Wednesday, December 2, 2020

Is VPS required for my EA?



Virtual Private Server (VPS) is a virtual computer that is offered as an online service.  VPS has its operating system running. As a customer, you will obtain super-user access that will permit you to install trading software (like MetaTrader) on that virtual machine. It will guarantee that your trading software is running without delays. For a forex trader, VPS is a useful tool, especially if you trade using forex robots or if you have signal providing service.


Regarding the nature of your Expert Advisor, the speed of execution can be of crucial importance. Scalping robots and News based robots are the ones whose trading results are positively influenced by the speed of execution. Generally, all Expert Advisors that hold the trade for a short time, operate in very volatile market conditions, or execute many trades simultaneously would significantly increase the performance with a faster connection. Expert Advisor running on VPS will always complete the transaction faster than the one running on a personal computer. The execution speed can be improved further if you use the VPS service provider whose servers are at the same place as your broker's servers.
The service provider's technical support continuously watches the VPS server, so your EA will be safe from intruders, viruses, malware, and other threats. They will install all the necessary operating system and other utility software updates. Moreover, technical support can help you if you have problems installing and configuring your trading software or Expert Advisor.


If you are in a location where you do not have a stable internet connection, VPS is a must-have accessory, especially if you trade using automated trading systems. It also defends you against power outages and ensures that your trading software runs smoothly without delays. It will happen that you will need to restart your machine due to software upgrades, and it may be inappropriate to do so if you have an active trade running. Also, you can execute the transaction while your computer is switched off. So, your VPS will guarantee that your trading platform is always online.
You can reach VPS from multiple devices like mobile phones or tablets, so you can watch your EA operating anytime while you are away from your home computer or laptop. If necessary, you can also allow multiple different users (with additional privileges) to access your VPS. So, it gives you more flexibility.


VPS service price can vary; it is charged on a monthly subscription basis, and depending on the characteristics of the servers, the price ranges from $10 per month to $100 per month. Many providers will offer a free trial period. Some brokers will give you free VPS service if you match specific deposit requirements.


When you decide which VPS service is the right one for you, many characteristics have to be considered. You have to verify what operating system is running on the virtual machine to see if it is possible to install the trading software you intend to use. Also, check if the VPS provider allows you to install all the software you intend to install. The service provider must guarantee that the server will be uptime more than 99.99% of the time.


You have to check the hardware specifications for running your trading software; this is very important if you plan to run more instances of your trading software on VPS. Check how much RAM is offered and whether it will guarantee that all your trading software will run smoothly. Moreover, the required level of operation stability is secured with Hyper-V technology for users that run forex VPS on Windows servers. At the same time, OpenVZ will give the same strength on Linux servers.


Server location is another essential factor that you should consider; it should be the same location as your broker's server location. Check if there are any limits regarding speed and traffic. Finally, check the price, take the cheapest that has all your required features.


Thus, VPS is a must-have tool if you trade using Expert Advisors or have subscribed to signal service. It will increase the performance; your trading software will be protected and easily accessible. Also, you will be sure that it will run all the time and it will improve your trading results.

Monday, December 9, 2019

Top 10 Forex Sites (2019 edition)

Here is the list of the top 10 Forex sites ranked by Alexa for 2019. It is an update of my old posts: 2018 2015

1. Investing.com - a leading site that offers technical analysis and real-time data for the forex, stocks, commodities, futures, indices, bonds and cryptos. Also, it offers many useful trading and investment tools.

2. Forex Factory - a forum that includes market calendar and news

3. TradingView - a social network for traders and investors with live quotes, stock charts, and expert trading ideas.

4. Trading Economics - a site where you can check and download many different economic indicators

5. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts

6. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis,  and a currency converter

7. Babypips - simple easy to understand guide for teaching beginners how to trade

8. Mataf - forex trading tools, daily exchange rates, and currency analysis

9. Dukascopy - a leading Forex ECN broker and a bank

10 Forex Peace Army - reviews of Forex services, resolves Forex scam incidents

Thursday, December 5, 2019

CADJPY - Long

CADJPY is continuing a bullish after bouncing from the channel support in a bullish channel that was formed in mid-August. Yesterday's Bank of Canada meeting boasted the move.

Tuesday, February 20, 2018

Top 10 Forex Sites (2018 edition)

Here is the list of the top 10 Forex sites ranked by Alexa for 2018. It is an update of my old post:

1. Investing.com - a leading site that offers technical analysis and real-time data for the forex, stocks, commodities, futures, indices, bonds and cryptos. Also, it offers many useful trading and investment tools.

2. Forex Factory - a forum that includes market calendar and news

3. Trading Economics - a site where you can check and download many different economic indicators

4. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts

5. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis,  and a currency converter

6. Babypips - simple easy to understand guide for teaching beginners how to trade

7. Mataf - forex trading tools, daily exchange rates, and currency analysis

8. Dukascopy - a leading Forex ECN broker and a bank

9. FXCM - a leading Forex broker

10 Forex Peace Army - reviews of Forex services, resolves Forex scam incidents

Link to Top 10 Forex Sites - 2019 edition

Wednesday, January 31, 2018

Long EURCHF

We have entered long EURCHF trade at 1.1615 with stop loss at 1.10 and take profit at 1.22. We expect SNB policy to remain its the current policy for an extended period of time, while we expect that CHF will be used as a funding currency.

Tuesday, January 16, 2018

Where I can find a good MQL developer

MetaQuotes Language 4 (MQL 4) is a programming language that is used to program Expert Advisors, Custom Indicators, Scripts and even libraries for Metatrader 4 trading platform. It is not a simple programming language and if you do not have any programming knowledge it might be hard to learn the language.

However, it does not mean that you will not be able to automate your trading strategy. In order to do so, you can rent an MQL 4 developer. The best resources are:


  1. Upwork – a leading freelancing platform where you can find experts from many different fields including MQL developers

  2.  MQL5.com – a platform specially dedicated to MQL developers

  3. Freelancer -  another popular freelancing platform

Thursday, August 31, 2017

Top 10 Forex Forums (2017 Edition)

This is a new update of my old post. As I said, a forex forum is an online discussion site where other people hold conversations about the Forex market and trading in general in a form of posted messages. The most popular Forex forums are:

1. Forex Factory - (Alexa rank: 3362) - a leading online Forum with a huge trader base and established reputation

2. MQL5 Forum - (Alexa rank: 5519) - official forum of Metatrader users

3. My FX Book Forum - (Alexa rank: 9274) - well-known Forex site with a forum

4. Babypips Forum - (Alexa rank: 16476) - one of the best Forex educational sites with forum

5. Forex Peace Army Forum - (Alexa rank: 41254) - another well-known Forex site with a forum

6. Arabic Trader - (Alexa rank: 48746) - forex forum in Arabic

7. EliteTrader - (Alexa rank: 56382) - forum without subsections

8. MT5 Forum - (Alexa rank: 61207) - a forum of Metatrader users

9. EarnForex - (Alexa rank: 77081) - another well-populated Forex forum

10. Trade2Win Forums - (Alexa rank: 100553) - a forum dedicated to Forex traders

Happy trading !!!

Thursday, August 17, 2017

Top 50 Forex Twitter Accounts (2017 Edition)


Here is the list of my 50 favorite twitter accounts. This is a new update of my old post.
  1. @eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
  2. @Investingcom - a top financial web portal that offers news, technical analysis,  real-time quotes, charts
  3. @Tarantula  - forex senior analyst & educator at Admiral Markets
  4. @marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
  5. @DailyFX - providing forex trading news, currency forecasts, analysis, education, and strategy.
  6. @Fxflow - real-time analysis of Forex market, market predictions of BKForex 
  7. @FXStreetNews - 24/5 real-time forex news
  8. @TopForexNewsCom - latest forex news
  9. @ForexLive - news, updates, insights from Forex market
  10. @50Pips - independent professional Forex coach and mentor
  11. @FXTraderUpdates - the latest and hottest NEWS and TIPS
  12. @piptrain - forex trading using technical analysis
  13. @ForexTweets - your First Stop for Forex Trading News
  14. @TheTraderFX - independent full-time forex and futures trader
  15. @CVecchioFX - currency analyst at DailyFx
  16. @gregmikeFX - chief currency analyst at FXDD
  17. @newsinvesting - real-time news from currency and stock markets
  18. @PipCzar - independent trader and currency strategist
  19. @IlyaSpivak - global macro strategist at DailyFX
  20. @JStanleyFX - strategist at DailyFX
  21. @Francesc_Forex - president and founder at FXStreet
  22. @JoelKruger - currency strategist and trader
  23. @forexcrunch - Forex news opinions, forecasts
  24. @chrislorifx - foreign exchange fund manager
  25. @craig_forex - a senior market analyst at marketpulse.com and OANDA
  26. @JMahony_IG - market analyst providing fundamental & technical analysis
  27. @FX_Button - currency analyst and editor at ForexLive
  28. @kathylienfx - forex analyst
  29. @FXDIRK - forex trades provider 
  30. @EdMatts - senior technical strategist at Capital Management
  31. @caseystubbs - forex trader
  32. @GregaHorvatFX - Forex, Futures and Stock trader
  33. @MWellerFX - a senior technical analyst at Forex.com
  34. @2ndSkiesForex - forex trader
  35. @ValBednarik - forex analyst
  36. @AidanFX - full-time forex trader, technical analyst and signal provider
  37. @PLTfx - Forex trading advisory and fund management
  38. @ElliottForecast - Elliot wave forecasts with swing trading ideas
  39. @PhillipKonchar - forex analyst
  40. @Darlington_Dick - forex news and opinions
  41. @FXstreetReports - 24/5 real-time forex research
  42. @thepoundlive  - forex portal
  43. @hantecfx - forex broker
  44. @Forextellcom - delivers trade ideas from pro traders and insights from the institutional side of FX
  45. @aspentrading10 - forex and stock advisory
  46. @MCarrilloFX - forex analyst
  47. @MilanCutkovic - forex trader
  48. @ItsForexTime - official twitter page of FXTMt
  49. @TradersLog - portal for active traders and investors
  50. @saxobank - international investment bank
Happy trading !!!

Friday, July 28, 2017

CSAD One – Signal

The Trader FX has started a new mql4 signal – CSAD one. The signal will be provided through www.mql5.com and it will be available for trade copying on all Meta trader 4 platforms for a monthly subscription of $20 monthly.

CSAD one signal is specially designed for users with small amounts of accounts. Our starting signal account balance is $200. We will use a combination of a few proven trade strategies on Forex trading instruments.

The signal is available here.

Thursday, December 15, 2016

Top trades for 2017

Here is our view:

  1. Long USDJPY - Global yields will rise and cause further outflows from Japan, higher inflation expectations and Trump will deliver fiscal stimulus

  2. Short AUDUSD - AUD will be affected will slowdown in Chinese demand while we are bullish on USD

  3. Short EURNOK - NOK will benefit versus Euro due to rising oil prices and local forward interest rate

  4. Short EURGBP - Undervalued GBP will recover because we will not see more negative news from UK

  5. Short EURUSD - The pair is heading to the parity - USD strength combined with European political uncertainty  

Monday, February 2, 2015

Top 10 Forex Sites

Here is the list of the top 10 Forex sites ranked by Alexa:

1. Investing.com - technical analysis and real-time data streaming for the Forex, commodities, major world indices and futures. Includes trading and investment tools.

2. Forex Factory - a forum that includes market calendar and news

3. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts

4. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis, and a currency converter

5. XForex - a broker with stand-alone forex trading platform

6. Trading Economics - view, download and compare thousands of economic indicators

7. FXCM - a leading Forex broker

8. Babypips - simple easy to understand guide for teaching beginners how to trade

9. Forex Peace Army - reviews of Forex services, resolves Forex scam incidents

10 Dukascopy - a leading Forex ECN broker and a bank

Link to Top 10 Forex Sites - 2019 edition

Wednesday, January 28, 2015

Top 10 Forex Forums

A Forex forum is an online discussion site where other people hold conversations about the Forex market and trading in general in a form of posted messages. the most popular Forex forums are

1. Forex Factory - a leading online Forum with a huge trader base and established reputation

2. DailyFX Forum - a forum owned by one of the leading brokers - FXCM

3. MT5 Forum - official forum of Metatrader users

4. Babypips Forum - one of the best Forex educational sites with forum

5. MQL4 Forum - official forum of Metatrader users

6. EarnForex - another well-populated Forex forum

7. EliteTrader - forum without subsections

8. Trade2Win Forums - a forum dedicated to Forex traders

9. Forex TSD - very popular Forex forum

10. Forex Abode Forums - another well populated Forex forum

Link to Top 10 Forex Forums - 2017 edition

Monday, December 15, 2014

Start your own Forex signal service

A great book written by Rimantas Petrauskas who is a very experienced Forex trader and skilfull Forex programmer. He has successfully thaought many clients how to succeed in Forex trading. The book, “How to Start Your Own Forex Signal Service: The Next Step Every Forex Trader Should Take to Build an Automated Passive Income Stream ” has been created to help those interested in making an income through developing a Forex trading signals service.

It explains the steps that the author has used to create his own successful Forex signal service business. There are many details about the ways and approaches to find great sources for trading signals that can be sold to customers.The book is easy to follow and it will teach those who have no experience in starting their own website. It explains what software can be used to deliver trading signals, and also the methods that can be used to run a business.



Happy trading!

Monday, May 19, 2014

Top 50 Forex Twitter Accounts


Every decent Forex Trader must have a twitter account because it provides immediate news, analysis, charts, and many interesting articles. In order to help you to find the right accounts to follow, here is the list of my 50 favorite twitter accounts.
  1. @eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
  2. @Investingcom - a top financial web portal that offers news, technical analysis,  real-time quotes, charts
  3. @FOREXcom - actionable Forex trade ideas, analyses and more
  4. @marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
  5. @DailyFX - providing forex trading news, currency forecasts, analysis, education, and strategy.
  6. @Fxflow - real-time analysis of Forex market, market predictions of BKForex 
  7. @FXStreetNews - 24/5 real-time forex news
  8. @marcwalton - Forex mentor and professional Forex trader
  9. @ForexLive - news, updates, insights from Forex market
  10. @50Pips - independent professional Forex coach and mentor
  11. @CharmerCharts - Technical Analysis for the professional futures & Forex trader
  12. @piptrain - Forex trading using technical analysis
  13. @JamieSaettele - technical strategist at DailyFX
  14. @TheTraderFX - independent full-time Forex and Futures trader
  15. @CVecchioFX - currency analyst at DailyFx
  16. @gregmikeFX - chief currency analyst at FXDD
  17. @newsinvesting - real-time news from currency and stock markets
  18. @PipCzar - independent trader and currency strategist
  19. @IlyaSpivak - global macro strategist at DailyFX
  20. @FGoria - financial journalist
  21. @Francesc_Forex - president and founder at FXStreet
  22. @JoelKruger - currency strategist and trader
  23. @forexcrunch - Forex news opinions, forecasts
  24. @chrislorifx - foreign exchange fund manager
  25. @leanco - independent professional Forex trader
  26. @MBForex - trader and currency strategist at DailyFX
  27. @kathylienfx - market predictions and real-time analyses at BKForex
  28. @tradingfloorcom - Forex and Stocks trading community
  29. @currencynews - currency news and Forex fundamental information
  30. @forexmagnates - latest retail and institutional Forex news
  31. @RenaTrader - full-time Forex and Futures trader
  32. @GregaHorvatFX - Forex, Futures and Stock trader
  33. @MWellerFX - a senior technical analyst at Forex.com
  34. @dfxplussignals - trading signals from DailyFX
  35. @WEnglandFX - trading instructor at DailyFX
  36. @AidanFX - full-time Forex trader, technical analyst and signal provider
  37. @PLTfx - Forex trading advisory and fund management
  38. @ElliottForecast - Elliot wave forecasts with swing trading ideas
  39. @EasyForexDR - latest Forex trading news
  40. @Darlington_Dick - Forex news and opinions
  41. @Craig_AlpariUK - a market analyst at Alpari UK
  42. @Joshua_AlpariUK - research Forex analyst at Alpari UK
  43. @fx4you - Forex broker offering charts and analysis
  44. @ForexFreshNews - hot news about Forex market
  45. @aspentrading10 - Forex and stock advisory
  46. @MCarrilloFX - Forex analyst
  47. @edjmoya - a chief technical analyst at World Wide Markets
  48. @EdMatts - senior technical strategist at Capital Management
  49. @FXDIRK - Forex trades provider 
  50. @saxobank - international investment bank
Happy trading !!!

Link to Top Twitter accounts - 2017 edition

Wednesday, April 30, 2014

Forex Bank Prediction resources

Whether you are a long term trader or a scalper you will always be curious about and would like to know what are the big players in the Forex market doing. What are their positions? Fortunately, certain websites do provide that kind of information. To be more precise I am talking about the positions that are held by the big banks and big hedge funds. 

The best websites with bank positions, or in my opinion, the most useful ones are:

1. eFXnews - it is a Boston based financial media agency covering global FX markets. It provides the positions held by the biggest players in the market. Highly recommendable one.

2. PLTfx - it is FX trading advisory and Funds Management. Another great resource that provides bank Forex positions. It requires login.

3. Forex Quebec - it is a global Forex trading portal that provides bank positions under its bank forecasts section. It is a good resource though it is not providing the forecasts on a daily basis.

4. Dukascopy TV - a Forex broker that is providing the information in video format on a part-time basis.

5. Forex Street - another global Forex trading portal. It provides many positrons of slightly less relevant players in the market. 

In short, it is always useful to know what are the biggest players in the market predicting before you enter your position. 

Friday, May 17, 2013

Profitable trading using Forex Robots (2)


Due to huge interest was shown in the previous post about commercial Forex robots. I have decided to extend the list of recommended ones by two new ones.

  • WallStreet Forex Robot
    • Trading pairs:  EURUSD, USDJPY, GBPUSD, USDCHF on 1-hour time-frame
    • Average weekly gain: 2.24%
    • Min. deposit: $1000
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website

  • Forex MegaDroid
    • Trading pairs:  EURUSD on 1-hour time-frame
    • Average weekly gain: 0.38%
    • Min. deposit: $1000
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website
Once again, I remind you that before you start trading on a live account follow the procedure explained in the previous posts about the robots and keep in mind the rules about the testing.

  


Wednesday, May 15, 2013

Profitable trading using THV strategy


THV is a legendary free manual trading strategy that was developed by Cobraforex. The strategy is originally designed for scalping (trading on smaller time-frames), although some traders successfully use it on larger time-frames. It can be applied to any trading instrument, but since it is a scalping strategy the better results are carried out on currency pairs with smaller spreads.

THV manual and indicators can be downloaded from here. Well, my intention is not to explain to you the strategy, but to point out on few additional things that can improve your trading results. Since it is a scalping strategy, I have applied it to a 5-minute time-frame.

First, I advise you to take only those trades that are in accordance with bigger time-frames. If on 5-minute time-frame buy signal is met then check out if according to THV strategy the pair is in buy zone on 15 minute and 1 on hour time-frame. If it is not, do not enter the trade. Also, if a sell signal is met, check if the pair is in sell zone on 15 minute and 1-hour time-frame.

Second, take a look at Economic calendar. Do not enter the trades half an hour before highly and moderately volatile news release for one of the currencies in the pair.

Finally, check the volume. Do not enter the trade if the volume is low. It should not be the problem if you are trading on a business day during London or New York session.

Hopefully, these remarks will help you to improve your trading results. Good luck!     

Tuesday, May 7, 2013

Simple news trading strategy


News trading is a style of trading where a trader makes his trading decisions based on economic news releases. The great advantage of trading the news is that you can be very successful in a relatively short period of time. This style is perfect for those who can't dedicate themselves to trading on a full-time basis.

An economic news calendar can be found at investing.com and fxstreet.com. The impact column in the calendar shows how big volatility is expected upon the release of the news. Three other important columns are Actual, Forecast and Previous. Previous shows the indicator data for the previous period. Forecast shows the expected indicator value; Actual is the news release.

So, what is causing big price movements? Well, it is a surprise. In this context, the surprise is the difference between forecasted and actual value. We can see that actual value is sometimes shown in red, sometimes in green and sometimes in black. What does it mean? Green means that actual value is better than expected and it will cause bullish movement for the currency, on the contrary, red means that actual value is worse than expected and bearish movement is expected. Finally, black means that value is within expectation and currency should not move.

So, how to trade the news? Choose the pair that is consisted of currency for which the news will be released. Then, 30 to 45 seconds before the news release put one buy stop order 8 to 12 pips higher than the actual price and one sell stop order 8 to 12 pips lower than the actual price. When the news is released one-stop order should become active (if the actual value is not in expectations). Then cancel the other stop order and close (or leave for a few minutes or more) the active order. When you are satisfied with the gain to close the order. If the news release did not cause the price movement to cancel both stop order and wait for another news release.

I advise you to try this strategy on a demo account first, and then you can move to a live account. If you sign-up to this blog by email, I will send you a script that is automatically placing stop orders.

Happy trading!    

Wednesday, May 1, 2013

When is your Expert advisor ready for live account trading?

Whether you have developed or purchased an Expert advisor there is a certain procedure that has to be followed before the Expert advisor is ready to trade on a live account. 

The first step is called Back-testing. Back-testing can be performed with the Metatrader platform using a Strategy Tester tool. Back-testing is not reliable, however, it is the first step, it is fast and it can give you some picture of your robot. Back-testing results should not be considered at all if your modeling quality is under 90%. Modeling quality can be improved if you import the history data. That data can be found at forextester.com

Strategy tester has two very useful back-testing features: optimization and visual mode back-testing. Optimization compares the trading efficiency with different values of robot entry parameters. It can help you to choose the most profitable combination. Back-testing in visual mode is very interesting when you are developing your own Expert advisor, so you can check does the robot follows your strategy completely.
 
When your Expert advisor accomplishes satisfactory results on back-testing, it is ready for the testing on a demo account. So, put the EA using the best performing back-testing entry parameters on a demo account and leave it for 3 weeks to three months. The duration depends on the time-frame EA has been using. For EAs trading on 1-minute charts, 3-week testing is fine; those trading on 4-hour charts should be left for 3 months on the test. If your EA has achieved satisfactory results on a demo account, it is ready for live trading.
 
Optionally, to be more certain you can start live account trading on a smaller account or using a smaller amount of lots (if is it available) as an entry parameter. Then after one month, you can switch to live to trade on the normal account. 

Well, if you have followed the testing process completely and if your EA has successfully passed all steps. You will certainly enjoy live account trading.

Friday, April 26, 2013

Profitable trading using Forex Robots


Forex robots or Expert Advisors (EA) are the applications that automatically open and close the trades on the Forex market. The trading using forex robots is called automated trading and it can be very profitable.

Automated trading is very suitable for those who want to participate in the Forex market, but do not have the time to dedicate themselves fully to the trading. It useful for those traders who have the problem with emotions, concentration and with the ability to follow a previously set strategy. Also, the traders who can't achieve better result manually would consider the Expert Advisors.

For automated trading, you need a computer with a good Internet connection and MetaTrader 4 platform installed. You will need a Forex broker that is providing Metatrader 4 as a trading platform and that is allowing trading with EAs. Finally, you need an Expert Advisor installed.

So, which EA to chose? The offer on the Internet is huge. Unfortunately, lots of them are scams. Either they are not profitable or they ask for an unlimited amount of money. Well, I have selected two that are profitable and guarantee a quick return of investment.

  • Forex Growth Bot
    • Trading pairs:  EURUSD on 15-minute time-frame
    • Average weekly gain: 2.63%
    • Min. deposit: $250
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website

  • Million Dollar Pips
    • Trading pairs:  EURUSD on 1-minute time-frame
    • Average weekly gain: 4.62%
    • Min. deposit: $1000
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website
Finally, when you get the Expert Advisor, firstly I strongly advise reading the manual first and get familiar with the entry parameters. Secondly, test your EA on a demo account for 1 to 3 months before you start using it on a live account.

Happy trading!

More ...