Expert Advisors 3
I'm often contacted by EA and system vendors to promote their products which is perfectly fine and I'm more than happy to do. As part of my normal filtering routine though I always insist on taking a look at what they're offering and testing it out for myself.
I don't like to recommend anything that I haven't personally tested and had at least some success with.
You may have seen my recent article about Keltner Pro which I'm still running although it has to be said that 2015 has not been a great year for Keltner Pro. My account is still showing a 376% profit which is great, so I'm not complaining. I've also withdrawn my initial deposit plus 100% so everything else is just gravy and I'm willing to let it run it's course.
A couple of weeks ago I was contacted by an EA vendor about his latest offering so I checked it out. The guy had a great sales page and it looked very professional so I got in touch to see about getting a review copy. (more…)
I made a video some time ago for one of my students and in it I explained how to go about testing your expert advisors. One of the things I mention in the video is the fact that due to the way Strategy Tester works, it's never to be trusted 100%
Now initially that may sound a bit shocking to you but it's really not that big a deal.
The Strategy Tester in MT4 isn't intended to give you a reliable representation of exactly how an expert advisor will perform in a live market. If you think about it for a moment the idea that it ever could is a bit ridiculous.
By it's very nature the live Forex market is unpredictable just like everything else in life that involves human interaction. (more…)
I woke up this morning to find some pretty exciting news from MetaQuotes sitting in my inbox.
They've just opened up the MetaTrader 4 Marketplace with loads of free and paid Expert Advisors for you to wade through.
If you've ever used Apples App Store or Google Play then you'll already be familiar with the concept. Users can browse the extensive list of Expert Advisors that are available and download as many as they like.
Just like the other marketplaces there are both free and paid options and it's accessible both online and in the MetaTrader 4 terminal. While the marketplace has been available for MetaTrader 5 users since 2012, this is the first time that such a scheme has been available to MetaTrader 4 users. (more…)