Guide to Getting Rich With Forex Robots has now been converted into Metatrader Backtesting and Optimization Course by the developers of this guide. This is a very useful guide for those traders who are interested in trading with an . Many new traders are told that you just need to install a Forex robot on their MT4 chart and that’s it. It will start trading for them. Just installing the EA and making it trade won’t work!
If you are serious about trading with a Forex robot then you need to learn how to backtest it, forward test it and then optimize it’s settings. Without learning how to back test an EA and how to forward test it, you won’t be able to make the robot work. In this Guide to Getting Rich with Forex Robots, you will learn how you can back test any EA with 99% modelling quality.
Now, most of the backtests that are provided as proof on the vendor sites show a modelling quality of 90%. When you do a 99% modelling quality backtest, you are going to learn a lot more about the potential strengths and weaknesses of any EA.
In the same manner, you need to learn how to optimize the settings of an EA. Without optimizing the settings, you won’t get the optimal return with the lowest risk. When trading with an EA, always remember the performance of that EA depends on the setting used. If you use wrong settings, the EA will in most cases give you a large drawdown. So, before you start trading live with an EA, you need to learn how to optimize the EA and find the…