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Articles in the Forex Expert Advisors Category

Forex Expert Advisors, Forex Training »

[2 Apr 2009 | No Comment | ]
The Importance of Trading Logic When Evaluating An Expert Advisor

Many traders fail to make money with Expert Advisors because they have no confidence in the trading system. This lack of confidence is due primarily to a lack of understanding of the trading logic.
Many of the EAs on the market have proprietary trading logic which is understandable for a commercial product. You don’t want to publish competitive details. These EAs should provide some knowledge of the general strategy, however, to let traders understand their approach.
Market timing is a good example of understanding trading logic. …

Forex Expert Advisors »

[21 Feb 2009 | No Comment | ]
PointBreak Expert Advisor

Have you ever purchased an expert advisor and wondered what the trading strategy is behind it?  There are many EAs on the market where the strategy is not transparent to the user.  This is a serious shortcoming with many of the overly hyped products.  Why do you need strategy transparency?  Because you need to manage risk.  You need to know and understand the strategy  before trading  a new system.
The PointBreak Expert Advisor is strong on strategy transparency.  It is also strong on helping you manage your risk for any trade.  …

Forex Expert Advisors »

[17 Dec 2008 | No Comment | ]

I recently came across the EA Shark 4.0 and asked around the community for it’s track record. The feedback was pretty positive on performance. It is the product of a company named ForexEasy which seems to be a pretty legitimate company (whose business is the Forex market unlike some of the Clickbank products).
I liked the implications of the back testing results.  It has a pretty positive slope on the equity curve which makes it definitely worth evaluating further.
We investigated this EA for performance and it was a little choppy at …

Forex Expert Advisors »

[2 Dec 2008 | No Comment | ]

There are many Expert Advisors (EA) on the market.  Some are junk and some are partial junk.  Unfortunately it’s sometimes hard to tell the difference between the good and the bad.   My rule is to look closely at the information provided that helps validate the performance.
If they only provide backtesting results then stay away from it.  Backtesting results always look good.  It’s called “curve fitting”.  It’s where you can keep tweaking the parameters to fit the known behavior of the markets to get the best results.  There is no promise …

Forex Expert Advisors »

[17 Oct 2008 | No Comment | ]

The team at Forex Tracer make huge claims about the profits made with Forex Tracer.  Some $335,000 in 2007.  That’s a lot of change and very compelling.
We checked out the claims and for all intents and purposes it is apparently true.  Now what we also discovered is that there were some caveats.  The older version of the software had a tendency to string together rather long losing periods but recent upgrades have improved the performance significantly.
It’s ratio of winning trades to losing trades is 11 to 1 with forward …