Wha tis the best Forex Robot for my needs?

[jonasthomas]

Hello,

I am relatively new to Forex trading and I have read the babypips school partialy and studied price action trading and psychology for some time.

I have decided that I want to try out a Forex Trading Robot and I was wondering what the best method would be to find a good solid robot. I am not interested in a fast return on investement, but rather in a steady and stable growth of money. I had a look at the "Expert Advisors Tests" on this website, but I am uncertain what to choose to begin with. Can anyone recommend a good method in finding the best robot to start with? Does such a robot exist to begin with?

Thanks in advance for your advice!

 

[Pharaoh]

Go through Forex Military School to get a solid foundation in forex trading. This will make evaluating EAs and other trading methods easier.

For EAs, don't just look at the percentage gains. Check and see if they use SL. Look at the balance graph and see if it's steady or looks like it's monitoring an earthquake. Check the max drawdown. Look and see if there are large floating losses.

 

[jonasthomas]

Hello Pharaoh,

Thanks a lot for you answer. I will do that.

Thanks!