Foreign Exchange EA Revealed: Is Foreign Exchange Intelligent Trading Technology Reliable?

EA is an Expert Advisor (referred to as EA), which is essentially a computer program written by programmers according to the trading strategies and ideas of the trader. Then the program is implanted into the trading software, and the program will automatically trade according to the established trading strategy. So, how is the current development of foreign exchange EA intelligent trading technology? Is it reliable to use foreign exchange EA to trade?

After many people came into contact with this "sharp weapon", they experienced drawbacks, losses, and even liquidation. In the end, they sighed: EA is rubbish, EA cannot make money, and EA is a liar!

Is that really the case?

Let's take a look at the situation in the world's financial center: in London, the birthplace of finance, a senior trader asked his boss after failing to test a large number of EAs: "Is there no stable profitable EA at all?" The boss replied: "You can't say EA is not work because your EA is not work!": It's not that the EA doesn't work, but the EA you use doesn't.There is really a stable and profitable EA in the market!

The birth of EA is the result of technological progress, and its birth can be said to be revolutionary and irreplaceable. For traders in financial centers, the birth of EA is undoubtedly a blessing for them. EA can help traders execute some repetitive trades and execute orders strictly according to the strategy, which not only frees their hands, avoids mistakes and losses, avoids emotional trading, realizes quantitative and programmable trading, and greatly improves trading efficiency.

So, with EA, can you make money lying down?

Answer: No!

The most frequently asked questions are: How is your EA? Is it stable? Is it guaranteed to be profitable? What strategy? How much is the withdrawal? etc. In fact, many people still have a big misunderstanding about EA: since EA is so good, why can't you "make money lying down" with EA?

Because EA is essentially just a program, a trading tool, the setting of this program is your mileage may vary, just like the cars produced by different manufacturers, although they are all cars, some have good performance, some have poor performance, some have high fuel consumption, and some are very fuel efficient. Therefore, EA is a revolutionary product, but not all EAs can meet your expectations.It is not that with EA you can make money lying around, but that with a good EA you can achieve the goal of profitability.

So, what makes a good EA?

The crux of the matter is: what are your criteria for judging whether an EA is good or bad?

foreign exchange marketIt is ever-changing, and trading strategies are not the same. 10 people have 10 trading methods, and the judgment standards are different, and the conclusions drawn are also different. If our judgment standard is: making money, then as long as it is a profitable EA, it is a good EA. If our judgment standard is the trading process, then as long as the trading process is reasonable and the position control is reasonable, it is a good EA. If our judgment standard is to brush orders, then an EA with a large order volume is a good EA.

Why does the editor emphasize the criteria for judging the quality of EA here is because,With the same EA, people with different evaluation criteria will come to different conclusions.If your standard is not to lose money and make less profit, then the EA with a large retracement is rubbish in your eyes; if your standard is high profit, and the retracement can be enlarged, then the EA with less profit is rubbish in your eyes. We often see people scolding on the Internet: EA is rubbish; EA is a lie; how can it be possible to use EA to make money?

In fact, such remarks are biased. Because EA is just a program and a trading tool; just like a car is just a means of transportation, we only see people scolding: a certain brand of car is not good, a certain model of car is a gas tiger, and no one will scold: cars are rubbish, cars are deceptive, how can cars be used instead of travel? And those who scold EA are just like scolding cars as a tool.You can't negate the entire EA technology field just because you encounter an EA that doesn't meet your expectations.

Is there a uniform standard of judgment?

Actually,Most people who make investments pursue: low risk and stable profits.A small part of the pursuit: doubling in three months, reaching the peak of life in one year; there are also some pursuit of brushing orders, high-frequency trading... Today we will start with the standards of most people.

Determine the criteria for judging good or bad: stable and low risk. Then we can analyze the quality of EA. EA that meets this standard generally has the following characteristics:

1. Non-single trading strategy: Different trading strategies respond to different unexpected situations, rather than one strategy taking the lead.

2. Small lot size: The position is relatively conservative and controlled within a reasonable range (the reasonable range here refers to within 20%).

3. With stop loss: Each order has a capital stop loss or a point stop loss, with a capital early warning line, and will not carry orders without limit.

4. Appropriate addition of positions: controlled within a reasonable range allowed by the position.

5. Manual intervention(Important): There must be manual intervention. A good EA cannot run fully automatically, because EA is just a program, and no matter how perfect the setting is, it cannot have the ability to think like a person and deal with ever-changing market conditions.Therefore, human intervention is of paramount importance.

In addition to the above 5 most important judgment criteria, there are other EA indicators, parameters, and other standards. Taking the EA of foreign exchange EA software technology as an example, in addition to meeting the above 5 points, a risk warning mechanism has also been added to warn in advance before major data markets. Because the settings of each EA are different, I won't go into detail here.

EA has been used in China ever since, and there are not many people who can really use EA to achieve stable profits. Many EAs that claim to double in three months a year and still have 0 risks appear on the market. 90% of them are fake. If you don't believe it, you can use your hard-earned money to try it out.

So, with a good EA, can you take it home and run it yourself?

Answer: No!

EA is not a simple software that can be used casually. A good EA is composed of many complex indicators and parameters. Before the EA starts to run, parameters need to be set according to account funds and expected risks, and each parameter setting will lead to differences in the final results of the account. During the operation of the EA, manual intervention is also required.If you want to run an EA by yourself, then you must have a good understanding of the parameters and principles of the EA you use, so that you can use it with ease.

Many investors have a good vision of EA, spent a lot of money to buy EA, but after running it themselves, the effect is not satisfactory, and finally said: EA is rubbish. In fact, this is like driving on the road without getting a driver's license. Is it bad to blame this car for a traffic accident? Therefore, EA is a tool that is a sword in the eyes of those who know it well, and rubbish in the eyes of those who do not use it. And the MG trading EA of foreign exchange EA software technology is currently limited to running on behalf of others. Even if it is handed over to investors to run it themselves, it cannot play the role of EA well.

Finally, let's take a look at the application of EA in different countries:

1. In the United States, most traders on Wall Street use EA, and the use of EA has become commonplace.

2. Japan is a country where everyone speculates on foreign exchange, and many people use EA and pursue stability.

3. The United Kingdom, as a country with very strict foreign exchange regulations, has also invested heavily in the innovation of trading technology.

4. In Australia, 20% of foreign exchange traders use Expert Advisors and rarely lose money.

5. In Russia, EA technology is also at a mature level.

6. Cyprus is rich in trading technology, and of course EA is also very powerful.

7. Mauritius, which once had the best EA in the world, is now being copied and surpassed.

8, China, counterfeit products EA gathering place.

9. South Korea, which hardly knows EA, can only buy foreign technology to operate.

10. India, Indian IT is the best, but when it comes to EA, their trading is a mess!