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The true name is Expert adviser. Forex robot got popular from the sales men who actually are selling expert advisers but calling them Forex robot. Why they do that? Because they promise to the people that once you buy it, it will do the work for you, it will make you up to 85% on a single trade, its fully automated and so and so on.. Basically that all is not true.
The name is Expert Adviser, for a reason. It is a tool that automates your entries and exit rules and conditions for the strategy. That all it is. Its giving you signals or entries. But you need to use your experience about the trend, about the moment you are using it, about the Fundamental news that are coming up etc.
Basically it is adviser, not a robot. The word robot just misleads the people that when they buy one expert adviser they will put it on the platform and it will make money for them consistently for years…don’t expect that.That is why in the course Top 5 Forex Strategies i explain clearly that these Expert advisers are the automated version of the 5 strategies. You need to find the way that you will use it or not use it at all. We do our best to maintain them as stable as possible and we do see positive results on the end of each month so far, but as you know past performance does not guarantee future success.
i just rounded the parameters to the 0.0010 and that is all. it was all done with the reactor. Really nice tool EA Studio…i just run it and at the end i have good Forex Strategy
the profit line of this Forex strategy looks so nice…i hope it will keep it up. Did you use the Reactor to have this strategy. And after that did you actually change anything on it? I mean did you add any entry condition? Or changed the sl or tp?
Actually it is live already, i took it and i am watching it for 2nd time now…little bit advanced for me but i hope on the 3th time all will be clear. Its fully about technical analysis and price action. Are you planning to have a course also for the fundamental analysis?
I just have Forex Strategy Builder and i am excited to learn how to use it all :)
i am glad to see that there are no any reported bugs recently and all is working. I was looking for it for a long time, but i see that with the time it is getting more expensive and now took the discount. Hope i will be ably to generate the first experts soon from Forex Strategy Builderi would like to ask what is the difference between Forex robot and expert adviser? I am quite new in this field and I have already Fsb Pro but i am quite confused when i export strategy from there is it a Forex robots or it is expert adviser? I see that Petko is never mentioning Forex robot, but i have met it already many times around, so is it sth different or its the same?
Dear Peter,
sure you can give it a try. The good thing is that FSB Pro and EA Studio will create you the ea as it does with forex ea if you upload the historical data. The question is about the risk? How you will diversify it?
I will give you my point of view, do not take it as advise alright?
1. forex ea is better then commodity because of the spread
2. with forex ea you can diversify the risk on even 36 pairs with most of the brokers. With how many commodities you will go?
3. with forex ea we have the economic calendar and we have an idea when will be the affect of fundamental news. We do’t know when there will be high volatility in commodities.But give it a try of course and share your experience with us please
There is always risk Jade, that is Forex, obviously we try to take as small as possible, but there are always situations with high risk. That’s where a good money money management comes. If you can not stop them on the exact hour, then you need to stop them the previous night. Or reduce the volume to 0.01 for example.
Its much faster because it is web based and works only with MT4 indicators. FSB is heavier because it is working on Higher Time Frames and is using custom indicators. The academy is using each Forex trading software and so far nothing wrong there.
I have a question about the EA STUDIO, how come it works so fast? Really on moments i start to think that something is wrong there…i hope not. I mean so far i can not see anything wrong but when i compare it with FSB is so so fast!
Actually the new course is released and i am glad i took it! Petko is explaining there very well everything again.
Margaret, automated trading is not the future but the present already.Of course you need to have stable knowledge for the market and specially for Forex analysis..This happens because the EA is created without exit condition, but only TP. That’s why you will find the TP at the end because it is actually the exit condition for this expert advisor
