the Expert Advisors over it. 

    For me, it’s not really a lot of work. I don’t think it will take anybody more than 10 minutes to do it, or a little bit longer if you do it for the first time.

    However, the solution for that is portfolio Expert Advisors. Next to the Expert Advisor for MT4 and MT5 buttons from where we export the strategies, we have the + button, which says add to the portfolio.

    portfolio backtest on EA Studio
    Add to portfolio button.

    If I click on it, the strategy goes to the portfolio.

    The purpose of backtest portfolio Expert Advisor.

    Now, let me click on all of the strategies from this collection and these strategies will go to the portfolio. And what’s interesting here is that you will see the compiled backtest. I will calculate it, and I will see what the difference is.

    This is a backtest portfolio result:

    backtest protfolio woth one EA
    The balance chart.

    Much smoother line, no huge stagnation. In this case, the maximum stagnation is 6.56%.

    And if you compare it with the stagnation of all strategies, and if you can compare the backtest equity lines. You will see why the backtest portfolio EA has much better results.

    The backtest portfolio shows it all, much smoother. And this is exactly the idea when we trade many strategies simultaneously. That when 1 strategy loses, for example, one at this moment is losing

    A strategy losing at one point.

    But at this moment another strategy makes a profit.

    Another strategy is making a profit.

    So they compensate each other. When one loses, the others compensate for the loss. And this is why when we backtest portfolio Expert Advisors, we see much better results. Now, keep in mind that one portfolio Expert Advisor is for one timeframe for one asset.

    So you cannot put into one portfolio Expert different strategies from different currency pairs, or assets, or different timeframes. One portfolio Expert Advisor is for 1 currency pair and for 1 timeframe. After that, you can export it. And if you click on the export button, it says portfolio Expert hedging MT4.

    backtest portfolio Export
    When you click the export button.

    Difference between EA Studio trial account and licensed account.

    And it’s not available for Meta Trader 5 because most of the brokers with Meta Trader 5, they don’t provide hedging. And I can place the portfolio Expert Advisor in 1 chart in Meta Trader, and the strategies will open and close trades there.

    Now, something important to know is that the portfolio Expert Advisors are available only for the licensed users of EA Studio. They are not available with the trial accounts. And this is the only difference between the trial account of Expert Advisor Studio and the licensed account.

    This means that you can backtest portfolio EAs as much as you want but to exprt one, you will need the license.

    Everything else is 100% the same. Just that if you are on a trial account, you will not be able to export the portfolio. You can put some strategies into the portfolio to see what is the combined backtest, but you will not be able to export it as a portfolio.

    How do I use the portfolio Expert Advisors?

    Normally, I trade with a couple of portfolio Expert Advisors, but I trade them straight away to the live account. Because the difference is that when we trade a portfolio of Expert Advisors, we trade all the strategies together. And we can remove from the code, which is very easy actually, 1 of the strategies, or 2 of the strategies, or the strategies that don’t perform well.

    Difference between trading with separate Expert Advisors and trading with portfolio Expert Advisors.

    So let’s say these strategies are from 1 portfolio Expert Advisor, they trade on 1 chart. And what I do is I leave in this Expert Advisor the profitable strategies, and I remove the losing ones.

    Once again, this is very easy to be done from the code of the portfolio Expert. You don’t need to backtest portfolio EAs or anything like that.

    backtest portfolio EAs
    FX Blue.

    So the difference is that when we trade with separate Expert Advisors, I test them on a Demo account, and I select the current profitable strategies to trade on the live account.

    While when I’m trading with portfolio Expert Advisors, I need to place them on the live account and to remove the strategies that are not performing according to my expectation or Acceptance criteria that I keep here while following the results.

    These are just 2 different methods. And if you want to trade or just backtest portfolio Expert Advisors, I would suggest you again trade first on a Demo account. So this is pretty much about the quick guide in EA Studio.

    Don’t hesitate to ask me any questions if you have about the generator, about the Acceptance criteria, the strategy properties. If there is something not clear, don’t hesitate to ask questions in our Forum.

    I do my best to answer within 12 hours.

    There are already many experienced traders and users of EA Studio, they will answer your questions as well, and they will share their experience with you.

    Thank you for reading and enjoy trading, especially trading with Expert Advisors and backtest portfolio EAs to see the impact these EAs have.

    Cheers.

  • Forex Learning: What you NEED to Know!

    Forex Learning: What you NEED to Know!

    Forex Learning: Ultimate Guide

    Forex learning is the most important thing before getting on the market. In this article, we will cover everything you need to know about forex learning.

    In short, Forex or FX stands for Foreign Exchange; where instead of you, trading stocks, bonds, or indices – you trade actual currencies like the US dollar (USD), the British pound (GBP) over the Euro (EUR) or Japanese Yen (JPY).

    Forex Learning

    And your profit is on the differences in value between the two currencies you have chosen, as represented in the Percentage In Points (PIP). 

    Don’t worry if this Forex seems complex and confusing; this is the whole purpose of this forex learning guide – to help you understand all of these terminologies, what are the best strategies, key takeaways and how to proceed forward. 

    Important Facts: 

    • The FX global market is bigger than any major stock exchange in the world. And Forex learning is a must in such a huge market.
    • The most popular pair of currencies to be traded in the FX global market is the EUR/USD. 
    • The FX market has different niches or sub-markets an FX trader can go into such as the forwards market, the futures, and the spot market. 
    • The majority of Foreign Exchange traders base their trades on fundamental principles i.e. geopolitical events to determine the value of each FX pair. 

    What is FX (Foreign Exchange) 

    To keep it simple, the Foreign Exchange global market is where you bet on a currency against another currency. Massive amounts of foreign currencies are being traded in as little as 10 minutes, these could be a few dollars, to hundreds if not millions of dollars. 

    The way you participate is through a broker who grants you access to the global FX market. You will then take a trade or bet on currency pair, believing that one currency will fall and the other currency will rise (or vice versa) in value (represented in PIPs). 

    Forex learning, couldn’t be more simple than that; sign up with a reputable FX broker, deposit your money, set your leverage rate, and start trading currencies. 

    Simple Example of FX Trade: 

    • You decide to go with a pair of EUR/USD, and you decide to go short. 
    • The current value (bid price) of EUR/USD is: 1.4000 
    • By the time you close your bid, the value is now: 1.3999 
    • You have just profited 0.0001 or 1 PIP. 

    When you go to a bank, and withdraw money or exchange a foreign currency; you will often see a panel with a bunch of currencies and a whole lot of numbers stating 1 GBP is equal to 2 USD.

    And as one bank employee told me, “those are the numbers at the close of the market.” Of course, those numbers aren’t accurate but it gives you (the public) some sense of how strong a currency is. 

    Foreign Exchange Trading Terminologies Made Easy & Simple For Beginners: 

    Forex learning about PIP / Percentage In Points 

    A pip is essentially the base unit of the price of a currency pair. You can think of it as more simply as the difference in value or points – and those points are either how much you have won or how much you have lost. 

    Learn how to calculate the Pip when trading cryptos:

    Going or Buying Long 

    Simply means that you believe that a currency pair is increasing e.g. EUR/USD – EUR is going up and the USD is going down. 

    Going or Buying Short 

    When you go short, you believe that the value of a currency pair is decreasing e.g. EUR/USD is going down meaning the EUR is going down and the USD is going up. 

    Note: To help you better understand short vs long trades, always think of the first currency e.g. EUR – as the base, ready to be traded long (going up) or short (going down) against the other currency e.g. USD. 

    Spread 

    A spread is basically the commission your FX broker gets. When you start a trade, you are a loss. This is normal, don’t worry. Here is an example of when you first start a trade: 

    • Buying Price is 106.92 
    • Selling Price is 106.90 

    … do you see the difference? The two points are essentially your broker’s markup or commission. If you sell a used car, to a used car dealer, they buy it from you, they mark up the price then they then sell it to someone else. The markup is their profit. 

    This is the spread, you must always pay the spread, that’s the cost of doing business in foreign currency trading. Now as your bid starts to climb, you hope to surpass 106.90 which basically means any points over 106.90 will be your profit. 

    Spot Forex Learning the essentials

    Spot trades are the simplest and most common transaction in the FX market. Whether someone talks about foreign exchange trading, chances are what they mean is spot trading. Spot trading is the immediate exchange of one currency for another. delivered T+2 (meaning 2 days after the trade date). 

    The currency that’s actually being exchanged is a currency deposit in a bank account and, not to complicate this, banks are often the ones who use spot trading because banks do not like to speculate (unlike traders), they would rather satisfy the demands of their clients and profit on their fee. 

    Correction 

    Usually when a trader or news reporter says that a “market correction” has happened – this often means that the upward trend of a currency pair or stock has now reversed. A market correction could last anywhere from 3 to 6 months. Often, swing or day traders use this to their advantage. 

    Margin 

    A margin is essentially your account’s balance meaning if you deposited $500.00 USD, that is what will appear in your account. But since most traders don’t have a lot of money and the lack of Forex learning, or they lack the funds needed for their desired trade, most FX brokers will offer you access to leverage. 

    Leverage 

    To keep it simple, leverage is essentially a virtual multiplier of your account’s balance; granting you a larger volume or puffed up position size. For example: 

    • Your account has a balance of $1,000 US. 
    • Your account’s leverage rate is set to 1:10 
    • This means your account has been multiplied by 10 – making your base $1,000 account’s capacity to now $10,000 

    Please note in your Forex learning notes that this can be very dangerous if not handled well. This can either lead you to win a fortune or suffer massive losses. If you lose, you may owe your broker more than $9,000. 

    Forex Majors 

    Forex majors are the most popular and traded currency pairs: 

    • EUR/USD 
    • GBP/USD 
    • AUD/USD 
    • NZD/USD 
    • USD/JPY 
    • USD/CAD 
    • USD/CHF 

    Forex Crosses 

    Forex crosses are currency pairs that do not involve the USD: 

    • AUD/CAD 
    • AUD/JPY 
    • AUD/CHF 
    • GBP/CAD 
    • GBP/JPY 
    • GBP/CHF 
    • EUR/CAD 
    • EUR/JPY 
    • EUR/CHF 
    • EUR/AUD 

    Chart Types & Strategies For Beginner FX Traders: 

    When you open up your trading platform or software, you will see a whole bunch of windows with currency pairs. Each window’s chart type and even background colors can be changed (most trading platforms offer this). 

    Beyond that, you can do it for free. Continue reading through this article to learn all you need to know to get started trading with Forex trading robots.

    What If You Do Not Know How to Program?

    For some Forex traders or potential Forex traders, the reason they do not use robots is because of the fact that they do not have the programming experience to make their own.

    With someone else’s robot, it probably will not work, and even if it does, it will not have the best strategy for them. However, as previously mentioned, they also do not know how to program their own strategy into a robot with code.

    It is at that point that most people feel like they hit an insurmountable roadblock and return to spending hours a day trading manually.

    The good news is that this is not actually an insurmountable roadblock; you do not have to know how to code to make your own robot.

    EA Studios is a software that allows you to put in the input information you want, such as your entry and exit rules, trading amounts, stop loss, and take process.

    Trading Forex Autopilot EA Studio

    After you put in all your trading information, the EA Studio software will put it through a backtest and give you the detailed results and data.

    With this data, you can decide if the strategy is really as good as you thought it was and whether or not you want to use it as a trading robot. If you do, you can export the code as a robot that will work for both MetaTrader4 and MetaTrader5.

    You can then immediately set it up to start trading and continue to make more with various different strategies if you want. As you can see, even if you do not know how to program, you can trade with Forex trading robots.

    What If You Do Not Know How to Forex Trade?

    For other people considering getting into Forex trading, they feel overwhelmed by trying to learn how. Forex trading robots are a great way to get started as they do not capitalize on your time in the same way that other types of trading do.

    Additionally, you do not need to feel like you have to figure out your own strategy without any information on whether or not it will actually be lucrative, nor do you have to trust that someone else’s strategy actually works without any data to prove it.

    If you are new to Forex trading, you can use a tool that is a part of the EA Studio’s software called The Generator.

    When you go in and use this tool, you will be prompted to put in any information you want, such as the parameters and indicators you know you want to use. Next, with the click of a button, you will be presented with a list of strategies that are proven to work well.

    With each strategy, you can see the backtest results and data, so you know exactly what to expect if you decide to export it as a MetaTrader4 or MetaTrader5 robot. Because of this tool, EA Studio is a great choice for any Forex trader, no matter their prior experience.

    Many people do not even know what parameters and indicators they should enter or what a good backtest would look like. If that is the case for you, EA Studio provides a free course for all users.

    With this course, they can learn all they need to learn to have success Forex Trading Autopilot.

    The Benefits of Trading Forex Autopilot

    There are so many benefits to Forex trading with Robots, but below are three of the top reasons as to why you should do it yourself.

    1) Takes the Emotion Out of Trading

    Even if you come up with an amazing and full proof strategy, your emotions will inevitably influence a decision, cause you to stray from your strategy, and result in you missing out or making a mistake.

    When you put your strategy into code and use a robot, the robot will not have the same emotional response as you. That means that it will never go against the strategy.

    Taking the emotion out of trading like that generally allows for the best outcomes for the person.

    2) Provides You With More Free Time

    While your robot follows your strategy (or one generated with The Generator) to do all the trading for you, you will have a lot of extra time freed up.

    There is so much you can do with that time. You can spend more time with friends and family, you can get some extra things done, or you can finally have some alone time that does not involve Forex trading unless you want it to.

    The lack of free time is why many people avoid getting serious about Forex trading. With robots, there is no reason not to.

    3) It Is Just Really Cool

    Forex trading by itself is really cool, but with robots, it is even cooler. With all that free time you now have, you can show your friends and family your trading.

    Beyond that, you can show them how it is on Forex Trading autopilot and how it operates even when you are not in the room due to a robot that you designed and put into use.

    Of course, beyond these three, there are even more benefits, many of which are specific to each individual trader. Start trading today, and you will quickly see all the wonderful benefits that come with it.

    How Much Does EA Studio’s Software Cost?

    While all this sounds great, it is really put to the test when you look at the price. A potential customer has three main plans that they can choose to use with this software, all of which provide their own unique benefits. Do not worry; with all three, you do have the option of going through their free video course.

    The first option is to use the software for free. A Forex trader can generate and test strategies without playing a single thing through EA Studio. This is often where people start, especially if they are just getting used to the business.

    Furthermore, some experienced Forex traders who are not ready to make the leap to robots can use this free service to test old strategies. It is important to note that with this plan, you cannot export any robots for MetaTrader4 or MetaTrader5.

    The second option a person could choose to take is to sign up for the free trial. EA Studio has a fifteen-day free trial that anyone can use to make as many robots as they possibly can, export them, and trade with them.

    Trading Forex Autopilot could be really Free

    For some people, the robots made during this free-trial period are enough to last them for weeks to months. The trader may never go on to paying for a version to make even more robots as they are able to make enough during the first period.

    The final option is to pay for a version of EA Studio after the trial period has been complete. Of course, after you pay, you have unlimited access to making your own robots, and there is even the option to watch more courses if you would like to learn more about the subject.

    This is really good for people who want to make lots of robots to trade with or perhaps even sell. Remember, no matter what your price point is or what you are looking for, EA Studio has something to offer you.

    Now you have all the information at your fingertips to start trading with robots. You do not need to know how to program, and you do not even need to understand Forex trading all that much to get started. With the free course, you will be able to learn everything you need to know to use the robots or just trade in general.

    You will learn how to input your own data from MetaTrader, remove and edit rules, understand backtests, use robots, and more. Once you complete the course, you can sign up for your first fifteen days and get started making and trading with your very own robots. There is absolutely no reason to not get online and start trading.

  • Forex Robot EA – Create One From Scratch

    Forex Robot EA – Create One From Scratch

    Forex Robot ЕА sounds great, right? Forex trading is generally supposed to be a lucrative activity when done right, so many people may dislike the idea of paying for a robot, especially when they are making their own code.

    Through reading this article, you will learn everything you need to get started making your own robots with your own strategy, for free, no matter your level of expertise.

    More, we will give you a Forex Robot ЕА, and we will teach you how to test it.

    What Is a Forex Robot ЕА?

    A Forex robot ЕА is basically a computer code that will do all of your Forex trading for you, automatically. There are so many benefits to trading with a Forex robot.

    First of all, it takes all the emotion out of the trading.

    Forex Robot EA

    Even if you have a great strategy, as a human, you are more likely to make an error or let your ‘feeling’ guide your decision, rather than proven logic.

    On the other hand, a robot will never choose to go against the strategy you code into it, and it will never make an accidental error.

    Furthermore, Forex trading is generally a highly time-consuming task, which is one of the main reasons some people decide not to start or get serious about it, but when you do it with a robot, you are able to free up lots of time.

    After you create and set up your robot, you can do whatever else you want to do while your trading happens automatically, all the time. You will both get more trading done and more of everything else done.

    There are two basic ways you can get a Forex Robot.

    First, you could buy one from someone who has made their own code with their own trading strategy (or at least one that they are willing to sell) that you can download and use.

    Some of these robots will work for MetaTrader4, some for MetaTrader5, and others that will work with both. Your second option is to make your own robot with your own trading strategy.

    This is generally what most people would prefer to do, but may turn away as it seems like a complicated task.

    If you choose to buy a robot, while it may seem easier in the beginning, you will quickly run into trouble.

    Forex Robot EA

    Often the robots are made with faulty code, either accidentally by a person who does not know what they are doing or on purpose by someone trying to rip people off.

    Even when the code does work, it will most likely not be the best strategy and, therefore, will not provide you with the most lucrative option.

    When you make your own robot, you can feel confident that the code will work, and you can enter a strategy that you are confident is lucrative.

    While this all sounds great, you may be wondering

    How it could possibly be actually a Robot created from a Scratch?

    Below you will learn everything you need to know about how to do it for free and about other features you can get without paying anything for a Forex Robot EA.

    How Do You Make One For Free?

    While making a Forex trading robot is generally more cost-efficient than some other options, buying the software and gaining the knowledge needed can still get a little pricey, especially if you are not sure you will even prefer the robot over your own trading skills.

    So is it possible to do it for free? Yes! Using a software program by EA Studio, you can make your own Forex trading robot, with your own strategy, for free.

    EA Studio offers a fifteen-day free-trial that does not require any kind of purchase after and gives your complete access to the program.

    When you sign up for this program, you will be able to create and export as many robots as you want with your own strategies. You will sign up, log-in, and start to input any of the information you have.

    After you plug in data such as the entry and exit rules, trading amounts, stop losses, and take processes, you will immediately receive a backtest for your strategy.

    This backtest will give you all the information you could possibly need to decide whether or not you want to use that particular strategy as a robot.

    If you do, you make your Forex Robot EA and export it for MetaTrader4 or MetaTrader5. If you do not, you can go back and edit your strategy as many times as you want to perfect it.

    During the fifteen-day trial period, you can go through those steps to make as many robots as you want. For many people, they find that they are able to make enough robots during the first fifteen-day period to last them for a very long time.

    There are people that report trading with the robots they make during their trial for months or even years, many of who never went on to pay anything. Furthermore, after you export the robots, you own them completely.

    That means not only can you trade with them, but you can sell them too. You can use the robots that you export for free not only to make money trading, but also to make money by selling people robots that actually work, and you have the data to prove it.

    If, after the fifteen-day period, you want access to more courses on Forex trading or the ability to make more robots, you can pay a reasonable fee to continue to use the EA Studio software.

    If you do not want to pay a fee, EA Studio will continue to allow you to backtest strategies for free; you just will not have the license needed to export the strategies as a MetaTrader4 or MetaTrader5 robot that you can actually trade with.

    If you learn how the robots work, you know how to code the robots yourself, or even for manual trading, the ability to backtest strategies is extremely beneficial, and you can do it for free.

    What If You Do Not Know How to Code a Forex Robot EA from a Scratch?

    As mentioned above, one of the main reasons people do not use Forex robots or choose to buy robots created by others instead is that the idea of coding can sound rather daunting and possibly even more time-consuming than the actual trading.

    Forex robot EA is hard to be dones

    That is one of the many benefits of EA Studio. You do not need to know how to code at all. When you enter the software, there will be a series of very clear inputs for you to enter. As well there is a user guide which you can learn from:

    Then, with a click of a button, EA Studio will do all the coding work for you. You can then either immediately export the robot and begin to use it, or you can view the code to look it over yourself.

    As you can see, you do not have to be an expert coder, or even know anything about coding at all to make and use your own robot.

    You do not need to feel like you need to rely on manual trading or other people’s robots simply because you do not know or have the time to learn how to code.

    If you do want to learn how to code, you can, but EA Studio will still offer your backtest information, speed, efficiency, and accuracy that you could not get otherwise.

    You can trust the code that you received is correct, whereas any code that you make is fallible to human error, even if your strategy is foolproof.

    Forex Robot EA no errors

    Just like using robots protects your trading from human error, using this software protects your code from human error.

    What if You Are New to Forex Trading?

    Beyond not knowing how to code, you may be completely new to Forex trading, or at least new enough to not have a successful strategy and understand what all the inputs are looking for.

    EA Studio offers various solutions for you. First of all, the studio comes equipped with a tool called The Generator.

    With this tool, you can give the software any parameters and indicators you do have, such as what you specifically want to trade, and EA Studio will provide you a list of already proven strategies with their backtest results.

    Forex Robot EA in EA Studio

    You can export these strategies immediately, or use them as a starting off point for your own, personalized strategy.

    Beyond the Generator tool, EA Studio offers you a free video course that will teach you everything you need to know about how to use the software and how to get started Forex trading.

    This is a great resource for anyone interested in Forex trading, even those who do not want to use robots but just want to try one Forex robot EA.

    Additionally, you will have access to this course even before you start your fifteen-day trial, and after it is over, to help you understand anything that you have questions about.

    Now you are equipped with everything you need to get started creating your own and Forex robot EA with absolutely no cost to you.

    You can head over to EA Studio’s website, watch the videos that are a part of the free course, start your fifteen-day free trial, and begin to create as many robots as you could possibly want to trade with and sell to other traders.

    At the end of this post, we have decided to make it even better and easier for you by including a Forex Robot EA. Enter your email address to receive a Forex robot EA download link.