Home Forums Trading EAs in the US Brokers for US Traders US BROKERS Reply To: US BROKERS

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User AvatarAlan Northam
Participant

Hi Jordyn,

Outside the US there are many brokers traders can subscribe too.  This makes it possible to take the Expert Advisors EATradingAcademy offers and test them with these brokers to find out which ones provide the best profits and then use them as llan suggested.  Unfortunately in the US the selection of brokers is quite limited.  I have not had success using the EATradingAcademy robots on US brokers.  As a result, I have had to learn how to create profitable robots using EA Studio.

As to the the broker I use:  I use Oanda as it gives me 19 demo accounts where the other brokers limit from one demo account to three demo accounts.  I like Oanda as it gives me a lot of demo accounts so I can test out my robots.  I prefer to use real demo accounts to test out my robots instead of just relying on the back-test and Out Of Sample testing with EA Studio.  It takes longer to test the robots but I have found the results are worth the time spent.

As to creating robots using EA Studio:  I have 100’s of robots being tested all the time.  Once every month I will review these robots and delete the losers.  This way I keep a good quantity of profitable robots.  I will then select the robots to trade from this pool of profitable robots.

I have quite a few robots that have performed well over the longer time frame I use for my trading.  I have thought about offering them for sell to US traders but have not decided to do so as I am not sure it is worth my time as it takes considerable time to build up a client base.  I think it is unfortunate US traders do not have a good source of robots that are profitable when used with US forex brokers.

Hope this helps!

Alan

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