18 Responses to “ Forex Expert Advisors – How Do You Know Who is Really an Expert? ”

1. Ted (Canton,OH) on January 2nd, 2010 5:04 pm

   Using the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..

2. g0dloki on January 2nd, 2010 5:46 pm

   Over the years I have traded a lot of EAs. Some with live money (like Steinitz HAS), others with demo money. I have made money with some and lost money with others. I did make money with Steinitz for a 2 months I traded it but I also have friends who have lost a lot of money trading Steinitz. Here is the reality, there is no such thing as an EA that will consistently make money. Why? Because the market is constantly changing and no system (except the Holy Grail) can make consistent profits without human insight. That is the reality.

   Here is what I recommend. Rather than going out and buying a Forex trading system programmed into an EA; educate yourself about Forex, design a couple trading systems that work across multiple market types, and then have them programmed into EAs. This way, you will know what moves the market, why your EA works, and you will be able to achieve steady profits.

3. Grow Taller on January 2nd, 2010 5:34 pm

   I am not sure if he has a website…but you can always search his name on Google if you need more details

4. ForexPip on January 2nd, 2010 5:53 pm

   i don’t want to pay for forex robots, there is a free one if anybody interested

5. CamperBoy on January 3rd, 2010 5:00 am

   http://tinyurl.com/5zjpo3

   you need pay for it. I am a beginner and I joined the club.

6. ForexPip on January 3rd, 2010 5:13 am

   A new robot coming out in December 2009 called 4xGreed gonna be hot. They are only releasing 1000 copies.. Live stats also posted for your review.

7. Bryan W on January 4th, 2010 1:33 am

   Forex Tracer is among the better Metatrader expert advisors out there. It complements Metatrader 4 on every front, mining, analyzing and reporting on profitable spreads from the 24 hour forex market.

   I've been in the Asia Pacific forex markets for over 8 years and the Forex Tracer + MetaTrader 4 combination works best in the current market scenario.

8. aldebaran3003 on January 4th, 2010 6:46 am

   Expert advisors have some application

   Advantages:
   Can generally execute some commands, like entering trades based on one timeframe and certain conditions. Scripts can work well for closing out trades at certain $ profit limits.

   Disadvantages
   Two people using the same EA can get different results and sometimes vastly different with stops, limits and entries not executing.

   You must leave your computer on or an EA wont work, or use 2 or 3 laptops running simultaneously.

   If an EA buys the GBP/USD for example and closes it out for +75 pips and ths pair continues up for another 500 pips you missed 80% of the move. This is terrible money management but the EA still did what it was supposed to do.

   Possible solutons:

   Learn to trade the forex, sounds pretty dumb i know.

   Get a server based execution system not one based on an EA.

   Get an effective set of trend signals and do some papertrading.

   good trading
   mark mc donnell
   http://www.forexearlywarning.com

9. Hotel in Bali on January 4th, 2010 6:59 am

   It’s now September 2009. How does this EA perform now?

10. ckowyong on January 5th, 2010 4:07 am

    I lost 50% of 5K account in 3 days. Their response was oh well this is forex! Good Luck

11. Hotel in Bali on January 5th, 2010 2:22 am

    There is a bulgarian guy name Kiril Kartunov he has the best Forex Expert Advisor.

    He won $40,000 winning automated forex trading competition turning his $10,000 to $165,000 within 3 months. I think he is the best damn of all time even this year competition he is leading the trade

12. Tourism in Indonesia on January 5th, 2010 4:20 am

    it’s too good to be truth insn’t ? you would be newest warrant buffet on the investment market….

13. khuram678 on January 5th, 2010 2:07 pm

    First of all Bob needs to get his facts straight. Forex is NOT a futures market. Because it's highly leveraged like futures doesn't mean it's futures. Forex is the currency markets, where you trade a currency pair like the EUR/USD or USD/JPY.

    Is it risky? Yes. But so is driving. How many people get killed on American Highways everyday? Does that mean you should not drive? If you drive safely, defensively, and watch your speed, etc., then you greatly increase the chances of getting to your destination safely. Same thing with trading.

    It kills me when these people make general comments like that. Everything has an element of risk to it, but it doesn't mean you shouldn't do it.

    And FX used to be for the big boys only. Prior to the early 90's if you wanted to trade FX, you needed a net worth of at least $10 million and an account minimum of $1 million. But, today you can open an account with as little as $100. Other things like stocks, options, futures, etc. you need to have at least $5,000 to open an account.

    Now to answer your question an Expert Advisor is basically an automated trading robot. It's just a system that's automated and will trade your account for you.

    Hope this helps.

14. Anonymous on January 5th, 2010 8:58 am

    better try for free my money making guide:

    tnij. org/money-system

    i made $3900 last month

15. haya n on January 5th, 2010 5:14 pm

    View It Now FinanceExtends (dot) com

16. g0dloki on January 5th, 2010 7:10 pm

    I am an Expert Advisor, and I don't use Forex to make money.

17. Hotel in Bali on January 5th, 2010 9:40 pm

    hi what is his website?

18. Tourism in Indonesia on January 6th, 2010 3:39 am

    where can we get this

    best Forex Expert Advisor

    Thanx

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