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It depends on what we create and our style of trading but generally speaking, we don't need a lot of complicated infrastructure for automated trading and if we are concerned about power outages we can use a VPS. I run 2 rather large size EA's on 18 MT4 trading accounts (for testing) on an I5...

Usually the reason for selling an EA is that it is a dud.

I had a number of demo accounts with them and my experience was not great. The accounts regularly stopped working in the weekends so I could not do back testing. I complained repeatedly about this but they kept doing it. How much offline time do they need for backups? 1 hour 2 , 5? They don't...

All the brokers I know, withhold some of +ve swap or add to -ve swap making it harder for a trader to make a buck. I use 3 brokers and I monitor their swaps regularly because I keep positions open for days so I will jump on them if I see any very suspicious behavior. Back in December 2018 I saw...

Yes interest is paid OR earned daily when that position is left open overnight.

I don't know if you are aware but long positions on AUDCHF earn sizeable +ve swap with almost all brokers, so your Forexchief broker is cheating

I found chat rooms a distraction and a waste of time because for our posts to be relevant, we would all need to be using the same (or similar) strategy and to be trading the same currency pairs, and even then, experienced traders will not be interested to participate.

Are you interested to buy one? The good ones are not for sale. I have tried many over the years and never came across any EA which are consistently profitably + suited my risk profile. In the end I sat down and made my own. I think this is the best way because then you will understand the EA...

Forex Trader

Full time forex trader

It looks like you are new to trading, take some time to verify your strategy and to improve on your stats using a smaller trade size . Use some kind of filter to reduce the number of losing trades. Confirmation using a higher time frame is good but the time of the day can also be a good...

Are you saying that they could disapear one day and you would not know where your money went?

Ok good luck with that, but their myfxbook account only run for 3 months in early 2018 and it had massive month gains which is a warning sign to me. https://www.myfxbook.com/strategies/ea-pros/167150 I have no opinion on the strategy because I don't know the specifics but huge monthly gains...

Actually I have just realized that only FXCopier Remote supports MT5 but that software has the limitation mentioned above

I just want to post an update on my trading software. I have stopped using FXsynergy and I'm now using ForexCopier2 for my trade copying because FXSynergy was sometimes missing trades. I could not understand the reason for this. Everything looked ok but I got tired of checking the accounts to...

My understanding is that a market maker would not be interested to mirror our trades. I agree, however, in order to trade 2000 lots we would need to have a very large trading account and as such we would also have to consider the safety of our funds. I would be reducing this risk by...

For very low spreads and fund safety I would choose an Australian broker, and depending on my trading volume and the instruments I trade I would choose one of the following. My personal experience with 5 to 6 figure trading accounts Global Prime: :finger: Advantages: Very low negotiated...

I believe that what he is trying to say is that if you are trading the higher timeframes and only place a few trades per week then paying a few extra pips in spread with broker X is not anything worth worrying about. But if you are scalping for only a few pips profit, then spread becomes very...

Well, this has crossed my mind but I don't know if we should be paranoid about it :) Here are some ideas. Assuming we use Metatrader 4, we could place our trades in a demo account and then automatically copy trade them to our live accounts, Every now and then we stop trading, we transfer our...

This is not going to be an edge for too long because the counter parties of our trades do NOT like to lose and they usually have enough money to drive the market in any direction they want, so sooner or later the combined trade volume will become noticeable and will become a magnet/target. Btw...