EA development specialists explain clearly and carefully! Auto trading course starting from zero | Episode 2: How to choose an excellent automated trading program [FX Noble]
FX Noble/Profile
Transitioned from discretionary trading to automated trading, and since 2017 has been an EA developer listed on GogoJungle. From the flagship work “Scalping Dragon” to more than 1,000 sales in total, and continues to publish various information about automated trading on blogs and Twitter.
Official Blog：FX Noble's EA Development Blog
Twitter：https://twitter.com/yenpetit
※This article is a republished and edited version of an article from FX攻略.com February 2019 issue. The market information described in the text may differ from current market conditions, so please note.
How to find good ones among the countless automated trading programs?
Even if you decide to start FX automated trading, there are a large number of options even within the most popular EA sales site, GogoJungle, so beginners may not know which to choose. Here, from the perspective of developers who actually list products, we will introduce key points for selecting EAs with high profit potential.
Point 1: The most important is the forward test period
Forward testing refers to the performance after you actually start running the EA after release. New products attract attention and sell, but EAs with a short forward test period have uncertain track records, making performance evaluation difficult. Ideally, the forward test should be at least six months, preferably over a year.
Point 2: Currency pairs should be USDJPY or EURUSD
There are countless currency pairs in FX, but for those just starting automated trading, we recommend EA for USDJPY or EURUSD first. These two pairs tend to have relatively stable spreads across brokers and high liquidity, making it less damaging during market spikes. For minor currencies, some brokers do not offer them or spreads early in the morning can be very wide, making handling more difficult.
