Important Answer From A Very Serious Broker Concerning Eas
This is a tadawul fx answer for all their customers and others :
Dear Readers,
Many clients believe that once they connect an EA to a platform they can sit
back and watch the EA make money for them. Unfortunately it is not that
simple. The important issue here is that the few losses made are bigger than
the profits made which shows bad risk management strategy or basically that
the settings in regards to when the position should close need correcting.
EAs have settings that need to be adjusted according to conditions provided
by the Forex Company (for example the spread). As TDFX do not build or
provide EAs, it cannot be blamed for the performance of any particular EA.
Please be advised that we have many traders who work with this particular EA
very successfully as they have learned to adjust the setting efficiently.
In regards to the comparison of TADAWUL FX with other Forex Companies, I
would like to abstain from commenting on the way other companies operate,
however it is widely known that many companies do not cover all client
trading positions and as a results use manipulation techniques that are not
easy to catch unless you know what to look for.
TADAWUL FX has a direct banking feed that provides a feed from over 20
banks, therefore it is safe to say that when trading with TADAWUL FX you are
trading under real live market conditions and not man manipulated virtual
trading platforms.
TDFX is also more than happy to assist and advise its clients if given the
chance to do so. help us help you !
Kind Regards,
Thomas Papantoniou
Account Manager