Recommended Forex Expert Advisor

Are you looking for a recommended forex expert advisor? Here are some tips to get you started. Everyday, we see more and more people turning to forex trading to make some extra cash. For those who are able to profit consistently, they are fortunate enough to turn it into a full-time job. But there are some trade secrets, what traders call the “secret sauce” behind their trading successes. And that secret sauce is actually a good forex expert advisor.


In order to know how to find an expert advisor that can meet your trading needs, you will have to first understand what it does exactly and what are the functions or features to expect from it. Such software is also often called a forex trading robot. They all mean the same thing.

Going with a recommended forex expert advisor by forex experts is the safest way. Here’s a selection criteria:

1. Accuracy – A good forex expert advisor will be able to provide accurate signals of buy and sell calls. This can be seen from the successful results of its current users as well as its backtesting results.

2. Automation – A top notch expert advisor often allows you to automate even the buying and selling so that you only need to determine its initial settings.

3. Successful Forex Trading Strategies – They must have successful forex trading strategies built-into their programs such as 9 EMA Entries, Parabolic SAR trading, etc. This depends on the creator himself. More often than not, successful traders create these expert advisors to follow their trading principles and strategies so that all their transactions can be put on autopilot.

4. Proper Safeguards – Since the forex expert advisor is trading with your money, having proper safeguards is crucial as you do not want to risk losing a huge chunk of your investment capital. One key aspect you should always look out for is the drawdown that the expert advisor is configured for. Drawdown refers to the percentage loss in value before it bounces back to its original investment capital size. Anything higher than 15% is considered risky!

In our next post, we are going to talk about some of the most talked-about forex expert advisors in the market. These robots have been making successful trades repeatedly for their users and are definitely highly recommended forex expert advisors.